Principal Obligation. Each obligation of each Guarantor hereunder constitutes a principal, and not a secondary or ancillary obligation, to the intent that, without limiting in any way the operation of any of the other provisions of this clause 20, any limitation on the liability of a Guarantor which would otherwise arise by reason of its status as a Guarantor, co-Guarantor, indemnifier or co-indemnifier is hereby negatived.
Principal Obligation. This deed of guarantee will:
Principal Obligation. FOR VALUE RECEIVED, SUNVALLEY SOLAR, INC., a Nevada corporation (“Maker”), promises to pay to GXXXXXX XXXXXX (“Holder”) the principal sum of U.S. Ninety Thousand Dollars (US $90,000).
Principal Obligation. 4.4 This guarantee shall be a principal obligation and shall be treated as in addition to and not in substitution for or collateral to any other security or right which the Supervisor may have under or by virtue of this Deed and in particular shall be independent of any other security to the intent that this guarantee may be enforced against each Guaranteeing Subsidiary without first having recourse to any such securities or rights and without taking steps or proceedings against FSSI or any other guarantor (including any Guaranteeing Subsidiary) and notwithstanding that any other security may be in whole or part unenforceable by reason of any rule of law or equity and notwithstanding the loss by the Supervisor of any other security or any acts or omissions on the part of the Supervisor, and irrespective of whether any steps or proceedings are being or have been taken against any other Guaranteeing Subsidiary (whether in its capacity as a guarantor or otherwise) and for any other person. Continuing Guarantee
Principal Obligation. 21.1 This Agreement is enforceable against the Guarantor:
Principal Obligation. No provision of this Note shall alter or impair the obligation of the Corporation, which is absolute and unconditional , to pay the principal of and interest on this Note at the place, at the respective times, at the rate, and in the currency herein prescribed.
Principal Obligation. Between the Guarantor and the Seller, the Guarantor is a primary debtor and contracts jointly and severally with the Buyer.
Principal Obligation. This Clause 18 shall:
Principal Obligation. The Guarantors’ guarantee is a principal obligation and a continuing guarantee and will not be affected by any act or omission by either of us and will be binding on the Guarantors despite any irregularity in this guarantee or its execution.
Principal Obligation. The indemnity provided by the Guarantor in this Agreement shall be a principal obligation and may be enforced against the Guarantor without any responsibility or obligation on the part of the Company to proceed against the Client or any other person.
