Common use of Guarantee Unconditional Clause in Contracts

Guarantee Unconditional. The Parent hereby agrees that its obligations hereunder shall be absolute and unconditional, irrespective of, and shall be unaffected by: any invalidity, irregularity, illegality or unenforceability of any Note, any incapacity or lack or limitations of powers, authority of the Issuer or of the Issuer’s directors, officers, employees, agents or representatives; any failure to enforce the provisions of any Note; any waiver, modification, releases, discharges or indulgence granted to the Issuer with respect thereto, by the holder of any Note; the entry of any judgment against the Issuer; the initiation or pendency of any proceedings with respect to the Issuer under any applicable bankruptcy, liquidation, insolvency, reorganization or other similar law; or any other circumstance that may otherwise constitute a legal defense of, or equitable discharge to, the Parent; provided, however, that no such waiver, modification or indulgence shall, without the consent of the Parent, increase the principal of any Note, or increase the premium, if any, or the interest rate thereon or alter the maturity date thereof.

Guarantee Unconditional. The Parent Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional, irrespective of, and shall be unaffected by: any invalidity, irregularity, illegality or unenforceability of any Noteseries of Notes, any incapacity or lack or limitations of powers, authority of the Issuer Issuers or of the Issuer’s Issuers’ directors, officers, employees, agents or representatives; any failure to enforce the provisions of any Noteof the Notes; any waiver, modification, releasesrelease, discharges discharge or indulgence granted to the Issuer Issuers with respect thereto, by the holder of any Noteof the Notes; the entry of any judgment against the IssuerIssuers; the initiation or pendency of any proceedings with respect to the Issuer Issuers under any applicable bankruptcy, liquidation, insolvency, reorganization or other similar law; or any other circumstance that may otherwise constitute a legal defense of, or equitable discharge to, the ParentParent Guarantor; provided, however, that no such waiver, modification or indulgence shall, without the consent of the ParentParent Guarantor, increase the principal of any Note, or increase the premium, if any, or the interest rate thereon or alter the maturity date thereof.

Guarantee Unconditional. The Parent Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional, irrespective of, and shall be unaffected by: any invalidity, irregularity, illegality or unenforceability of any Note, any incapacity or lack or limitations of powers, authority of the Issuer Existing Obligors or of the Issuer’s Existing Obligors’ directors, officers, employees, agents or representatives; any failure to enforce the provisions of any Noteof the Notes; any waiver, modification, releasesrelease, discharges discharge or indulgence granted to the Issuer Existing Obligors with respect thereto, by the holder of any Noteof the Notes; the entry of any judgment against the IssuerExisting Obligors; the initiation or pendency of any proceedings with respect to the Issuer Existing Obligors under any applicable bankruptcy, liquidation, insolvency, reorganization or other similar law; or any other circumstance that may otherwise constitute a legal defense of, or equitable discharge to, the ParentParent Guarantor; provided, however, that no such waiver, modification or indulgence shall, without the consent of the ParentParent Guarantor, increase the principal of any Note, or increase the premium, if any, or the interest rate thereon or alter the maturity date thereof.

Guarantee Unconditional. The Parent Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional, irrespective of, and shall be unaffected by: any invalidity, irregularity, illegality or unenforceability of any NoteDebenture, any incapacity or lack or limitations of powers, authority of the Issuer Existing Obligors or of the Issuer’s Existing Obligors’ directors, officers, employees, agents or representatives; any failure to enforce the provisions of any Notethe Debentures; any waiver, modification, releasesrelease, discharges discharge or indulgence granted to the Issuer Existing Obligors with respect thereto, by the any holder of any Notethe Debentures; the entry of any judgment against the IssuerExisting Obligors; the initiation or pendency of any proceedings with respect to the Issuer Existing Obligors under any applicable bankruptcy, liquidation, insolvency, reorganization or other similar law; or any other circumstance that may otherwise constitute a legal defense of, or equitable discharge to, the ParentParent Guarantor; provided, however, that no such waiver, modification or indulgence shall, without the consent of the ParentParent Guarantor, increase the principal of any NoteDebenture, or increase the premium, if any, or the interest rate thereon or alter the maturity date thereof.