Guarantee of Payment, not Collection. This Guarantee is a guarantee of payment and not of collection only and shall be binding on Guarantor’s successors and assigns. The Beneficiaries shall not be required to exhaust any right or remedy or to take any action or file any claim against Obligor or any other person or entity or any collateral as a condition to payment by Guarantor hereunder.
Appears in 4 contracts
Samples: Supplemental Indenture (Bear Stearns Companies Inc), Third Supplemental Indenture (J P Morgan Chase & Co), Second Supplemental Indenture (J P Morgan Chase & Co)
Guarantee of Payment, not Collection. This Guarantee is a guarantee of payment and not of collection only and shall be binding on Guarantor’s successors and assignscollection. The Beneficiaries Beneficiary shall not be required to exhaust any right or remedy or to take any action or file any claim against Obligor or any other person or entity or any collateral as a condition to payment by Guarantor hereunder.
Appears in 2 contracts
Samples: Settlement Agreement (Foresight Energy LP), Settlement Agreement (Foresight Energy Partners LP)
Guarantee of Payment, not Collection. This Guarantee is a guarantee of payment and not of collection only and shall be binding on Guarantor’s successors and assignscollection. The Beneficiaries Beneficiary shall not be required to exhaust any right or remedy or to take any action or file any claim against Obligor or any other person or entity or any collateral as a condition to payment by Guarantor hereunder.
Appears in 1 contract
Samples: Crude Oil Supply Agreement (Northern Tier Retail LLC)
