Examples of Series 10 Preferred LP Unit Obligations in a sentence
Each Guarantor guarantees that the Series 10 Preferred LP Unit Obligations will be paid strictly in accordance with the terms of the Series 10 Preferred LP Units and this Guarantee within the time required by Section 2.1, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any such terms or the rights of the Holders with respect thereto.
If any amount is paid to a Guarantor on account of any subrogation arising hereunder at any time when the Series 10 Preferred LP Unit Obligations have not been fully satisfied, such amount shall be held in trust by such Guarantor for the benefit of the Holders and shall forthwith be paid to the Holders to be credited and applied against the Series 10 Preferred LP Unit Obligations.
The Guarantors shall have no right of subrogation in respect of any payment made to the Holders hereunder until such time as the Series 10 Preferred LP Unit Obligations have been fully satisfied.
The Guarantors irrevocably and unconditionally, jointly and severally, guarantee in favour of the Holders the due and punctual payment of the Series 10 Preferred LP Unit Obligations, regardless of any defense (except for the defense of payment by the Partnership), right of set-off or counterclaim which a Guarantor may have or assert.
Each Guarantor’s obligation to pay Series 10 Preferred LP Unit Obligations may be satisfied by (i) direct payment to the Holders or (ii) payment to the Holders through the facilities of the Security Trustee.
The Series 10 Preferred LP Unit Obligations shall not, however, be released, discharged, limited or affected by the failure or omission of the Holders to prove the whole or part of any claim against the Partnership.
Measuring and monitoring throughout the manufacturing process will ultimately lead to improved quality and coupled with well-defined scale up volumes, costs should then be reduced.The ability to quickly but accurately measure Critical Quality Attributes (CQA) for new medicine platforms will be key, and ensuring consistency in their quality will be vital - this is where in line monitoring will be a valuable target along with correction capability.
Each Guarantor assumes full responsibility for keeping fully informed of the financial condition of the Partnership and all other circumstances affecting the Partnership’s ability to pay the Series 10 Preferred LP Unit Obligations.
Upon the maturity of any Senior Indebtedness of a Guarantor by lapse of time, acceleration, demand or otherwise, then, except as provided in Section 3.7, all principal of and interest on all such matured Senior Indebtedness shall first be paid in full, or shall first have been duly provided for, before any payment by such Guarantor is made on account of the Series 10 Preferred LP Unit Obligations.
Each Guarantor will pay the Series 10 Preferred LP Unit Obligations without regard to any equities between it and the Partnership or any defence or right of set-off, compensation, abatement, combination of accounts or cross-claim that it or the Partnership or the other Guarantors may have.