Common use of Absolute and Continuing Guaranty Clause in Contracts

Absolute and Continuing Guaranty. The obligations of Guarantor under this Guaranty shall be absolute, continuing, unconditional and irrevocable and this Guaranty shall remain in full force and effect until such time as all of the Obligations are finally paid, performed and observed in full. The obligations of Guarantor set forth herein constitute the full recourse obligations of Guarantor enforceable against it to the full extent of all its assets and properties, notwithstanding any provision in the Lease or any other Operative Documents limiting the liability of any Beneficiary or any other Person.

Appears in 4 contracts

Samples: Common Terms Agreement (Airtran Airways Inc), Common Terms Agreement (Airtran Airways Inc), Common Terms Agreement (Kitty Hawk Inc)

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Absolute and Continuing Guaranty. The obligations of Guarantor under this Guaranty shall be absolute, continuing, unconditional and irrevocable and this Guaranty shall remain in full force and effect until such time as all of the Obligations are finally paid, paid and performed and observed in full. The obligations of Guarantor set forth herein constitute the full recourse obligations of Guarantor enforceable against it to the full extent of all its assets and properties, notwithstanding any provision in the Lease or any other Operative Documents limiting the liability of any Guaranty Beneficiary or any other Person.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Copa Holdings, S.A.)

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