Pride Guarantee Sample Clauses

Pride Guarantee. (a) Pride hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, to each Holder and to the Trustee and its successors and assigns (i) the full and punctual payment when due, whether at Stated Maturity, by acceleration, by redemption or otherwise, of all obligations of the Issuer under this Indenture (including obligations to the Trustee), the Secured Notes and the Security Agreements, whether for payment of principal of, and premium, if any, and interest (including Additional Amounts, if any, and Special Interest, if any) on, the Secured Notes and all other monetary obligations of the Issuer under this Indenture, the Secured Notes and the Security Agreements and (ii) the full and punctual performance within applicable grace periods of all other obligations of the Issuer whether for fees, expenses, indemnification or otherwise under this Indenture, the Secured Notes and the Security Agreements (all the foregoing being hereinafter collectively called the "Guaranteed Obligations"). Pride further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from Pride, and that Pride shall remain bound under this Article XIII notwithstanding any extension or renewal of any Guaranteed Obligation.