Common use of Nature and Term of Guaranty Clause in Contracts

Nature and Term of Guaranty. The obligations of each Guarantor under this Section Nine shall be independent, absolute, irrevocable and unconditional and shall remain in full force and effect until the Obligations and all other amounts payable hereunder shall have been paid in full (subject, however, to reinstatement under Paragraph 9.2 hereof).

Appears in 2 contracts

Samples: Note Purchase Agreement (Sunsource Inc), Note Purchase Agreement (Sunsource Inc)

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Nature and Term of Guaranty. The obligations of each Guarantor under this Section Nine Eleven shall be independent, absolute, irrevocable and unconditional and shall remain in full force and effect until the Obligations and all other amounts payable hereunder shall have been paid in full (subject, however, to reinstatement under Paragraph 9.2 11.2 hereof).

Appears in 2 contracts

Samples: Credit Agreement (Sunsource Inc), Credit Agreement (Sunsource Inc)

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