Examples of Purchaser Obligations in a sentence
In the event that Purchaser fails in any manner whatsoever to pay, perform or observe any of the Purchaser Obligations, Parent will duly and promptly pay, perform or observe, as the case may be, the Purchaser Obligations, or cause the same to be duly and promptly paid, performed or observed, in each case as if Parent were itself Purchaser with respect to the Purchaser Obligations.
Parent covenants that this guaranty made under this Section 8.14 will not be discharged except by complete performance of all Purchaser Obligations; provided, however, in no event shall the Purchaser Obligations guaranteed by Parent pursuant to this Section 8.14 exceed $3,000,000.00 plus the Deposit.
The Guarantor acknowledges and agrees that, with respect to all Purchaser Obligations to pay money, such guaranty shall be a guaranty of payment and not of collection and shall not be conditioned or contingent upon the pursuit of any remedies against PIMCO.
Each of the Bond Note and the Purchaser Note has been duly issued under the Master Trust Indenture, in the case of the Bond Note, evidences and secures the obligations of the Corporation under the Loan Agreement and, in the case of the Purchaser Note, evidences and secures the Purchaser Obligations, and each is on a parity with all outstanding Master Notes issued or incurred thereunder.
The Company may seek remedies directly from Purchaser Guarantor with respect to the Purchaser Obligations without first seeking or exhausting its remedies against Purchaser.