Common use of GUARANTEE AND INDEMNITY Clause in Contracts

GUARANTEE AND INDEMNITY. 15.1 Guarantee and Indemnity 15.1.1 guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 18.1 Guarantee and Indemnityindemnity 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on within five Business Days of receiving a demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) five Business Days of such demand) receiving a demand against any cost, loss or liability reasonably incurred or suffered and documented by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 24.1 Guarantee and Indemnityindemnity Each Guarantor irrevocably and unconditionally jointly and severally: 15.1.1 24.1.1 guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s 's obligations under the Finance Documents; 15.1.2 24.1.2 undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 24.1.3 indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 Guarantee and Indemnity 15.1.1 guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 five (five5) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 17.1 Guarantee and Indemnityindemnity Each Guarantor irrevocably and unconditionally jointly and severally: 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower other Obligor of all that BorrowerObligor’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower any other Obligor does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that the Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 18.1 Guarantee and Indemnityindemnity 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that the amount so demanded as if it was the principal obligor; and 15.1.3 (c) as an independent and primary obligation, indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party (i) if any obligation guaranteed by it is or becomes unenforceable, invalid or illegalillegal or (ii) by operation of law. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 14.1 Guarantee and Indemnity 15.1.1 14.1.1 guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 14.1.2 undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 14.1.3 indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 19.1 Guarantee and Indemnityindemnity 15.1.1 19.1.1 guarantees to each Finance Party the Party, as principal obligor and not merely as surety, punctual performance by each the Borrower of all that the Borrower’s obligations under the Finance Documents; 15.1.2 19.1.2 undertakes with each Finance Party that whenever a the Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 19.1.3 indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover, except where the Finance Parties (or the Agent on their behalf) expressly agree otherwise.

GUARANTEE AND INDEMNITY. 15.1 17.1 Guarantee and Indemnityindemnity 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 five (five5) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegalillegal by the operation of law. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 19.1 Guarantee and Indemnityindemnity Each Guarantor irrevocably and unconditionally jointly and severally: 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 18.1 Guarantee and Indemnityindemnity Each Guarantor irrevocably and unconditionally jointly and severally: 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that the Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 Guarantee 19.1 GUARANTEE AND INDEMNITY Each Guarantor irrevocably and Indemnityunconditionally jointly and severally: 15.1.1 1.1 guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s 's obligations under the Finance Documents; 15.1.2 1.2 undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 1.3 indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 18.1 Guarantee and Indemnityindemnity 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) five Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 Guarantee 18.1 GUARANTEE AND INDEMNITY Each Guarantor irrevocably and Indemnityunconditionally jointly and severally: 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s 's obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 17.1 Guarantee and Indemnityindemnity 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) five Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 Guarantee and Indemnityindemnity Each Guarantor irrevocably and unconditionally jointly and severally: 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 17.1 Guarantee and Indemnityindemnity 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 five (five5) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.

GUARANTEE AND INDEMNITY. 15.1 Guarantee 20.1 GUARANTEE AND INDEMNITY Each Guarantor irrevocably and Indemnityunconditionally jointly and severally: 15.1.1 (a) guarantees to each Finance Party the punctual performance by each Borrower of all that Borrower’s 's obligations under the Finance Documents; 15.1.2 (b) undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and 15.1.3 (c) indemnifies each Finance Party immediately on demand (and shall make the relevant payment within 5 (five) Business Days of such demand) against any cost, loss or liability suffered by that Finance Party if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal. The amount of the cost, loss or liability shall be equal to the amount which the that Finance Party would otherwise have been entitled to recover.