Common use of Guaranties of the Obligations Clause in Contracts

Guaranties of the Obligations. Each Obligated Party, including any Person that becomes a Borrower or a Guarantor after the Closing Date pursuant to the terms of this Agreement, shall guarantee payment and performance of the Obligations (other than Obligations owing by such Obligated Party) pursuant to a Guaranty Agreement, duly executed by each such Obligated Party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ahern Rentals Inc), Loan and Security Agreement (Ahern Rentals Inc)

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Guaranties of the Obligations. Each Obligated Party, including any Person that 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 Obligations (other than Obligations owing by such Obligated Party) pursuant to a Guaranty AgreementAgreement in form and substance satisfactory to the Agent, duly executed by each such Obligated Party.

Appears in 1 contract

Samples: Credit Agreement (Texas Petrochemical Holdings Inc)

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Guaranties of the Obligations. Each Obligated Party, including any Person that becomes a Borrower or a Guarantor after the Closing Date pursuant to the terms of this Agreement, shall guarantee payment and performance of the Obligations (other than Obligations owing by such Obligated Party) pursuant to a Guaranty AgreementAgreement in form and substances satisfactory to the Administrative Agent and each Lender, and duly executed by each such Obligated Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

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