Common use of Guaranty; Limitation of Liability Clause in Contracts

Guaranty; Limitation of Liability. (a) Each Guarantor hereby jointly and severally unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Note, whether for principal, interest, fees, expenses or otherwise (such obligations, to the extent not paid by such Loan Party or specifically waived in accordance with Section 9.01, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent or the Lenders in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Loan Party to the Agent or any Lender under this Agreement or any Note but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 3 contracts

Samples: Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Day Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Day Credit Agreement (Telecomunicaciones De Puerto Rico Inc)

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Guaranty; Limitation of Liability. (a) Each Guarantor hereby hereby, jointly and severally severally, unconditionally and irrevocably guarantees to the Secured Parties the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations Obligations of each the Borrower or any other Loan Party to the Secured Parties now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to the extent not paid by such Loan Party or specifically waived in accordance with Section 9.01, Obligations being the "Guaranteed Obligations"), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Administrative Agent or the Lenders any other Secured Party in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each Guarantor’s 's liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the Borrower or any other Loan Party to the Administrative Agent or any Lender other Secured Party under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Partythe Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Audio Book Club Inc), Subsidiary Guaranty (Audio Book Club Inc)

Guaranty; Limitation of Liability. (a) Each The Guarantor hereby jointly and severally unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to including, without limitation, the extent not paid by such Loan Party or specifically waived in accordance with obligations of the Borrower under Section 9.012.15 of the Credit Agreement, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent Administrative Agent, any L/C Issuer or the Lenders any Lender in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any a Loan Party to the Agent Administrative Agent, any L/C Issuer or any Lender under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.. 143849182_2

Appears in 1 contract

Samples: Invesco Ltd.

Guaranty; Limitation of Liability. (a) Each Guarantor hereby jointly and severally ("solidariamente") unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Note, whether for principal, interest, fees, expenses or otherwise (such obligations, to the extent not paid by such Loan Party or specifically waived in accordance with Section 9.01, being the "Guaranteed Obligations"), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent or the Lenders in enforcing any rights under this Article VII (this "Guaranty"). Without limiting the generality of the foregoing, each Guarantor’s 's liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Loan Party to the Agent or any Lender under this Agreement or any Note but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telecomunicaciones De Puerto Rico Inc)

Guaranty; Limitation of Liability. (a) Each The Guarantor hereby jointly and severally unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to including, without limitation, the extent not paid by such Loan Party or specifically waived in accordance with obligations of the Borrower under Section 9.012.15 of the Credit Agreement, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable 52196923_3 counsel fees and expenses) incurred by the Agent Administrative Agent, the L/C Issuer or the Lenders any Lender in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any a Loan Party to the Agent Administrative Agent, the L/C Issuer or any Lender under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Invesco Ltd.)

Guaranty; Limitation of Liability. (a) Each Guarantor hereby jointly and severally unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Note, whether for principal, interest, fees, expenses or otherwise (such obligations, to the extent not paid by such Loan Party or specifically waived in accordance with Section 9.01, being the "Guaranteed Obligations"), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent or the Lenders in enforcing any rights under this Article VII ("this Guaranty"). Without limiting the generality of the foregoing, each Guarantor’s 's liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Loan Party to the Agent or any Lender under this Agreement or any Note but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Puerto Rico Telephone Co Inc)

Guaranty; Limitation of Liability. (a) Each Guarantor hereby unconditionally and irrevocably, jointly and severally unconditionally and irrevocably ("in solidum") guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Note, whether for principal, interest, fees, expenses or otherwise (such obligations, to the extent not paid by such Loan Party or specifically waived in accordance with Section 9.01, being the "Guaranteed Obligations"), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Administrative Agent or the Lenders in enforcing any rights under this Article VII ("this Guaranty"). Without limiting the generality of the foregoing, each Guarantor’s 's liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Loan Party to the Administrative Agent or any Lender under this Agreement or any Note but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telecomunicaciones De Puerto Rico Inc)

Guaranty; Limitation of Liability. (a) Each Guarantor hereby unconditionally and irrevocably, jointly and severally unconditionally and irrevocably ("in solidum") guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Note, whether for principal, interest, fees, expenses or otherwise (such obligations, to the extent not paid by such Loan Party or specifically waived in accordance with Section 9.01, being the "Guaranteed Obligations"), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Administrative Agent or the Lenders in enforcing any rights under this Article VII ("this Guaranty"). Without limiting the generality of the foregoing, each Guarantor’s 's liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Loan Party to the Administrative Agent or any Lender under this Agreement or any Note but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Puerto Rico Telephone Co Inc)

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Guaranty; Limitation of Liability. (a) Each The Guarantor hereby jointly and severally unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to including, without limitation, the extent not paid by such Loan Party or specifically waived in accordance with obligations of the Borrower under Section 9.012.15 of the Credit Agreement, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent Administrative Agent, any L/C Issuer or the Lenders any Lender in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any a Loan Party to the Agent Administrative Agent, any L/C Issuer or any Lender under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: And Restated Guaranty (Invesco Ltd.)

Guaranty; Limitation of Liability. (a) Each Guarantor hereby hereby, jointly and severally severally, unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to including, without limitation, the extent not paid by such Loan Party or specifically waived in accordance with obligations of the Borrowers under Section 9.012.15 of the Credit Agreement, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent Administrative Agent, the L/C Issuer or the Lenders any Lender in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any a Loan Party to the Agent Administrative Agent, the L/C Issuer or any Lender under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Invesco Ltd.)

Guaranty; Limitation of Liability. (a) Each The Guarantor hereby jointly and severally unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to including, without limitation, the extent not paid by such Loan Party or specifically waived in accordance with obligations of the Borrowers under Section 9.012.15 of the Credit Agreement, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent Administrative Agent, the L/C Issuer or the Lenders any Lender in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any a Loan Party to the Agent Administrative Agent, the L/C Issuer or any Lender under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Invesco Ltd.)

Guaranty; Limitation of Liability. (a) Each The Guarantor hereby jointly and severally unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of each other Loan Party now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to including, without limitation, the extent not paid by such Loan Party or specifically waived in accordance with obligations of the Borrower under Section 9.012.15 of the Credit Agreement, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Agent Administrative Agent, the L/C Issuer or the Lenders any Lender in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any a Loan Party to the Agent Administrative Agent, the L/C Issuer or any Lender under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Invesco Ltd.)

Guaranty; Limitation of Liability. (a) (i) Each Guarantor hereby jointly and severally jointly, severally, unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations Obligations of each the Borrower or any other Loan Party now or hereafter existing under this Agreement or any Notethe Loan Documents, whether for principal, interest, fees, expenses or otherwise (such obligations, to the extent not paid by such Loan Party or specifically waived in accordance with Section 9.01, Obligations being the “Guaranteed Obligations”"GUARANTEED OBLIGATIONS"), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Administrative Agent or the Lenders any other Secured Party in enforcing any rights under this Article VII (this “Guaranty”). Without limiting the generality of the foregoing, each Guarantor’s 's liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the Borrower or any other Loan Party to the Administrative Agent or any Lender other Secured Party under this Agreement or any Note the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Loan Partythe Borrower.

Appears in 1 contract

Samples: Moran Transportation Co

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