Common use of Performance Guarantor’s Further Agreements to Pay Clause in Contracts

Performance Guarantor’s Further Agreements to Pay. The Performance Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to each Guarantied Party, forthwith upon demand in funds immediately available to such Guarantied Party, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by such Guarantied Party in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the rate or interest most recently published in The Wall Street Journal as the “Prime Rate” plus 2%. Changes in the rate payable hereunder shall be effective on each date on which a change in the “Prime Rate” is published.

Performance Guarantor’s Further Agreements to Pay. The Performance Guarantor further agrees, as the principal obligor and not as a guarantor only, to that on and after the Effective Date it will pay to each Guarantied Guaranteed Party, forthwith upon demand in funds immediately available to such Guarantied Guaranteed Party, all reasonable costs and expenses (including court costs and reasonable legal expenses) incurred or expended by such Guarantied Guaranteed Party in connection with the Obligations, enforcement of the Obligations and this Guaranty and the enforcement thereofGuaranty, together with interest on amounts recoverable under this Guaranty from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the rate or of interest most recently published in The Wall Street Journal as the “Prime Rate” plus 2%. Changes in the rate payable hereunder shall be effective on each date on which a change in the “Prime Rate” is published.

Performance Guarantor’s Further Agreements to Pay. The Performance Guarantor Wyndham Worldwide further agrees, as the principal obligor and not as a guarantor only, to that it will pay to each Guarantied Guaranteed Party, forthwith upon demand in funds immediately available to such Guarantied Guaranteed Party, all reasonable costs and expenses (including court costs and reasonable legal expenses) incurred or expended by such Guarantied Guaranteed Party in connection with the Obligations, enforcement of the Obligations and this Guaranty and the enforcement thereofGuaranty, together with interest on amounts recoverable under this Guaranty from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the rate or of interest most recently published in The Wall Street Journal as the “Prime Rate” plus 2%. Changes in the rate payable hereunder shall be effective on each date on which a change in the “Prime Rate” is published.

Performance Guarantor’s Further Agreements to Pay. The Performance Guarantor Cendant and Wyndham Worldwide each further agrees, as the principal obligor and not as a guarantor only, to that it will pay to each Guarantied Guaranteed Party, forthwith upon demand in funds immediately available to such Guarantied Guaranteed Party, all reasonable costs and expenses (including court costs and reasonable legal expenses) incurred or expended by such Guarantied Guaranteed Party in connection with the Obligations, enforcement of the Obligations and this Guaranty and the enforcement thereofGuaranty, together with interest on amounts recoverable under this Guaranty from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the rate or of interest most recently published in The Wall Street Journal as the “Prime Rate” plus 2%. Changes in the rate payable hereunder shall be effective on each date on which a change in the “Prime Rate” is published.

Performance Guarantor’s Further Agreements to Pay. The Performance Guarantor further agreesagrees on and after the Effective Date, as the principal obligor and not as a guarantor only, to pay to each Guarantied Party, forthwith upon demand in funds immediately available to such Guarantied Party, all reasonable costs and expenses (including court costs and reasonable legal expenses) incurred or expended by such Guarantied Party in connection with the Obligations, enforcement of the Obligations and this Guaranty and the enforcement thereofGuaranty, together with interest on amounts recoverable under this Guaranty from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the rate or of interest most recently published in The Wall Street Journal as the “Prime Rate” plus 2%. Changes in the rate payable hereunder shall be effective on each date on which a change in the “Prime Rate” is published.

Performance Guarantor’s Further Agreements to Pay. The Performance Guarantor Wyndham Destinations further agrees, as the principal obligor and not as a guarantor only, to that it will pay to each Guarantied Guaranteed Party, forthwith upon demand in funds immediately available to such Guarantied Guaranteed Party, all reasonable costs and expenses (including court costs and reasonable legal expenses) incurred or expended by such Guarantied Guaranteed Party in connection with the Obligations, enforcement of the Obligations and this Guaranty and the enforcement thereofGuaranty, together with interest on amounts recoverable under this Guaranty from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the rate or of interest most recently published in The Wall Street Journal as the “Prime Rate” plus 2%. Changes in the rate payable hereunder shall be effective on each date on which a change in the “Prime Rate” is published.

Performance Guarantor’s Further Agreements to Pay. The Performance Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to each Guarantied Party, forthwith upon demand in funds immediately available to such Guarantied Party, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by such Guarantied Party in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the rate or interest most recently published in The Wall Street Journal as the “"Prime Rate” " plus 2%. Changes in the rate payable hereunder shall be effective on each date on which a change in the “"Prime Rate” " is published.