Common use of Guaranty of Guaranteed Obligations Clause in Contracts

Guaranty of Guaranteed Obligations. Subject to the limitations set forth in clause (g) of this Section 2, each Subsidiary Guarantor unconditionally guarantees to the Administrative Agent, jointly and severally with the other Subsidiary Guarantors, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Obligations (the “Guaranteed Obligations”) for the benefit of the Secured Parties. Each Subsidiary Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Subsidiary Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 3 contracts

Samples: Subsidiary Guarantee Agreement (Cerence Inc.), Subsidiary Guarantee Agreement (Cec Entertainment Inc), Subsidiary Guarantee Agreement (Cerence Inc.)

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Guaranty of Guaranteed Obligations. Subject to the limitations set forth in clause (g) of this Section 2, each Subsidiary Each Guarantor unconditionally guarantees to the Administrative Collateral Agent, jointly and severally with the other Subsidiary GuarantorsGuarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Loan Obligations (the “Guaranteed Obligations”) for the ratable benefit of the Administrative Agent, the Collateral Agent and each Lender (collectively, the “Secured Parties”). Each Subsidiary Guarantor further agrees that the Guaranteed Obligations may be extended extended, modified, amended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension extension, modification, amendment or renewal of any Guaranteed Obligation. Each Subsidiary Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Credit Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 2 contracts

Samples: Guarantee Agreement (EP Energy LLC), Guarantee Agreement (MBOW Four Star, L.L.C.)

Guaranty of Guaranteed Obligations. Subject to the limitations set forth in clause (g) of this Section 2, each Each Subsidiary Guarantor unconditionally guarantees to the Administrative Collateral Agent, jointly and severally with Holdings and the other Subsidiary Guarantors, as a primary obligor and not merely as a surety, the due full and punctual payment and performance of, when due whether at stated maturity or otherwise (and in the currency due) of the Secured Obligations (as defined in the Collateral Agreement) (the “Guaranteed Obligations”) for the benefit of the Secured Parties. Each Subsidiary Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Subsidiary Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 2 contracts

Samples: Subsidiary Guarantee Agreement, Subsidiary Guarantee Agreement (DS Services of America, Inc.)

Guaranty of Guaranteed Obligations. Subject to the limitations set forth in clause (g) of this Section 2, each Each Subsidiary Guarantor unconditionally guarantees to the Administrative Collateral Agent, jointly and severally with the other Subsidiary Guarantors, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Obligations (such guarantee obligations of the Subsidiary Guarantors, the “Guaranteed Obligations”) for the benefit of the Secured Parties. Each Subsidiary Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Subsidiary Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 2 contracts

Samples: Subsidiary Guarantee Agreement, Subsidiary Guarantee Agreement (ADT, Inc.)

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Guaranty of Guaranteed Obligations. Subject to the limitations set forth in clause (g) of this Section 2, each Each Subsidiary Guarantor unconditionally guarantees to the Administrative Collateral Agent, jointly and severally with Holdings and the other Subsidiary Guarantors, as a primary obligor and not merely as a surety, the due full and punctual payment and performance of, when due whether stated at maturity or otherwise (and in the currency due) of the Secured Obligations (as defined in the Collateral Agreement) (the “Guaranteed Obligations”) for the benefit of the Secured Parties. Each Subsidiary Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Subsidiary Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (DS Services of America, Inc.)

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