Common use of Guarantee Payment Clause in Contracts

Guarantee Payment. (a) Subject to the terms herein, the Guarantor unconditionally guarantees to the Security Agent for the benefit of the Creditors, the prompt and complete payment when due of the Guaranteed Obligations. This is a guarantee of payment and not of collection.

Guarantee Payment. (a) Subject to the terms herein, the Guarantor unconditionally guarantees to the Security Agent for the benefit of the CreditorsLenders, the prompt and complete payment when due of the Guaranteed Obligations. This is a guarantee of payment and not of collection.

Guarantee Payment. (a) Subject to the terms herein, the Guarantor unconditionally guarantees to the Security Administrative Agent for the benefit of the CreditorsSecured Parties, the prompt and complete payment when due of the Guaranteed Obligations. This is a guarantee of payment and not of collection.