Common use of Principal Obligations Clause in Contracts

Principal Obligations. The obligations of Harmony Gold under this clause 16 are absolute, unconditional and irrevocable and: (a) are principal obligations of Harmony Gold and not ancillary or collateral to any other right or obligation; and (b) may be enforced against Harmony Gold without the Seller first being required to exhaust any remedy it may have against any other person.

Principal Obligations. The obligations of Harmony Gold under this clause 16 17 are absolute, unconditional and irrevocable and: (a) are principal obligations of Harmony Gold and not ancillary or collateral to any other right or obligation; and (b) may be enforced against Harmony Gold without the Seller or Newcrest first being required to exhaust any remedy it they may have against any other person.