Purchaser Guarantor Sample Clauses
The Purchaser Guarantor clause establishes that a third party, typically affiliated with the purchaser, guarantees the purchaser’s obligations under the agreement. In practice, this means that if the purchaser fails to fulfill payment or performance requirements, the guarantor is legally responsible for meeting those obligations. This clause provides the seller with additional security and assurance that contractual commitments will be honored, thereby reducing the risk of non-performance or default by the purchaser.
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Purchaser Guarantor. (A) The Purchaser Guarantor irrevocably and unconditionally guarantees to the Vendor the due and punctual performance of all the obligations of the Purchaser contained in this Agreement and the Purchaser Documents and shall pay to the Vendor from time to time on demand any sum of money which the Purchaser shall at any time be liable to pay to the Vendor under or pursuant to this Agreement and the Purchaser Documents and which has not been paid at the time the demand is made. The obligations of the Purchaser Guarantor in this clause 10.2(A) are primary obligations and not a mere surety and shall not be affected by any of the obligations of Purchaser being void, voidable or unenforceable for any reason and in such event the Purchaser Guarantor shall perform the obligations of the Purchaser as if it were primarily liable for the performance.
(B) The obligations of the Purchaser Guarantor pursuant to clause 10.2(A) shall be continuing obligations and shall not be satisfied, discharged or affected by any intermediate payment or settlement of account or any change in the constitution or control of, or the insolvency of, or any bankruptcy, winding up or analogous proceedings relating to, the Purchaser.
(C) The liability of the Purchaser Guarantor pursuant to clause 10.2(A) shall not be affected by any arrangement which the Purchaser may make with the Vendor or with any other person which (but for this clause 10.2(C)) might operate to diminish or discharge the liability of or otherwise provide a defence to a surety. Without prejudice to the generality of the foregoing, the Vendor is to be at liberty at any time and without reference to the Purchaser Guarantor to grant any time for payment or grant any other indulgence or agree to any amendment, variation, waiver or release in respect of any of the obligations of the Purchaser under this Agreement or the Purchaser Documents and to give up, deal with, vary, exchange or abstain from perfecting or enforcing any other securities or guarantees held by the Vendor at any time and to discharge any party to such securities or guarantees and to realise such securities or guarantees or any of them, as the Vendor thinks fit, and to compound with, accept compositions from and make any other arrangements with the Purchaser or any person or persons liable on other securities or guarantees held or to be held by the Vendor without affecting the liability of the Purchaser Guarantor under clause 10.2(A).
(D) So long as the Purchaser ...
Purchaser Guarantor. The Purchaser Guarantor hereby guarantees to the Sellers payment and performance by the Purchaser of its obligations under this Agreement.
Purchaser Guarantor. Purchaser Guarantor has long term senior unsecured debt outstanding (being senior unsecured debt with a maturity of no less than one (1) year from the date on which such debt was incurred) rated not less than Investment Grade by two of S&P, Fitch and ▇▇▇▇▇’▇, or an equivalent issuer rating. “
Purchaser Guarantor. Purchaser Guarantor hereby irrevocably and unconditionally guarantees to the Sellers the prompt and complete performance by Purchaser of all of Purchaser’s obligations and covenants required by this Agreement, including the due and punctual payment of all amounts which are or may become due and payable by Purchaser hereunder, including any Earn-out Payment provided for pursuant to Exhibit A, when and as the same shall become due and payable (collectively, the “Purchaser Obligations”), in accordance with the terms hereof. Purchaser Guarantor acknowledges and agrees that, with respect to all Purchaser Obligations to pay money, such guaranty shall be a guaranty of payment and performance and not of collection and shall not be released, discharged, mitigated, impaired or affected by:
Purchaser Guarantor. The Purchaser Guarantor guarantees as for its own debt (såsom för egen skuld) the proper fulfilment of all of the obligations of the Purchaser and/or any Nominated Entity pursuant to this Agreement and the Tax Covenant and the correct performance of any and all obligations that the Purchaser and/or any Nominated Entity will have in relation to the Sellers or any other member of the P7S1 Group under or in connection with this Agreement and the Tax Covenant, including, but not limited to, the payment of the Total Purchase Price, the Break-up Fee and any claims for damages by the Sellers resulting from any breach of the Purchaser's and/or any Nominated Entity's obligations under this Agreement and the Tax Covenant. The Purchaser Guarantor hereby waives any rights which it may have to require the Sellers to first proceed against or claim payment, if any, from Purchaser and/or any Nominated Entity to the effect that the Purchaser, any Nominated Entity and the Purchaser Guarantor shall be liable jointly and severally under this Section 17.
Purchaser Guarantor. Subject to and effective only upon ------------------- its receipt of the approval of the South African Reserve Bank, Purchaser Guarantor agrees to cause Purchaser to comply with Purchaser's obligations hereunder until the Closing. As of and effective automatically upon the Closing, Purchaser Guarantor shall be released from all obligations and liabilities under this Agreement . Purchaser Guarantor agrees to use its commercially reasonable efforts to obtain the requisite approval of the South African Reserve Bank as promptly as possible.
Purchaser Guarantor. In consideration of the Seller entering into this Agreement, the Purchaser Guarantor (as principal obligor and not merely as a surety) unconditionally and irrevocably guarantees as a continuing obligation the proper performance by the Purchaser of all its obligations under or pursuant to this Agreement.
Purchaser Guarantor