UNCONDITIONAL INDEMNITY Sample Clauses

UNCONDITIONAL INDEMNITY. The Guarantor unconditionally and irrevocably indemnifies PHF against all losses, damages, costs, charges, liabilities and expenses which PHF may at any time suffer or incur directly or indirectly because: 2.2.1 it does not for any reason recover from the Borrower any Guaranteed Money or any money which would be Guaranteed Money but for: 2.2.1.1 the fact that any agreement between PHF and the Borrower or another person is void, voidable or wholly or partially unenforceable; or 2.2.1.2 any release of the Borrower; 2.2.2 PHF has to disgorge any money paid to or received by it and credited against Guaranteed Money; 2.2.3 the Borrower or the Guarantor fails to pay any Guaranteed Money when payable; 2.2.4 the occurrence of any event or circumstance entitling PHF to demand payment of money from the Borrower earlier than the time it would otherwise have become payable; 2.2.5 PHF exercises or attempts to exercise any power or right in relation to the recovery of any Guaranteed Money; 2.2.6 PHF seeks to recover any Guaranteed Money from any other person liable to pay; or 2.2.7 a warranty in this deed is incorrect in any respect; or 2.2.8 the rate of interest applying to any judgment debt is less than that applying to the original obligation to pay Guaranteed Money in respect of which a judgment was obtained. The Guarantor must upon demand immediately pay PHF any amount of loss, damage, cost, charge, liability or expense so indemnified.