Us Borrower Guaranty Sample Clauses

Us Borrower Guaranty. (a) In consideration of, and in order to induce the (i) Canadian Lenders to make Canadian Loans to, and to accept and purchase Bankers' Acceptances from, the Canadian Borrower and (ii) the issuance of Canadian Letters of Credit for the account of the Canadian Borrower, the U.S. Borrower hereby absolutely, unconditionally and irrevocably guarantees in favor of all of the Canadian Lenders, the punctual payment and performance when due, whether at stated maturity, by acceleration or otherwise, of the Canadian Obligations and all covenants of the Canadian Borrower, now or hereafter existing under this Agreement and the other Loan Documents to which the Canadian Borrower is a party, whether for principal, interest (including interest accruing or becoming owing both prior to and subsequent to the commencement of any proceeding against or with respect to the Canadian Borrower under any applicable Bankruptcy Code, fees, commissions, expenses (including reasonable attorneys' fees and expenses) or otherwise (all such obligations being the "Canadian Borrower Guaranteed Obligations"). The U.S. Borrower agrees to pay any and all expenses incurred by each Canadian Lender and the Canadian Agent in enforcing this U.S. Borrower Guaranty against the U.S. Borrower.

Us Borrower Guaranty. (a) In consideration of, and in order to induce the (i) Canadian Lenders to make Canadian Loans to, and to accept and purchase Bankers' Acceptances from, the Canadian Borrower and (ii) the issuance of Canadian Letters of Credit for the account of the Canadian Borrower, the U.S. Borrower hereby absolutely, unconditionally and irrevocably guarantees in favor of all of the Canadian Lenders, the punctual

Us Borrower Guaranty. (a) In order to induce the Lenders to extend credit to the Dutch Borrower hereunder, the US Borrower hereby absolutely and irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Dutch Borrower’s obligations hereunder and the Specified Ancillary Obligations (collectively, the “Guaranteed Obligations”). The US Borrower further agrees that the due and punctual payment of any of the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Guaranteed Obligation. The US Borrower hereby irrevocably and unconditionally agrees that if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal, it will, as an independent and primary obligation, indemnify the Administrative Agent, any Issuing Bank and the Lenders immediately on demand against any cost, loss or liability they incur as a result of any other Loan Party or a Subsidiary or any of its Affiliates not paying any amount which would, but for such unenforceability, invalidity or illegality, have been payable by the US Borrower under this Article X on the date when it would have been due (but so that the amount payable by the US Borrower under this indemnity will not exceed the amount which it would have had to pay under this Article X if the amount claimed had been recoverable on the basis of a guarantee). (a) The US Borrower waives presentment to, demand of payment from and protest to any Borrower of any of the Guaranteed Obligations, and also waives notice of acceptance of its obligations and notice of protest for nonpayment. The obligations of the US Borrower hereunder shall not be affected by (a) the failure of the Administrative Agent, any Issuing Bank, the Swingline Lender or any Lender to assert any claim or demand or to enforce any right or remedy against any Borrower under the provisions of this Agreement, any other Loan Document or otherwise; (b) any extension or renewal of any of the Guaranteed Obligations; (c) any rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement, or any other Loan Document or agreement; (d) any default, failure or delay, willful or otherwise, in the performance of any of the obligations hereunder; (e) the failure of the Administrative Agent to take an...

Us Borrower Guaranty. (a) In consideration of, and in order to induce the Lenders to make Loans to the Subsidiary Borrowers, the U.S. Borrower hereby absolutely, unconditionally and irrevocably guarantees in favor of all of the Lenders, the punctual payment and performance when due, whether at stated maturity, by acceleration or otherwise, of the Subsidiary Borrower Obligations and all covenants of the Subsidiary Borrowers, now or hereafter existing under this Agreement and the other Loan Documents to which any Subsidiary Borrower is a party, whether for principal, interest (including interest accruing or becoming owing both prior to and subsequent to the commencement of any proceeding against or with respect to such Subsidiary Borrower under any applicable Bankruptcy Code, fees, commissions, expenses (including reasonable attorneys' fees and expenses)), indemnities, or otherwise (all such obligations being, as applicable, the "Guaranteed Obligations"). The U.S. Borrower agrees to pay any and all expenses incurred by each Lender and the Administrative Agent in enforcing this U.S. Borrower Guaranty against the U.S. Borrower.

Us Borrower Guaranty