Guaranty of Payment or Performance. The Borrower will not guarantee any contract or otherwise be or become liable in connection with any obligation of any Person, except that the foregoing restriction shall not apply to endorsements of instruments for collection in the ordinary course of business.
Appears in 3 contracts
Samples: Credit Agreement (Esenjay Exploration Inc), Credit Agreement (Cubic Energy Inc), Credit Agreement (Frontier Natural Gas Corp)
Guaranty of Payment or Performance. The Borrower will not guarantee any contract or otherwise be or become liable in connection with any obligation of any Person, except that the foregoing restriction shall not apply to performance guaranties, performance surety or other bonds or endorsements of instruments for collection collection, in each case in the ordinary course of business.
Appears in 2 contracts
Samples: Senior Secured Advancing Line of Credit Agreement (Mainland Resources Inc.), Senior Secured Bridge Loan (Mainland Resources Inc.)
