Common use of Limitation on Guarantees Clause in Contracts

Limitation on Guarantees. It shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any other Person except guarantees specifically required under the Financing Documents.

Limitation on Guarantees. It shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any other Person except (i) guarantees specifically required under the Financing DocumentsDocuments or (ii) to guarantee any Permitted Indebtedness of the Borrower or the Partnership.

Limitation on Guarantees. It shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any other Person except (i) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, (ii) guarantees specifically provided in connection with the granting of performance bonds to contractors and suppliers and Governmental Authorities made in the ordinary course of business, and (iii) guarantees expressly permitted or required under the Financing Documents.

Limitation on Guarantees. It shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any other Person except (i) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, (ii) guarantees specifically provided in connection with the granting of performance bonds to contractors and suppliers and Governmental Authorities made in the ordinary course of business, (iii) guarantees provided in connection with Permitted Indebtedness and (iv) guarantees expressly permitted or required under the Financing Documents.