Common use of Unconditional Nature Clause in Contracts

Unconditional Nature. No act or thing need occur to establish Guarantor’s liability hereunder, and no act or thing, except full payment and discharge of all of the Obligations, shall in any way exonerate Guarantor hereunder or modify, reduce, limit or release Guarantor’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Obligations and shall continue to be in force and be binding upon Guarantor, until the earlier of (a) all of the Obligations are paid in full and the Lender Parties’ commitment to make Loans have terminated or (b) this Guaranty shall be terminated in accordance with Section 15.

Unconditional Nature. No act or thing need occur to establish Guarantor’s liability hereunder, and no act or thing, except full payment and discharge of all of the Obligations, shall in any way exonerate Guarantor hereunder or modify, reduce, limit or release Guarantor’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Obligations and shall continue to be in force and be binding upon Guarantor, until the earlier of the date that (a) all of the Obligations are paid in full and the Lender Parties’ commitment to make Loans have terminated terminated, or (b) this Guaranty shall be terminated in accordance with Section 1516.