Telvent GIT Guaranty Clause Samples

Telvent GIT Guaranty. Telvent hereby unconditionally and irrevocably guarantees, to and for the benefit of Sellers and the Company, the full and timely performance by Buyer of its obligation to comply with any of its payment obligations pursuant to Article IX of this Agreement. Telvent agrees to make any such payments in accordance with this Agreement as if such obligation were the direct contractual obligation of Telvent, and Telvent hereby waives any defense (a) that may arise by reason of the lack of capacity, power or authority of Buyer or Telvent and (b) that may arise by reason of any failure or lack of demand, presentment, protest or notice of any kind. For the avoidance of doubt, this Section 9.13 is a guarantee of payment and not of collection and shall be subject to the provisions contained in Article XII, including but not limited to the provisions of Section 12.6.