Common use of Bank Parties Clause in Contracts

Bank Parties. Guarantor irrevocably ---------------------- and unconditionally guarantees as primary obligor and not merely as surety to the Bank Parties the full and prompt payment when due (whether by acceleration or otherwise) of the principal of and interest on all obligations (including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code (as defined in the Credit Agreement), would become due) to the Bank Parties under the Credit Agreement, including without limitation all of the Obligations (as defined in the Credit Agreement), together with all other liabilities and obligations of the Company (including, without limitation, indemnities, fees, costs, expenses and interest thereon) to the Bank Parties incurred or to be incurred under the Credit Agreement or any other Loan Document (as defined in the Credit Agreement) (the "BANK GUARANTEED OBLIGATIONS"). Subject to the preceding sentence, Guarantor understands, agrees and confirms that the Bank Parties may enforce this Guaranty up to the full amount of the Bank Guaranteed Obligations against it without proceeding against the Company, against any security for the Bank Guaranteed Obligations, against any other guarantor or any other individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof (hereinafter referred to as "PERSON") or under any other guaranty covering all or any portion of the Obligations (as defined in the Credit Agreement) or the Bank Guaranteed Obligations.

Bank Parties. Guarantor irrevocably and ---------------------- and unconditionally guarantees as primary obligor and not merely as surety to the Bank Parties the full and prompt payment when due (whether by acceleration or otherwise) of the principal of and interest on all obligations (including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code (as defined in the Credit Agreement), would become due) to the Bank Parties under the Credit Agreement, including without limitation all of the Obligations (as defined in the Credit Agreement), together with all other liabilities and obligations of the Company (including, without limitation, indemnities, fees, costs, expenses and interest thereon) to the Bank Parties incurred or to be incurred under the Credit Agreement or any other Loan Document (as defined in the Credit Agreement) (the "BANK GUARANTEED OBLIGATIONS"). Subject to the preceding sentence, Guarantor understands, agrees and confirms that the Bank Parties may enforce this Guaranty up to the full amount of the Bank Guaranteed Obligations against it without proceeding against the Company, against any security for the Bank Guaranteed Obligations, against any other guarantor or any other individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof (hereinafter referred to as "PERSON") or under any other guaranty covering all or any portion of the Obligations (as defined in the Credit Agreement) or the Bank Guaranteed Obligations.