Common use of Unconditional Nature Clause in Contracts

Unconditional Nature. No act or thing need occur to establish any Guarantor’s liability hereunder, and no act or thing, except full payment and discharge of all of the Guaranteed Obligations, shall in any way exonerate any Guarantor hereunder or modify, reduce, limit or release any Guarantor’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Guaranteed Obligations and shall continue to be in force and be binding upon each Guarantor until all of the Guaranteed Obligations are indefeasibly paid in full and discharged.

Appears in 3 contracts

Samples: Guaranty (Generex Biotechnology Corp), Guaranty (Nacel Energy Corp), Magnum dOr Resources Inc

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Unconditional Nature. No act or thing need occur to establish any Guarantor’s liability hereunder, and no act or thing, except full payment and discharge of all of the Guaranteed Obligations, shall in any way exonerate any Guarantor hereunder or modify, reduce, limit or release any Guarantor’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Guaranteed Obligations and shall continue to be in force and be binding upon each Guarantor until all the termination of the Guaranteed Obligations are indefeasibly paid in full and dischargedthis Guaranty pursuant to Section 12 hereunder.

Appears in 2 contracts

Samples: Guaranty (Workstream Inc), Guaranty (Workstream Inc)

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Unconditional Nature. No act or thing need occur to establish any the Guarantor’s liability hereunder, and no act or thing, except full payment and discharge of all of the Guaranteed ObligationsIndebtedness, shall in any way exonerate any the Guarantor hereunder or modify, reduce, limit or release any the Guarantor’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Guaranteed Obligations Indebtedness and shall continue to be in force and be binding upon each Guarantor until the Guarantor, whether or not all of the Guaranteed Obligations are indefeasibly Indebtedness is paid in full and dischargedfull.

Appears in 2 contracts

Samples: www.sec.gov, Guarantee (Delphax Technologies Inc)

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