Common use of Guarantee of Payment; Continuing Guarantee Clause in Contracts

Guarantee of Payment; Continuing Guarantee. The guarantee given by the Parent in this Article X is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations whenever arising.

Appears in 7 contracts

Samples: Credit Agreement (Mallinckrodt PLC), Superpriority Senior Secured Debtor in Possession Credit Agreement (Mallinckrodt PLC), Opioid Deferred Cash Payments Agreement (Mallinckrodt PLC)

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Guarantee of Payment; Continuing Guarantee. The guarantee given by the Parent Parent, in this Article X is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Secured Obligations whenever arising.

Appears in 3 contracts

Samples: Credit Agreement (Endo, Inc.), Credit Agreement (Endo, Inc.), Credit Agreement (Endo International PLC)

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Guarantee of Payment; Continuing Guarantee. The guarantee given by the Parent and Holdings in this Article X is a guaranty guarantee of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations whenever arising.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Amaya Inc.), Second Lien Credit Agreement (Amaya Inc.), First Lien Credit Agreement (Amaya Inc.)

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