Common use of Guarantee Unconditional Clause in Contracts

Guarantee Unconditional. The obligations of each Guarantor under this Article XI shall be unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by: (a) any extension, renewal, settlement, compromise, waiver or release in respect of any obligation(s) of any Loan Party under the Loan Documents and/or any Commitment(s) under the Loan Documents, by operation of law or otherwise (other than with respect to any such extension, renewal, settlement, compromise, waiver or release agreed in accordance with the terms hereunder as expressly applying to the obligations of each Guarantor under this Article XI); (b) any modification or amendment of or supplement to this Agreement or any other Loan Document (other than (i) with respect to any modification, amendment or supplement agreed in accordance with the terms hereunder as expressly applying to the obligations of each Guarantor under this Article XI, (ii) an agreement to which such Guarantor is a party, or (iii) a release of a Guarantor pursuant to the terms of this Agreement); (c) any release, impairment, non-perfection or invalidity of any Collateral; (d) any change in the corporate existence, structure or ownership of any Loan Party or any other Person, or any event of the type described in Section 9.01(g), (h) or (i) with respect to any Person; (e) the existence of any claim, set-off or other rights that any Guarantor may have at any time against any Loan Party, any Secured Party or any other Person, whether in connection herewith or with any unrelated transactions; (f) any invalidity or unenforceability relating to or against any Loan Party for any reason of any Loan Document, or any provision of Applicable Law purporting to prohibit the performance by any Loan Party of any of its obligations under the Loan Documents (other than any such invalidity or unenforceability with respect solely to the obligations of each Guarantor under this Article XI); or (g) any other act or omission to act or delay of any kind by any Loan Party, any Secured Party or any other Person or any other circumstance whatsoever that might, but for the provisions of this Section 11.02, constitute a legal or equitable discharge of the obligations of any Loan Party under the Loan Documents.

Appears in 2 contracts

Sources: Credit Agreement (AquaVenture Holdings LTD), Credit Agreement (AquaVenture Holdings LTD)

Guarantee Unconditional. The obligations of each Guarantor under this Article ‎Article XI shall be unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by: (a) any extension, renewal, settlement, compromise, waiver or release in respect of any obligation(s) of any Loan Party under the Loan Documents and/or any Commitment(s) under the Loan Documents, by operation of law or otherwise (other than with respect to any such extension, renewal, settlement, compromise, waiver or release agreed in accordance with the terms hereunder as expressly applying to the obligations of each Guarantor under this Article ‎Article XI); (b) any modification or amendment of or supplement to this Agreement or any other Loan Document (other than (i) with respect to any modification, amendment or supplement agreed in accordance with the terms hereunder as expressly applying to the obligations of each Guarantor under this Article ‎Article XI, (ii) an agreement to which such Guarantor is a party, or (iii) a release of a Guarantor pursuant to the terms of this Agreement); (c) any release, impairment, non-perfection or invalidity of any Collateral; (d) any change in the corporate existence, structure or ownership of any Loan Party or any other Person, or any event of the type described in Section ‎Section 9.01(g), (h‎(h) or (i‎(i) with respect to any Person; (e) the existence of any claim, set-off or other rights that any Guarantor may have at any time against any Loan Party, any Secured Party or any other Person, whether in connection herewith or with any unrelated transactions; (f) any invalidity or unenforceability relating to or against any Loan Party for any reason of any Loan Document, or any provision of Applicable Law purporting to prohibit the performance by any Loan Party of any of its obligations under the Loan Documents (other than any such invalidity or unenforceability with respect solely to the obligations of each Guarantor under this Article ‎Article XI); or (g) any other act or omission to act or delay of any kind by any Loan Party, any Secured Party or any other Person or any other circumstance whatsoever that might, but for the provisions of this Section ‎Section 11.02, constitute a legal or equitable discharge of the obligations of any Loan Party under the Loan Documents.

Appears in 2 contracts

Sources: Credit Agreement (AquaVenture Holdings LTD), Credit Agreement (AquaVenture Holdings LTD)

Guarantee Unconditional. The obligations of each Cable Guarantor under this Article XI shall be hereunder with respect to the Securities are unconditional and absolute and, without limiting the generality of the foregoing, shall will not be released, discharged or otherwise affected by: (a) any extension, renewal, settlement, compromise, waiver or release in respect of any obligation(s) obligation of any Loan Party the Company under the Loan Documents and/or any Commitment(s) under the Loan DocumentsIndenture or such Security, by operation of law or otherwise (other than with respect to any such extension, renewal, settlement, compromise, waiver or release agreed in accordance with the terms hereunder as expressly applying to the obligations of each Guarantor under this Article XI)otherwise; (b) any modification or amendment of or supplement to this Agreement the Indenture or any other Loan Document (other than (i) with respect to any modification, amendment or supplement agreed in accordance with the terms hereunder as expressly applying to the obligations of each Guarantor under this Article XI, (ii) an agreement to which such Guarantor is a party, or (iii) a release of a Guarantor pursuant to the terms of this Agreement)Security; (c) any release, impairment, non-perfection or invalidity of any Collateral; (d) any change in the corporate existence, structure or ownership of any Loan Party or any other Personthe obligor, or any event insolvency, bankruptcy, reorganization or other similar proceeding affecting the Company or its assets or any resulting release or discharge of any obligation of the type described Company contained in Section 9.01(g), (h) the Indenture or (i) with respect to any Personsuch Security; (ed) the existence of any claim, set-off or other rights that which any Cable Guarantor may have at any time against any Loan Partythe Company, the Trustee, any Secured Party other Cable Guarantor or any other Person, whether in connection herewith with the Indenture or with any an unrelated transactions, provided that nothing herein prevents the assertion of any such claim by separate suit or compulsory counterclaim; (fe) any invalidity invalidity, irregularity or unenforceability relating to or against any Loan Party the Company for any reason of any Loan Documentthe Indenture or such Security, or any provision of Applicable Law applicable law or regulation purporting to prohibit the performance payment by the Company of the principal of or interest on such Security or any Loan Party of any of its obligations other amount payable by the Company under the Loan Documents (other than any such invalidity or unenforceability with respect solely to the obligations of each Guarantor under this Article XI)Indenture; or (gf) any other act or omission to act or delay of any kind by any Loan Partythe Company, any Secured Party the Trustee or any other Person or any other circumstance whatsoever that which might, but for the provisions of this Section 11.02paragraph, constitute a legal or equitable discharge of the or defense to such Cable Guarantor's obligations of any Loan Party under the Loan Documentshereunder.

Appears in 1 contract

Sources: Supplemental Indenture (Comcast Cable Communications Inc)