Common use of Guaranty of Payment Clause in Contracts

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 7 contracts

Samples: Loan and Security Agreement (Aytu Biopharma, Inc), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

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Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent Lender to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 5 contracts

Samples: Loan and Security Agreement (Janel Corp), Loan and Security Agreement (Janel Corp), Loan and Security Agreement (New Age Beverages Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue sxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 4 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Subordination Agreement (Rubicon Technologies, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 4 contracts

Samples: Loan and Security Agreement (Aytu Biopharma, Inc), Loan and Security Agreement (Hydrofarm Holdings Group, Inc.), Loan and Security Agreement (LIVE VENTURES Inc)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, Obligor or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Kaspien Holdings Inc.), Loan and Security Agreement (Trans World Entertainment Corp), Loan and Security Agreement (Trans World Entertainment Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require the Administrative Agent or any Lender to sue or otherwise take action against any Borrowerother Loan Party, any other Loan Party Obligor, any Other Obligorguarantor of, or any other Person obligated for for, all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment rights against any Collateral collateral securing all or any part of the U.S. Guaranteed Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc)

Guaranty of Payment. This Loan Party Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor Guarantor waives any right to require Agent the Agent, Issuer or any Lender to sue or otherwise take action against xxx any Borrower, any other Loan Party Obligor, any Other Obligor, Guarantor or any other Person person obligated for all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any Collateral collateral securing all or any part of the Guaranteed Obligations.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (TCP International Holdings Ltd.), Revolving Credit and Security Agreement (TCP International Holdings Ltd.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent the Administrative Agent, the Issuing Bank or any Lender to sue or otherwise take action against any Borrowerother Loan Party, any other Loan Party Obligor, any Other Obligorguarantor of, or any other Person obligated for for, all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment rights against any Collateral collateral securing all or any part of the Obligations.U.S.

Appears in 2 contracts

Samples: Credit Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent the Administrative Agent, any Issuing Lender or any Lender to sue or otherwise take action against any Borrowerother Loan Party, any other Loan Party Obligor, any Other Obligorguarantor of, or any other Person obligated for for, all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any Collateral collateral securing all or any part of the Guaranteed Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Blue Owl Capital Inc.), Credit Agreement (Blue Owl Capital Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and performance and not of collection. Each Loan Party Obligor waives any right to require Agent to sue or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (R F Industries LTD)

Guaranty of Payment. This Loan Party Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor Guarantor waives any right to require Agent the Agent, Issuer or any Lender to sue or otherwise take action against any BorrowerXxxrower, any other Loan Party Obligor, any Other Obligor, Guarantor or any other Person person obligated for all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any Collateral collateral securing all or any part of the Guaranteed Obligations.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (TCP International Holdings Ltd.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other ObligorParty, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Excel Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue xxx or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Ranger Energy Services, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent Lender to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, Obligor or any other Person obligated for all or any part of the Obligations, Obligations or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Swisher Hygiene Inc.)

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Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (LIVE VENTURES Inc)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other ObligorParty, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Olb Group, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, Obligor or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Kaspien Holdings Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue or otherwise take action against any Borrower, any other Loan Party Obligor, any Other ObligorParty, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Southland Holdings, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent Lender to sue sxx or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (usell.com, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent Lender to sue sxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Janel Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other ObligorParty, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Global Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to sue sxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (NXT-Id, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to sue xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Sypris Solutions Inc)

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