Examples of Vendor Guarantor in a sentence
The obligations of the Vendor Guarantor under this Clause 9.1 are primary obligations and not those of a mere surety.
The Vendor Guarantor shall pay to the Purchaser from time to time on demand a sum of money which the Vendor is at any time liable to pay to the Purchaser under or pursuant to this Agreement and which has not been paid at the time the demand is made.
If an obligation of the Vendor is void, voidable or unenforceable for any reason, the obligations of the Vendor Guarantor under this Clause 9.1 are unaffected and the Vendor Guarantor shall perform the Vendor's obligations as if it were primarily liable for the performance.
In addition, so long as the Vendor Guaranty is in effect, Borrower shall provide to Vendor Guarantor (concurrently with providing such information to Administrative Agent), copies of all information, reports, certificates and other documents set forth in Subsections (A) thorough (G), (I) and (L) below, and so long as any Event of Default exists, copies of all information or data delivered to Administrative Agent pursuant to Subsection (M) below.
Notwithstanding the foregoing, in no event may the Borrower make such a distribution or payment (i) while the guaranty from the Vendor Guarantor is in effect, or (ii) when there is unpaid any due installment of principal and/or interest on the Note or if the Borrower is otherwise in material default of any provision of this Agreement or would be in material default hereunder as a result of such distribution or payment.