Common use of Guarantors’ Obligations Absolute Clause in Contracts

Guarantors’ Obligations Absolute. The obligations, covenants, agreements and duties of each Guarantor hereunder (a) shall be primary obligations of such Guarantor, (b) are absolute, unconditional and irrevocable, (c) shall remain in full force and effect and shall not be discharged, limited, impaired, reduced or terminated in any way by any circumstance or condition whatsoever (whether or not such Guarantor or Charterers shall have any knowledge or notice thereof) except by payment and performance in full of the Guaranteed Obligations, (d) shall constitute a guaranty of payment, performance and discharge and not of collection and (e) shall be joint and several with any other Guarantor. In addition, the foregoing obligations, covenants, agreements and duties shall not be subject to any counterclaim, crossclaim, set off, deduction, withholding, diminution, abatement, recoupment, suspension, deferment, reduction or defense for any reason whatsoever and no Guarantor shall have any right to terminate this Guarantee or to be released, relieved or discharged from any of its obligations, covenants, agreements and duties hereunder for any reason whatsoever (whether or not such Guarantor or Charterers shall have any knowledge or notice thereof), including, without limitation:

Guarantors’ Obligations Absolute. The obligations, covenants, agreements and duties of each Guarantor hereunder (a) shall be primary obligations of such Guarantor, (b) are absolute, unconditional and irrevocable, (c) shall remain in full force and effect and shall not be discharged, limited, impaired, reduced or terminated in any way by any circumstance or condition whatsoever (whether or not such Guarantor or Charterers Charterer shall have any knowledge or notice thereof) except by payment and performance in full of the Guaranteed Obligations, Obligations and (d) shall constitute a guaranty of payment, performance and discharge and not of collection and (e) shall be joint and several with any other Guarantorcollection. In addition, the foregoing obligations, covenants, agreements and duties shall not be subject to any counterclaim, crossclaim, set off, deduction, withholding, diminution, abatement, recoupment, suspension, deferment, reduction or defense for any reason whatsoever and no Guarantor shall have any no right to terminate this Guarantee or to be released, relieved or discharged from any of its obligations, covenants, agreements and duties hereunder for any reason whatsoever (whether or not such Guarantor or Charterers Charterer shall have any knowledge or notice thereof), including, without limitation:

Guarantors’ Obligations Absolute. The obligations, covenants, agreements and duties of each Guarantor hereunder (a) shall be primary obligations of such Guarantor, (b) are absolute, unconditional and irrevocable, (c) shall remain in full force and effect and shall not be discharged, limited, impaired, reduced or terminated in any way by any circumstance or condition whatsoever (whether or not such Guarantor or Charterers Charterer shall have any knowledge or notice thereof) except by payment and performance in full of the Guaranteed Obligations, (d) shall constitute a guaranty of payment, performance and discharge and not of collection collection, and (e) shall be joint and several with any other Guarantor. In addition, the foregoing obligations, covenants, agreements and duties shall not be subject to any counterclaim, crossclaim, set off, deduction, withholding, diminution, abatement, recoupment, suspension, deferment, reduction or defense for any reason whatsoever and whatsoever, no Guarantor shall have any right to terminate this Guarantee or to be released, relieved or discharged from any of its obligations, covenants, agreements and duties hereunder for any reason whatsoever (whether or not such Guarantor or Charterers Charterer shall have any knowledge or notice thereof), including, without limitation: