Guaranty Is in Addition to Other Security. This Guaranty shall be in addition to and not in substitution for any other guaranties or other security which the Trustee may now or hereafter hold in respect of the Indenture Obligations owing to the Trustee or the Holders by the Company and (except as may be required by law) the Trustee shall be under no obligation to marshal in favor of each of the Guarantors any other guaranties or other security or any moneys or other assets which the Trustee may be entitled to receive or upon which the Trustee or the Holders may have a claim.
Appears in 3 contracts
Samples: Security Agreement (Pioneer Companies Inc), Pioneer Companies Inc, Pioneer Companies Inc
Guaranty Is in Addition to Other Security. This Guaranty shall be in addition to and not in substitution for any other guaranties guarantees or other security which the Trustee Lender may now or hereafter hold in respect of the Indenture Obligations owing to the Trustee or the Holders Lender by the Company Borrower and (except as may be required by law) the Trustee Lender shall be under no obligation to marshal in favor of each of the Guarantors Guarantor any other guaranties guarantees or other security or any moneys or other assets which the Trustee Lender may be entitled to receive or upon which the Trustee or the Holders Lender may have a claim.
Appears in 1 contract
Samples: Unlimited Continuing Guaranty (Arcadia Resources, Inc)