Examples of Buyer Guarantor in a sentence
This guarantee shall be binding upon and inure to the benefit of Seller and its successors and assigns, and Buyer Guarantor may not, without the prior written consent of Seller, assign any of its obligations under this guarantee.
This guarantee of Buyer Guarantor shall be a continuing guarantee and, together with the above consent and waiver, shall remain in full force and effect until the liabilities of Buyer under this Agreement and the Transaction Documents are discharged and paid in full or cease to be liabilities or obligations pursuant to the terms of this Agreement (whether by termination of this Agreement or otherwise) and the Transaction Documents.
In consideration of Seller’s execution and delivery of this Agreement, and as a material inducement of such execution and delivery, Buyer Guarantor hereby guarantees the full, complete, and timely performance of and compliance with all of the covenants, agreements, obligations, and other liabilities of Buyer set forth in this Agreement and the Transaction Documents, subject to any limitations on Buyer’s liability set forth in this Agreement and the Transaction Documents.
The liability of Buyer Guarantor under this Agreement for Buyer is absolute, unconditional, and irrevocable, irrespective of any circumstance which might otherwise constitute a legal or equitable discharge of a surety or guarantor.
Buyer Guarantor agrees that this guarantee shall continue to be effective or be reinstated, as the case may be, if at any time all or part of any payment of any obligation under this guarantee is voided, rescinded, or recovered, or must otherwise be returned by Seller upon the insolvency, bankruptcy, or reorganization of Buyer Guarantor.