Common use of Liability of the Borrowers Clause in Contracts

Liability of the Borrowers. The liability of each Borrower under this Agreement and the other Loan Documents will be irrevocable, absolute, independent and unconditional, and will not be affected by any circumstance that might constitute a discharge of a surety or guarantor other than the indefeasible payment and performance in full of all Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Borrower agrees as follows:

Appears in 3 contracts

Samples: Credit Agreement (Ch2m Hill Companies LTD), Credit Agreement (Ch2m Hill Companies LTD), Ch2m Constructors (Ch2m Hill Companies LTD)

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Liability of the Borrowers. The liability of each Borrower under this Agreement and the other Loan Documents will be irrevocable, absolute, independent and unconditional, and will not be affected by any circumstance that might constitute a discharge of a surety or guarantor other than the 135 indefeasible payment and performance in full of all Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Borrower agrees as follows:

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

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