Common use of Guaranty of Obligation Clause in Contracts

Guaranty of Obligation. Each Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.

Appears in 2 contracts

Samples: Guaranty of Recourse Obligations (Horizon Group Properties Inc), Guaranty of Recourse Obligations (Horizon Group Properties Inc)

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Guaranty of Obligation. Each Guarantor hereby irrevocably irrevocably, absolutely and unconditionally guarantees to Lender Agent and its Lenders and their respective successors and assigns the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.

Appears in 2 contracts

Samples: Guaranty of Carry Obligations (Alexanders Inc), Guaranty of Completion (Alexanders Inc)

Guaranty of Obligation. Each Guarantor hereby absolutely, irrevocably and unconditionally guarantees to Lender (and its successors and assigns assigns) the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether upon demand by Lender or by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby absolutely, irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor, and that Guarantor shall fully perform each and every term and provision hereof.

Appears in 1 contract

Samples: Guaranty (Behringer Harvard Reit I Inc)

Guaranty of Obligation. Each Guarantor hereby irrevocably and ---------------------- unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.

Appears in 1 contract

Samples: Guaranty (Wellington Properties Trust)

Guaranty of Obligation. Each Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor. This Guaranty shall terminate and be of no further force and effect upon the performance or payment in full of the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Cedar Shopping Centers Inc)

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Guaranty of Obligation. Each Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns (i) the due and punctual payment and performance of the Guaranteed Obligations as Obligation, and when (ii) the same shall be due and payabletimely performance of all other obligations now or in the future owed by Borrower to Lender, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for including without limitation those under the Guaranteed Obligations as a primary obligorLoan Agreement.

Appears in 1 contract

Samples: Guaranty Agreement (America West Holdings Corp)

Guaranty of Obligation. Each Guarantor hereby irrevocably and unconditionally guarantees to Lender as the Holder of Note A and its successors and assigns the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.

Appears in 1 contract

Samples: Guaranty Agreement (Skilled Healthcare Group Inc)

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