Unconditional Nature. No act or thing need occur to establish the Guarantor's liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full. Notwithstanding the foregoing, this Guaranty shall terminate upon the satisfaction in full of the Indebtedness and termination of the Commitment.
Appears in 2 contracts
Samples: Metretek Technologies Inc, Metretek Technologies Inc
Unconditional Nature. No act or thing need occur to establish the Guarantor's liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full. Notwithstanding the foregoing, this Guaranty shall terminate upon the satisfaction in full of the Indebtedness and termination of the CommitmentCommitment or, if earlier, the events specified in Section 2.14 of the Credit Agreement.
Appears in 1 contract
Samples: Metretek Technologies Inc
Unconditional Nature. No act or thing need occur to establish the Guarantor's liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full. Notwithstanding the foregoing, this Guaranty shall terminate upon the satisfaction in full of the Indebtedness and termination of the CommitmentIndebtedness.
Appears in 1 contract
Samples: Metretek Technologies Inc