Common use of Guarantor and Administrative Clause in Contracts

Guarantor and Administrative. Agent each acknowledge and agree that this Guaranty is a guarantee of payment and performance and not of collection and enforcement in respect of any obligations which may accrue to the Administrative Agent and/or the Banks from Borrower under the provisions of any Loan Document.

Appears in 8 contracts

Samples: Guaranty of Payment (Vornado Realty Trust), Guaranty of Payment (Vornado Realty Trust), Guaranty of Payment (Amb Property Lp)

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Guarantor and Administrative. Agent each acknowledge and agree that this Guaranty is a guarantee of payment and performance and not of collection and enforcement in respect of any obligations which may accrue to the Administrative Agent and/or the Banks Lenders from any Qualified Borrower under the provisions of any Loan Document.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Washington Prime Group, L.P.), Credit Agreement (Simon Property Group L P /De/)

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