Group Guarantee Clause Samples

Group Guarantee. The Borrower shall cause each present and future Restricted Subsidiary to enter into, or accede to, the Group Guarantee, such that such Person guarantees in favour of the Administrative Agent, for the benefit of the Secured Parties, all Secured Liabilities. The obligation of a Person to accede to the Group Guarantee shall arise as soon as reasonably practicable after such Person becomes a Restricted Subsidiary. For the avoidance of doubt, any Person other than a Restricted Subsidiary may accede to the Group Guarantee and in so doing become a Credit Party.

Group Guarantee. (a) Group hereby unconditionally guarantees to the Sellers the due and punctual payment of all payments which the Purchaser is obligated to make under this Agreement and the timely performance by the Purchaser of all its obligations under this Agreement (the "Group Guarantee"). In case of the failure of the Purchaser punctually to make any such payment or to timely perform any such obligation, Group hereby agrees to cause any such payment to be made punctually when and as the same shall become due and payable, and to cause the timely performance of any such obligations, all in accordance with the terms of this Agreement. (b) Group hereby agrees that its guaranty obligations under this Group Guarantee shall be continuing, irrevocable, absolute and unconditional, and shall remain in full force and effect until all of the obligations of the Purchaser under this Agreement have been completely discharged, irrespective of (1) the extension by the Sellers of the time for payment or performance by the Purchaser or Group of any of their obligations arising under this Agreement, or this Group Guarantee, respectively;