Common use of Nature of Guarantee Clause in Contracts

Nature of Guarantee. (a) This Limited Guarantee is an unconditional and continuing guarantee of payment, not of collection, and a separate action or actions may be brought and prosecuted against the Guarantors to enforce this Limited Guarantee, irrespective of whether any action is brought against HoldCo, Parent, Merger Sub or any other Person or whether HoldCo, Parent, Merger Sub or any other Person is joined in any such action or actions. Notwithstanding anything to the contrary contained in this Limited Guarantee or any other document, the obligations of the Guarantors under this Limited Guarantee, on the one hand, and the obligations of each Other Guarantor under the applicable Other Guarantee, on the other hand, shall be several and not joint.

Nature of Guarantee. (a) This Limited Guarantee is an unconditional and continuing guarantee of payment, not of collection, and a separate action Action or actions Actions may be brought and prosecuted against the Guarantors Guarantor to enforce this Limited Guarantee, irrespective of whether any action is brought against HoldCo, Parent, Merger Sub Sub, any Other Guarantor or any other Person or whether HoldCo, Parent, Merger Sub Sub, any Other Guarantor or any other Person is joined in any such action Action or actionsActions. Notwithstanding anything to the contrary contained in this Limited Guarantee or any other document, the obligations of the Guarantors Guarantor under this Limited Guarantee, on Guarantee and of the one hand, and the obligations of each Other Guarantor Guarantors under the applicable Other Guarantee, on the other handGuarantees, shall be several and not joint.