Obligations of Guarantors Unconditional Sample Clauses
The "Obligations of Guarantors Unconditional" clause establishes that a guarantor’s responsibilities under a guarantee are absolute and not subject to defenses or conditions that might otherwise limit or excuse performance. In practice, this means that even if the underlying borrower defaults for reasons beyond their control, or if the lender grants extensions or modifications to the borrower, the guarantor remains fully liable for the guaranteed obligations. This clause ensures that the lender can rely on the guarantor’s promise without concern for intervening circumstances, thereby providing certainty and reducing the lender’s risk.
Obligations of Guarantors Unconditional. Nothing contained in this Article Twelve or elsewhere in this Indenture or in the Securities or the Guarantees is intended to or shall impair, as among each of the Guarantors and the Holders of the Securities, the obligation of each Guarantor, which is absolute and unconditional, to pay to the Holders of the Securities the principal of and interest on the Securities as and when the same shall become due and payable in accordance with the terms of the Guarantee of such Guarantor, or is intended to or shall affect the relative rights of the Holders of the Securities and creditors of any Guarantor other than the holders of Guarantor Senior Indebtedness of such Guarantor, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Twelve of the holders of Guarantor Senior Indebtedness in respect of cash, property or securities of any Guarantor received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Twelve shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Guarantor Senior Indebtedness of any Guarantor then due and payable shall first be paid in full before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from such Guarantor of principal of or interest on the Securities pursuant to such Guarantor's Guarantee.
Obligations of Guarantors Unconditional. 56 Section 13.06. Notice to Trustee................................................................57 Section 13.07. Reliance on Judicial Order or Certificate of Liquidating Agent.........................................................................58 Section 13.08. Trustee's Relation to Guarantor Senior Indebtedness..............................58 Section 13.09. Subordination Rights Not Impaired by Acts or Omissions of the Guarantors or Holders of Guarantor Senior Indebtedness..................................................................59 Section 13.10. Securityholders Authorize Trustee to Effectuate Subordination of Guarantee..................................................
Obligations of Guarantors Unconditional. Each Guarantor agrees that its Obligations hereunder shall be Guarantees of payment and shall be unconditional, irrespective of and unaffected by the validity, regularity or enforceability of the Notes or this Indenture, or of any amendment thereto or hereto, the absence of any action to enforce the same, the waiver or consent by any Holder or by the Trustee with respect to any provisions thereof or of this Indenture, the entry of any judgment against the Company or any other Guarantor or any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor.
Obligations of Guarantors Unconditional. Nothing contained in this Article X or elsewhere in this Indenture or in the Guarantees is intended to or shall impair, as among the Guarantors, its creditors other than the holders of Guarantor Senior Debt, and the Holders, the obligation of the Guarantors, which is absolute and unconditional, to pay to the Holders the principal of and any interest on the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Guarantors other than the holders of the Guarantor Senior Debt, nor shall anything herein or therein prevent the Holder of any Guarantee or the Trustee on its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, in respect of cash, property or securities of any Guarantor received upon the exercise of any such remedy.
Obligations of Guarantors Unconditional. 72 SECTION 13.07.
Obligations of Guarantors Unconditional. Nothing contained in this Article Thirteen or elsewhere in this Indenture, the Notes or the Guarantees is intended to or shall impair, as among any Guarantor, its creditors other than the holders of Guarantor Senior Debt of such Guarantor, and the Holders, the obligation of such Guarantor, which is absolute and unconditional, to pay to the Holders the principal of and any interest on the Notes and any payments due on the Guarantees as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than the holders of the Guarantor Senior Debt of such Guarantor, nor shall anything herein or therein prevent the Holder of any Note or the Trustee on its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, in respect of cash, property or securities of such Guarantor received upon the exercise of any such remedy.
Obligations of Guarantors Unconditional. 109 Section 10.7. Notice to Trustee............................................................................. 109 Section 10.8. Reliance on Judicial Order or Certificate of Liquidating Agent................................ 110 Section 10.9. Trustee's Relation to Guarantor Senior Debt................................................... 110 Section 10.10.Subordination Rights Not Impaired by Acts or Omissions of the Guarantors or Holders of Guarantor Senior Debt............................................... 110 Section 10.11.Securityholders Authorize Trustee To Effectuate Subordination of Guarantees................... 111 Section 10.12.This Article X Not To Prevent Events of Default............................................... 112 Section 10.13.Trustee's Compensation Not Prejudiced......................................................... 112 ARTICLE XI. GUARANTEE
Obligations of Guarantors Unconditional. 71 SECTION 12.3. Limitation on Guarantors' Liability...............................71 SECTION 12.4. Releases of Guarantees............................................71 SECTION 12.5.
Obligations of Guarantors Unconditional. 105 SECTION 12.06. Notice to Trustee...................................... 106 SECTION 12.07. Reliance on Judicial Order or Certificate of Liquidating Agent................................. 107 SECTION 12.08. Trustee's Relation to Senior Debt of Guarantors....
Obligations of Guarantors Unconditional. 86 Section 12.6.