Common use of CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE Clause in Contracts

CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE. Guarantor further agrees that its guarantee constitutes a continuing guarantee of payment and performance when due, and not of collection, and Guarantor further waives any right to require that any resort be had by Seller to any security.

Appears in 2 contracts

Samples: Interconnection Agreement (Southern Energy Inc), Interconnection Agreement (Potomac Electric Power Co)

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CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE. Guarantor further agrees that its guarantee constitutes a continuing guarantee of payment and performance when due, due and not of collection, and Guarantor further waives any right to require that any resort be had by Seller to any security.

Appears in 1 contract

Samples: Agreement (Orion Power Holdings Inc)

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CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE. Guarantor further agrees that its guarantee constitutes a continuing guarantee of payment and performance when due, and not of collection, and Guarantor further waives any right to require that any resort be had by any Seller or Sellers to any security.

Appears in 1 contract

Samples: Guarantee Agreement (Ch Energy Group Inc)

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