Common use of Principal obligation Clause in Contracts

Principal obligation. Each obligation of each Guarantor hereunder constitutes a principal, and not a secondary or ancillary obligation, to the intent that, without limiting in any way the operation of any of the other provisions of this clause 20, any limitation on the liability of a Guarantor which would otherwise arise by reason of its status as a Guarantor, co-Guarantor, indemnifier or co-indemnifier is hereby negatived.

Principal obligation. Each obligation Obligation of each the Guarantor hereunder under this deed constitutes a principal, and not a secondary or ancillary obligationObligation, to the intent that, without limiting in any way the operation of any of the other provisions of this clause 20deed, any limitation on the liability of a the Guarantor which would otherwise arise by reason of its status as a Guarantorguarantor, co-Guarantorguarantor, indemnifier or co-indemnifier co indemnifier, is hereby negatived.

Principal obligation. Each obligation of each the Guarantor hereunder constitutes a principal, principal and not a secondary or ancillary obligation, obligation of the Guarantor to the intent that, without limiting in any way the operation of any of the other provisions of this clause 20, that any limitation on the liability of a Guarantor which would otherwise arise by reason of its status as a Guarantor, co-Guarantor, indemnifier guarantor or co-indemnifier guarantor is hereby negatived.

Principal obligation. Each obligation of each Guarantor hereunder under this clause 17 constitutes a principal, and not a secondary or ancillary obligation, to the intent that, without limiting in any way the operation of any of the other provisions of this clause 2017, any limitation on the liability of a Guarantor which would otherwise arise by reason of its status as a Guarantorguarantor, co-Guarantorguarantor, indemnifier or co-indemnifier indemnifier, is hereby negatived.

Principal obligation. Each obligation of each Guarantor hereunder constitutes a principal, and not a secondary or ancillary obligation, to the intent that, without limiting in any way the operation of any of the other provisions of this clause 20, any limitation on the liability of a Guarantor which would otherwise arise by reason of its status as a Guarantor, co-Guarantor, indemnifier or co-co- indemnifier is hereby negatived.