Common use of Term of Guaranty; Warranties Clause in Contracts

Term of Guaranty; Warranties. This Guaranty shall continue in full force and effect until the Indebtedness is fully paid, performed, and discharged. Each Guarantor warrants and represents to the Lender that (a) the Guarantor will directly benefit from the financial accommodations being extended to the Borrower by the Lender; (b) this Guaranty is binding upon and enforceable against the Guarantor, in accordance with its terms; (c) the execution and delivery of this Guaranty do not violate or constitute a breach of any agreement to which either Guarantor is a party or of any applicable laws; and (d) there is no litigation, claim, action, or proceeding pending, or, to the best knowledge of the Guarantor, threatened against the Guarantor that would materially adversely affect the financial condition of the Guarantor or its ability to fulfill its obligations hereunder.

Term of Guaranty; Warranties. This Guaranty shall continue in full force and effect until the Indebtedness is Obligations are fully paid, performed, and discharged. Each Guarantor warrants and represents to the Lender Purchasers that (a) the each Guarantor will directly benefit from the financial accommodations being extended to the Borrower Company by the LenderPurchasers; (b) this Guaranty is binding upon and enforceable against the each Guarantor, in accordance with its terms; (c) the execution and delivery of this Guaranty do not violate or constitute a breach of any agreement to which either any Guarantor is a party or of any applicable laws; and (d) there is no litigation, claim, action, or proceeding pending, or, to the best knowledge of the each Guarantor, threatened against the any Guarantor that would materially adversely affect the financial condition of the any Guarantor or its ability to fulfill its obligations hereunder.