Common use of Governing Law; No Third Party Rights Clause in Contracts

Governing Law; No Third Party Rights. This Guaranty is to be governed by and construed and interpreted in accordance with the internal Laws of the State of Illinois applicable to contracts made and to be performed wholly within such state, without regard to choice or conflicts of law principles. This Guaranty is solely for the benefit of the Guarantor and Agent and the Lenders and their respective successors and assigns pursuant to the terms of the Loan Agreement, and no other person has any right, benefit, priority or interest under, or because of the existence of, this Guaranty.