Common use of Undertaking of Obligation Clause in Contracts

Undertaking of Obligation. The Guarantor hereby irrevocably and unconditionally guarantees to the Guaranteed Parties (as hereinafter defined) the payment and performance of the Guaranteed Obligations (as herein defined) as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. The Guarantor hereby irrevocably and unconditionally covenants and agrees that it is fully and personally liable for the Guaranteed Obligations as a primary obligor.

Appears in 4 contracts

Samples: Non Recourse Carveout Guaranty Agreement, Non Recourse Carveout Guaranty Agreement (Owl Rock Capital Corp II), Non Recourse Carveout Guaranty Agreement (Owl Rock Capital Corp II)

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Undertaking of Obligation. The Guarantor hereby Guarantors hereby, jointly and severally, irrevocably and unconditionally guarantees guarantee to the Guaranteed Parties (as hereinafter defined) the payment and performance of the Guaranteed Obligations (as herein defined) as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. The Each Guarantor hereby hereby, jointly and severally, irrevocably and unconditionally covenants and agrees that it is fully and personally liable for the Guaranteed Obligations as a primary obligor.

Appears in 1 contract

Samples: Credit Agreement (CBRE Acquisition Holdings, Inc.)

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