Common use of Guaranty of Indebtedness Clause in Contracts

Guaranty of Indebtedness. Guarantor or hereby unconditionally guarantees to the Agent and to each Lender the full and prompt payment when due of all Indebtedness of Debtor due and to become due the Agent and/or each Lender. The Agent and/or each Lender may have immediate recourse against Guarantor for full and immediate payment of the Indebtedness at any time after the Indebtedness has not been paid in full at its maturity (whether at fixed maturity or maturity accelerated after a default under the terms of the Credit Agreement).