Examples of Additional Guaranteed Obligations in a sentence
To the extent permitted by applicable law, each of the Additional Guarantors waives any defense based on or arising out of any defense of the Company or any other Guarantor or the unenforceability of the Additional Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Company, other than final and indefeasible payment in full in cash of the Additional Guaranteed Obligations.
To the fullest extent permitted by applicable law, each of the Additional Guarantors waives presentment to, demand of payment from and protest of any of the Additional Guaranteed Obligations, and also waives notice of acceptance of its Additional Guarantee and notice of protest for nonpayment.
Each of the Additional Guarantors further agrees that its Additional Guarantee constitutes a guarantee of payment when due and not of collection, and waives any right to require that any resort be had by the Trustee or any Holder of the Securities to the security, if any, held for payment of the Additional Guaranteed Obligations.
If the Company shall fail to pay when due, or to perform, any Additional Guaranteed Obligations, for whatever reason, each Additional Guarantor shall be obligated to pay, or to perform or cause the performance of, the same immediately.
The Borrower hereby guarantees any Additional Guaranteed Obligations (determined before giving effect to Sections 4.01 and 4.07) under the Guaranty.