Common use of Additional Obligation Clause in Contracts

Additional Obligation. As a separate, additional, continuing and primary obligation, the Guarantor, unconditionally and irrevocably, undertakes to EFPL to indemnify EFPL on an after tax basis on demand against any and all losses, actions, claims, proceedings, liabilities, expenditure or costs suffered or incurred by EFPL as a result of either Purchaser's failure to observe and perform properly and punctually all of its obligations under the Transaction Documents, the Contracts or any documents relating to the Property (including (but not limited to) by reason of the obligations of either Purchaser under the Transaction Documents, the Contracts or in relation to the Property being or becoming void, voidable, unenforceable or otherwise invalid under any applicable law).