Examples of Guarantor Obligations in a sentence
The payment obligations of the Guarantor under the Guarantee (the " Guarantor Obligations") will, subject to Condition 4.4.2: (a) constitute Tier 1 Capital of the Guarantor; (b) constitute direct, unsecured and subordinated obligations of the Guarantor; (c) rank subordinate and junior to all Guarantor Senior Obligations but not further or otherwise, (d) rank pari passu with all other Guarantor Pari Passu Obligations and (e) rank in priority only to all Guarantor Junior Obligations.
Without limiting the foregoing, Guarantors shall be liable for payment and performance of the Guarantor Obligations under this Guaranty without requiring any notice of nonpayment, nonperformance, non-observance, proof of notice or demand or any other notice hereunder or related hereto, all of which Guarantors do hereby waive.
The Guarantor Obligations are separate and independent of the liabilities of Guarantors under any other guaranty executed and delivered by Guarantors in connection with the financing and completion of the Project.
Further, this Guaranty shall continue in full force and effect notwithstanding any purchase of or transfer of any portion of the Property by any third party except to the extent a Guarantor is expressly released by the City from the Guarantor Obligations.
To the extent that the Guarantor Obligations are payment obligations, this is a Guaranty of payment and not of collection.