Common use of Additional Guaranty Relating to Bankruptcy Clause in Contracts

Additional Guaranty Relating to Bankruptcy. Notwithstanding any limitation on liability provided for elsewhere in this Guaranty, Guarantor hereby absolutely, unconditionally and irrevocably guarantees to Lender the full and prompt payment when due, whether at the Maturity Date or earlier, by reason of acceleration or otherwise, and at all times thereafter, the entire Indebtedness, in the event that (i) Borrower voluntarily becomes subject to any bankruptcy, reorganization, receivership, insolvency or other similar proceeding pursuant to any federal or state law affecting debtor and creditor rights, or (ii) an order for relief is entered against Borrower in any such proceeding initiated or joined in by a “Related Party.”

Additional Guaranty Relating to Bankruptcy. Notwithstanding any limitation on liability provided for elsewhere in this Guaranty, Guarantor hereby absolutely, unconditionally and irrevocably guarantees to Lender the full and prompt payment when due, whether at the Maturity Date or earlier, by reason of acceleration or otherwise, and at all times thereafter, the entire Indebtedness, in the event that (i) Borrower voluntarily becomes subject to any voluntary bankruptcy, reorganization, receivership, insolvency or other similar voluntary proceeding pursuant to any federal or state law affecting debtor and creditor rights, or (ii) an order for relief is entered against Borrower in any such proceeding initiated or joined in by a “Related Partyvoluntary proceeding.”