Purchaser Obligations definition
Examples of Purchaser Obligations in a sentence
The Guarantor acknowledges and agrees that, with respect to all Purchaser Obligations to pay money, such guaranty shall be a guaranty of payment and not of collection and shall not be conditioned or contingent upon the pursuit of any remedies against PIMCO.
The liability of Purchaser Guarantor hereunder is in all cases subject to all defenses, setoffs or counterclaims available to Purchaser to performance of the Purchaser Obligations.
All covenants and agreements of the Corporation and each other Member of the Obligated Group contained herein shall continue in full force and effect from and after the date hereof until the Purchaser Obligations have been fully paid and discharged.
The Company may seek remedies directly from Purchaser Guarantor with respect to the Purchaser Obligations without first seeking or exhausting its remedies against Purchaser.
Parent covenants that this guaranty made under this Section 8.14 will not be discharged except by complete performance of all Purchaser Obligations; provided, however, in no event shall the Purchaser Obligations guaranteed by Parent pursuant to this Section 8.14 exceed $3,000,000.00 plus the Deposit.