Guarantors' Guarantee Clause Samples
The Guarantors' Guarantee clause establishes that one or more parties (the guarantors) promise to fulfill the obligations of another party if that party fails to do so. In practice, this means that if the primary debtor defaults on a loan or contractual duty, the guarantors are legally required to step in and satisfy those obligations, such as repaying a debt or performing a service. This clause provides assurance to the beneficiary (often a lender or contracting party) that they will receive what is owed, thereby reducing the risk of non-payment or non-performance.
Guarantors' Guarantee. For value received, each of the Guarantors, in accordance with this Article Ten, hereby absolutely, unconditionally and irrevocably guarantees, jointly and severally, to the Trustee and the Holders, as if the Guarantors were the principal debtor, the punctual payment and performance when due of all Indenture Obligations (which for purposes of this Guarantee shall also be deemed to include all commissions, fees, charges, costs and other expenses (including reasonable legal fees and disbursements of one counsel) arising out of or incurred by the Trustee or the Holders in connection with the enforcement of this Guarantee).
Guarantors' Guarantee. For value received, each of the Guarantors, in accordance with this Article Fourteen, hereby absolutely, unconditionally and irrevocably guarantees, jointly and severally, to the Trustee and the Holders, as if the Guarantors were the principal debtor, the punctual payment and performance when due of all Indenture Obligations (which for purposes of this Guarantee shall also be deemed to include all commissions, fees, charges, costs and other expenses (including reasonable legal fees and disbursements of one counsel in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances) arising out of or incurred by the Trustee or the Holders in connection with the enforcement of this Guarantee).
Guarantors' Guarantee. For value received, each of the Guarantors, in accordance with this Article Thirteen, hereby absolutely, fully, unconditionally and irrevocably guarantees, jointly and severally with each other and with each other Person which may become a Guarantor hereunder, to the Trustee and the Holders, as if the Guarantors were the principal debtor, the punctual payment and performance when due of all Indenture Obligations (which for purposes of this Guarantee shall also be deemed to include all commissions, fees, charges, costs and other expenses (including reasonable legal fees and disbursements of one counsel) arising out of or incurred by the Trustee or the Holders in connection with the enforcement of this Guarantee).
Guarantors' Guarantee. (a) The Guarantors hereby jointly and severally, irrevocably and unconditionally guarantee, on an unsecured and unsubordinated basis, to the Holders from time to time of the Securities and to the Trustee, for itself and on behalf of each Holder, the full and punctual payment (whether at stated maturity, upon acceleration, redemption or otherwise) of the principal of, premium, if any, on and interest on the Securities (including interest on overdue principal and, to the extent permitted by applicable law, on overdue interest) and the Redemption Price, if applicable and the full and punctual payment of all other amounts payable by the Issuer and performance of obligations of each Issuer under this Indenture or the Securities. Upon failure by an Issuer to pay punctually any such amount, the Guarantors shall forthwith on demand pay the amount not so paid at the place and in the manner specified in the Securities and this Indenture. The Guarantors agree that this is a guarantee of payment and not a guarantee of collection.
(b) The Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Issuer for winding-up, liquidation, reorganization, or for the appointment of an examiner, should the Issuer become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the Issuer’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of any such Security is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on any such Security, whether as a “voidable preference,” “fraudulent transfer,” unfair preference, improper transfer or otherwise, all as though such payment or performance had not been made.
Guarantors' Guarantee. For value received, each of the Guarantors, in accordance with this Article Fourteen, hereby absolutely, fully, unconditionally and irrevocably guarantees, jointly and severally with each other and with each other Person which may become a Guarantor hereunder, to the Trustee and the Holders, as if the Guarantors were the principal debtor, the punctual payment and performance when due of all Indenture Obligations (which for purposes of this Guarantee shall also be deemed to include all fees, expenses and indemnities owed to the Trustee under Section 6.7).
Guarantors' Guarantee. The Guarantor hereby guarantees by way of an independent promise of guarantee pursuant to Clause 311 para. 1 BGB the proper fulfilment of all of the obligations of the Purchaser pursuant to this Agreement, in particular, but not limited to, the payment of the Purchase Price and the Sellers' Loan and Private Accounts Purchase Price to the Seller.
Guarantors' Guarantee. The Guarantors hereby guarantee the full and punctual performance and discharge, when due, without demand therefor, of the Obligations (as defined in SECTION 3 below) of BHG under the Agreements. This Guaranty is secured by a pledge of certain collateral by IHO pursuant to a Security Agreement dated the date hereof and agreed to between IHO and ECS.
Guarantors' Guarantee. Section 10.02.
Guarantors' Guarantee. For value received, the Guarantor, in accordance with this Article 12, hereby irrevocably guarantees, on a senior subordinated basis, to the Trustee and the Holders, as if the Guarantor was the principal debtor, the punctual payment and performance when due of all Indenture Obligations (which for purposes of this Guarantee shall also be deemed to include all commissions, fees, charges, costs and other expenses (including reasonable legal fees and disbursements of counsel) arising out of or incurred by the Trustee in connection with the enforcement of this Guarantee).
Guarantors' Guarantee. The Guarantor unconditionally and irrevocably guarantees to WCRI the full and prompt payment of all amounts due and owing by the Member to WCRI, including but not limited to housing charges, and any other charges or fees incurred by the Member during the term of occupancy.
