Common use of Guaranties of the Obligations Clause in Contracts

Guaranties of the Obligations. Each Credit Party, including any Person which becomes a Borrower or a Guarantor after the Closing Date pursuant to the terms of this Agreement, shall guarantee payment and performance of the Total Obligations (other than such Total Obligations owing by itself) pursuant to a Guaranty Agreement in form and substance satisfactory to the Agent, duly executed or joined in (as applicable) by each such Credit Party. Each Borrower acknowledges and expressly agrees with the Agent and each Lender that the guaranty by such Borrower is required solely as a condition to, and is given solely as inducement for and in consideration of, credit or accommodations extended or to be extended under the Credit Documents to any or all of the other Borrowers and is not required or given as a condition of extensions of credit to such Borrower.

Guaranties of the Obligations. Each Credit Party, including any Person which becomes a Borrower or a Guarantor after the Closing Date pursuant to the terms of this Agreement, shall guarantee payment and performance of the Total Obligations (other than such Total Obligations owing by itself) pursuant to a Guaranty Agreement in form and substance satisfactory to the Collateral Agent, duly executed or joined in (as applicable) by each such Credit Party. Each Borrower acknowledges and expressly agrees with the each Agent and each Lender that the guaranty by such Borrower is required solely as a condition to, and is given solely as inducement for and in consideration of, credit or accommodations extended or to be extended under the Credit Documents to any or all of the other Borrowers and is not required or given as a condition of extensions of credit to such Borrower.

Guaranties of the Obligations. Each Credit Obligated Party, including any Person which becomes a Borrower or a Guarantor after the Closing Date pursuant to the terms of this Agreement, shall guarantee payment and performance of the Total Obligations (other than such Total Obligations owing by itself) pursuant to a Guaranty Agreement in form and substance satisfactory to the Administrative Agent, duly executed or joined in (as applicable) by each such Credit Obligated Party. Each Borrower acknowledges and expressly agrees with the Administrative Agent and each Lender that the guaranty Guaranty by such Borrower is required solely as a condition to, and is given solely as inducement for and in consideration of, credit or accommodations extended or to be extended under the Credit Loan Documents to any or all of the other Borrowers and is not required or given as a condition of extensions of credit to such Borrower.

Guaranties of the Obligations. Each Credit Obligated Party, including any Person which becomes a Borrower or a Guarantor after the Closing Date pursuant to the terms of this Agreement, shall guarantee payment and performance of the Total Obligations (other than such Total Obligations owing by itselfitself and excluding Existing Obligations in the case of any such guarantee by a Newly Obligated Party) pursuant to a Guaranty Agreement in form and substance satisfactory to the Agent, duly executed or joined in (as applicable) by each such Credit Obligated Party. Each Borrower acknowledges and expressly agrees with the Agent and each Lender that the guaranty Guaranty by such Borrower is required solely as a condition to, and is given solely as inducement for and in consideration of, credit or accommodations extended or to be extended under the Credit Loan Documents to any or all of the other Borrowers and is not required or given as a condition of extensions of credit to such Borrower.