Common use of Primary Liability Clause in Contracts

Primary Liability. It is expressly agreed that the liability of the Guarantor for the payment of the obligations guaranteed herein shall be primary and not secondary.

Appears in 6 contracts

Sources: Ratification of Guaranty (Ensco International Inc), Guaranty Agreement (American Classic Voyages Co), Guaranty Agreement (American Classic Voyages Co)

Primary Liability. It is expressly agreed that the liability of the Guarantor for the payment of the obligations Liabilities guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Sources: Guaranty (Harken Energy Corp)

Primary Liability. It is expressly agreed that the liability ----------------- of the Guarantor for the payment of the obligations Indebtedness guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Sources: Guaranty Agreement (Neon Systems Inc)

Primary Liability. It is expressly agreed that the liability of the Guarantor for the payment of the obligations Liabilities guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Sources: Credit Agreement (Midcoast Energy Resources Inc)

Primary Liability. It is expressly agreed that the ----------------- liability of the Guarantor for the payment of the obligations Liabilities guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Sources: Guaranty Agreement (Pendaries Petroleum LTD)