Guarantee of Payment and Performance. The Guarantee constitutes a guarantee of payment and performance when due and not of collection and such Guarantor waives any right to require that any resort be had by any Guaranteed Party to any balance of any deposit account or credit on the books of any Guaranteed Party in favor of any Beneficiary or any other Person.
Appears in 9 contracts
Samples: Credit Agreement (Aol Time Warner Inc), Credit Agreement (Time Warner Inc), Credit Agreement (Time Warner Inc)
