Common use of Nature of Guaranty Clause in Contracts

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 13 contracts

Samples: Credit Agreement (Pinnacle Entertainment Inc), Guaranty (Coast Hotels & Casinos Inc), Credit Agreement (Pinnacle Entertainment Inc)

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Nature of Guaranty. This Subsidiary Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Subsidiary Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 9 contracts

Samples: Credit Agreement (Korn Ferry International), Capital Markets Term Loan Agreement (Mandalay Resort Group), Term Loan Agreement (Mandalay Resort Group)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 5 contracts

Samples: Guaranty (Herbst Gaming Inc), Guaranty (Herbst Gaming Inc), Guaranty (Herbst Gaming Inc)

Nature of Guaranty. This Guaranty is irrevocable and an irrevocable, absolute, continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty guarantee of prompt and punctual payment and performance and is not merely a guaranty of collection. This Guaranty may not be revoked by Guarantor and shall continue to be effective with respect to any Guaranteed Obligations arising or created after any attempted revocation by Guarantor. This Guaranty may be enforced by Buyer and any subsequent assignee of Buyer permitted under the Repurchase Agreement and shall not be discharged by the assignment or negotiation of all or part thereof.

Appears in 4 contracts

Samples: Guaranty Agreement (Colony NorthStar Credit Real Estate, Inc.), Guaranty Agreement (NorthStar Real Estate Income Trust, Inc.), Guaranty Agreement (NorthStar Real Estate Income II, Inc.)

Nature of Guaranty. This Guaranty is irrevocable and an irrevocable, absolute, continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty guarantee of prompt and punctual payment and performance and is not merely a guaranty of collection. This Guaranty may not be revoked by Guarantor and shall continue to be effective with respect to any Guaranteed Obligations arising or created after any attempted revocation by Guarantor. This Guaranty may be enforced by Buyer and any subsequent assignee of Buyer under the Repurchase Agreement and shall not be discharged by the assignment or negotiation of all or part thereof.

Appears in 3 contracts

Samples: Guaranty Agreement (KKR Real Estate Finance Trust Inc.), Guaranty Agreement (KKR Real Estate Finance Trust Inc.), Guaranty Agreement (KKR Real Estate Finance Trust Inc.)

Nature of Guaranty. This Guaranty is irrevocable and an irrevocable, absolute, continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection. This Guaranty may not be revoked by Guarantor and if Guarantor is a natural person, shall continue to be effective after Guarantor's death (in which event this Guaranty shall be binding upon Guarantor's estate and heirs).

Appears in 3 contracts

Samples: Completion Guaranty (Nexpoint Diversified Real Estate Trust), Guaranty of Recourse Obligations (Nexpoint Diversified Real Estate Trust), Guaranty (Nexpoint Diversified Real Estate Trust)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collectioncollection and shall be operative and binding until the Guarantied Obligations shall have been indefeasibly paid and performed in full, the Credit Agreement and the other Loan Documents shall have been terminated and no commitment to extent credit to Borrower remains outstanding under the Credit Agreement.

Appears in 3 contracts

Samples: Guaranty, Guaranty (CityCenter Holdings, LLC), Guaranty (CityCenter Holdings, LLC)

Nature of Guaranty. This Guaranty is irrevocable and continuing ------------------ in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 2 contracts

Samples: Loan Agreement (MGM Grand Inc), Guaranty (Coast Hotels & Casinos Inc)

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Nature of Guaranty. This Guaranty is irrevocable and ------------------ continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Samples: Guaranty (West Marine Inc)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations obligations now existing or hereafter arisingarising . This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Samples: Line of Credit Agreement (California Beach Restaurants Inc)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Guaranteed Obligations now existing or hereafter arisingarising under or in connection with the Credit Agreement. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Guaranteed Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Samples: Guaranty (Harrahs Entertainment Inc)

Nature of Guaranty. This Subsidiary Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Subsidiary Guaranty is a guaranty of prompt and punctual payment pay- ment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Samples: Loan Agreement (Circus Circus Enterprises Inc)

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