Common use of Nature of the Guaranty Clause in Contracts

Nature of the Guaranty. This Guaranty: (a) is (i) irrevocable; (ii) absolute and unconditional; (iii) direct, immediate and primary; and (iv) one of payment and not just collection; and (b) makes the Guarantor a surety to Investors and primarily liable with the Issuer.

Appears in 3 contracts

Samples: Guaranty Agreement (Heng Fung Holdings Co LTD), Guaranty Agreement (Evision Usa Com Inc), Guaranty Agreement (Fronteer Financial Holdings LTD)

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Nature of the Guaranty. This Guaranty: (a) is (i) irrevocable; (ii) absolute and unconditional; (iii) direct, immediate and primary; and (iv) one of payment and not just collection; and (b) makes the Guarantor a surety to Investors GE Capital and primarily liable with the IssuerBorrower.

Appears in 2 contracts

Samples: Guaranty Agreement (Leisure Time Casinos & Resorts Inc), Guaranty Agreement (Leisure Time Casinos & Resorts Inc)

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