This Guaranty Sample Clauses
The "This Guaranty" clause defines the scope and nature of the guarantor's obligation under the agreement. It typically specifies that the guarantor is unconditionally responsible for fulfilling the obligations of another party, such as repaying a loan or performing contractual duties, if that party defaults. This clause applies to all relevant obligations outlined in the agreement and may include details about the extent and duration of the guaranty. Its core practical function is to provide assurance to the beneficiary that they will receive performance or payment even if the primary obligor fails, thereby reducing the beneficiary's risk.
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This Guaranty. (i) is a continuing guaranty and shall remain in full force and effect until the satisfaction in full of all of the Guaranteed Obligations, the Secured Debts and the payment in full of all amounts, if any, that may become due and payable under this Guaranty;
(ii) notwithstanding Section 3.1(b)(i) above, shall continue to be effective and/or shall be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by Lender to Borrower or Guarantor or to any guarantor, trustee, receiver or other representative of any of them, upon the insolvency, bankruptcy or reorganization of Borrower or otherwise, all as though such payment had not been made; and
(iii) shall continue to be effective with respect to any Guaranteed Obligations arising or created after any attempted revocation by Guarantor and after (if Guarantor is a natural person) Guarantor’s death (in which event this Guaranty shall be binding upon Guarantor’s estate and Guarantor’s legal representatives and heirs).
This Guaranty. The parties hereto have entered into this Guaranty with respect to certain actions to be taken by the Secured Parties and the Relevant Parties under the Financing Documents, all as specified herein. This Guaranty is for the direct benefit of the Collateral and Paying Agent on behalf of the Secured Parties only; under no circumstances shall the Issuer be a third party beneficiary of this Guaranty.
This Guaranty. (a) shall continue from the date of this Guaranty until the Obligations have been fully satisfied; (b) is a continuing, indivisible and cumulative Guaranty of each and every Obligation incurred by or owing from the Borrower to the Lender either at the date hereof or at any time hereafter during the term of this Guaranty however acquired and arising out of the Documents; and (c) is a primary obligation of the Guarantor. No invalidity, irregularity or unenforceability of all or any part of the Obligations hereby guaranteed shall affect, impair or be a defense to this Guaranty. The liability of Guarantor hereunder shall be absolute and unconditional and shall not be reduced by reason, of any defense, set-off, recoupment or counterclaim of Borrower.