Common use of The Guaranteed Obligations Clause in Contracts

The Guaranteed Obligations. (a) The Guarantor hereby irrevocably, absolutely and unconditionally guarantees, as primary obligor and not merely as surety, to the Guaranteed Creditors the full and prompt payment when due (whether upon maturity, acceleration or otherwise) of any and all of the Guaranteed Obligations of the Borrower. If any or all of the Guaranteed Obligations of the Borrower to the Guaranteed Creditors becomes due and payable hereunder, the Guarantor hereby irrevocably, absolutely and unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, in Dollars, together with any and all expenses which may be incurred by the Guaranteed Creditors in collecting any of the Guaranteed Obligations (including, without limitation, the payment of any stamp taxes). The Guarantor understands, agrees and confirms that the Guaranteed Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Guarantor without proceeding against the Borrower, against any security for the Guaranteed Obligations (to the extent applicable) or against any other guarantor under any other guaranty covering the Guaranteed Obligations. This Guaranty shall constitute a guaranty of payment and not of collection.

The Guaranteed Obligations. (a) The Guarantor Each Guarantor, jointly and severally, hereby irrevocably, absolutely irrevocably and unconditionally guaranteesguarantees (such guaranty, as primary obligor and not merely as surety, to the Guaranteed Creditors a “Guaranty”) the full and prompt payment when due (whether upon maturity, by acceleration or otherwise) of the principal of and interest on any Note issued under this Agreement and of all of the Guaranteed Obligations of the Borrower. If any or all of the Guaranteed Obligations of the Borrower to the Guaranteed Creditors becomes due other obligations and payable hereunder, the Guarantor hereby irrevocably, absolutely and unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, in Dollars, together with any and all expenses which may be incurred by the Guaranteed Creditors in collecting any of the Guaranteed Obligations liabilities (including, without limitation, indemnities, fees and interest thereon) of the payment Borrower now existing or hereafter incurred under, arising out of or in connection with this Agreement or any stamp taxesother Loan Document and the due performance and compliance with the terms of the Loan Documents by the Borrower (all such principal, interest, obligations and liabilities, collectively, the “Guaranteed Obligations”). The Each Guarantor understands, agrees and confirms that the Guaranteed Creditors Lenders may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Guarantor it without proceeding against the Borrower, against any security for the Guaranteed Obligations (to the extent applicable) or against any other guarantor Guarantor under any other guaranty covering the Guaranteed Obligations. Each of the Guarantors irrevocably and unconditionally promises to pay such Guaranteed Obligations to the Lenders, on demand, in Dollars, on the same basis as payments by the Borrower are required to be made under Sections 2.09(a), 2.10(a) and 2.10(b). Each Guarantor hereby represents and acknowledges that based on the business, corporate, legal and financial relations it maintains with the Borrower, it is in its best interest to enter into this Agreement as joint obligor of the Borrower regarding all of the Borrower’s obligations hereunder and to subscribe as an “aval” to any Note. This Guaranty shall constitute a guaranty of payment and not of collection.

The Guaranteed Obligations. (a) The Guarantor hereby irrevocablyIn order to induce the Lenders to enter into this Agreement and extend credit hereunder, absolutely each of the Initial Guarantors irrevocably and unconditionally guarantees, as primary obligor on a joint and not merely as suretyseveral basis, to the Guaranteed Creditors the full and prompt payment when due (whether upon maturity, by acceleration or otherwise) of the principal of and interest on any Note issued under this Agreement and of all of the Guaranteed Obligations of the Borrower. If any or all of the Guaranteed Obligations of the Borrower to the Guaranteed Creditors becomes due other obligations and payable hereunder, the Guarantor hereby irrevocably, absolutely and unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, in Dollars, together with any and all expenses which may be incurred by the Guaranteed Creditors in collecting any of the Guaranteed Obligations liabilities (including, without limitation, indemnities, Fees and interest thereon) of the payment Borrower now existing or hereafter incurred under, arising out of or in connection with this Agreement or any stamp taxesother Credit Document and the due performance and compliance with the terms of the Credit Documents by the Borrower (all such principal, interest, obligations and liabilities, collectively, the "Guaranteed Obligations"). The Guarantor Each of the Initial Guarantors understands, agrees and confirms that the Guaranteed Creditors Lenders may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Guarantor Initial Guarantors without proceeding against the Borrower, against any security for the Guaranteed Obligations (to the extent applicable) or against any other guarantor Guarantor under any other guaranty Guaranty covering the Guaranteed Obligations. Each of the Initial Guarantors irrevocably and unconditionally promises, on a joint and several basis, to pay such Guaranteed Obligations to the Lenders, on demand, in Dollars. This Guaranty shall constitute a guaranty of payment and not of collection. All obligations of the Initial Guarantors hereunder shall be joint and several.

The Guaranteed Obligations. (a) The Guarantor Each Guarantor, jointly and severally, hereby irrevocably, absolutely irrevocably and unconditionally guaranteesguarantees (such guaranty, as primary obligor and not merely as surety, to the Guaranteed Creditors a "Guaranty") the full and prompt payment when due (whether upon maturity, by acceleration or otherwise) of the principal of and interest on any Note issued under this Agreement and of all of the Guaranteed Obligations of the Borrower. If any or all of the Guaranteed Obligations of the Borrower to the Guaranteed Creditors becomes due other obligations and payable hereunder, the Guarantor hereby irrevocably, absolutely and unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, in Dollars, together with any and all expenses which may be incurred by the Guaranteed Creditors in collecting any of the Guaranteed Obligations liabilities (including, without limitation, indemnities, fees and interest thereon) of the payment Borrower now existing or hereafter incurred under, arising out of or in connection with this Agreement or any stamp taxesother Loan Document and the due performance and compliance with the terms of the Loan Documents by the Borrower (all such principal, interest, obligations and liabilities, collectively, the "Guaranteed Obligations"). The Each Guarantor understands, agrees and confirms that the Guaranteed Creditors Lenders may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Guarantor it without proceeding against the Borrower, against any security for the Guaranteed Obligations (to the extent applicable) or against any other guarantor Guarantor under any other guaranty Guaranty covering the Guaranteed Obligations. Each of the Guarantors irrevocably and unconditionally promises to pay such Guaranteed Obligations to the Lenders, on demand, in Dollars, on the same basis as payments by the Borrower are required to be made under Sections 2.09(a), 2.10(a) and 2.10(b). This Guaranty shall constitute a guaranty of payment and not of collection.