The Guaranty. Subject to Section 9 hereof, the Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower to pay punctually any such amount, the Guarantor agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor waives any right to require the Agent or any Bank to xxx the Borrowers, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 4 contracts
Samples: Guaranty Agreement (Asset Acceptance Capital Corp), Guaranty Agreement (Asset Acceptance Capital Corp), Guaranty Agreement (Asset Acceptance Capital Corp)
The Guaranty. Subject to Section 9 hereof, the Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Guaranteed Obligations, including without limitation any such Obligations or Rate Management Guaranteed Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations")proceeding. Upon failure by any Borrower Debtor to pay punctually any such amountGuaranteed Obligation, the Guarantor agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount Guaranteed Obligation not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction the relevant Loan Document or the relevant other Loan Documentagreement relating to any Swap Agreement Obligations or Banking Services Obligations, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor waives any right to require the Agent or any Bank Lender to xxx the Borrowersany Debtor, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.. As used in this Guaranty:
Appears in 3 contracts
Samples: Credit Agreement (Spartan Motors Inc), Credit Agreement (Spartan Motors Inc), Credit Agreement (Spartan Motors Inc)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks and, if applicable, their AffiliatesLenders, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, Note or any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Guarantors hereby absolutely absolutely, irrevocably and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter, at the time and place and in the manner provided for in the Credit Agreement) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any the Borrower to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their AffiliatesLenders, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, Note or any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a continuing guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersBorrower, any other guarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)
The Guaranty. Subject to Section 9 10 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Credit Party Obligations, including without limitation any such Obligations or Rate Management Credit Party Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 10 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction Note or the relevant other Loan Credit Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Lenders or the Administrative Agent or any Bank to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Pulte Homes Inc/Mi/), Credit Agreement (Pulte Homes Inc/Mi/)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Amli Residential Properties Trust), Credit Agreement (Matrix Service Co)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Guaranteed Obligations and the Rate Management Obligations, including without limitation any such Guaranteed Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations")proceeding. Upon failure by any Borrower the Principals to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Lender to xxx the Borrowersany Principal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 2 contracts
Samples: Subsidiary Guaranty (Exco Resources Inc), Subsidiary Guaranty (Exco Resources Inc)
The Guaranty. Subject to Section 9 10 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Credit Party Obligations, including without limitation any such Obligations or Rate Management Credit Party Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 10 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction Note or the relevant other Loan Credit Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Lenders or the Administrative Agent or any Bank to xxx sxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and (including the Rate Management Obligations and the Bank Product Obligations), including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Borrowers to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction, any Bank Product Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx any of the Borrowers, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Guaranty (Midas Inc)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Company to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Holders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Note Agreement, any Note, any Rate Management Transaction Note or the relevant other Loan Note Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Holder to xxx the BorrowersCompany, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Revolving Credit Facility (NewStar Financial, Inc.)
The Guaranty. Subject to Section 9 10 hereof, the Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturitymaturity or due date, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of all obligations of XX Xxxxxxxxx arising under the Obligations and the Rate Management ObligationsLease Agreement, including without limitation any such Obligations or Rate Management Obligations obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 10 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower XX Xxxxxxxxx to pay punctually any such amount, the Guarantor agrees that it shall forthwith on demand pay to the Agent for Lessor or the benefit of the Banks andCity, if as applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Lease Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor waives any right to require the Agent or any Bank Lessor to xxx the Borrowerssue XX Xxxxxxxxx, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Unconditional Guaranty
The Guaranty. Subject to Section 9 10 hereof, the Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturitymaturity or due date, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of all obligations of MS Westfield arising under the Obligations and the Rate Management ObligationsLease Agreement, including without limitation any such Obligations or Rate Management Obligations obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 10 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower MS Westfield to pay punctually any such amount, the Guarantor agrees that it shall forthwith on demand pay to the Agent for Lessor or the benefit of the Banks andCity, if as applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Lease Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor waives any right to require the Agent or any Bank Lessor to xxx the BorrowersXX Xxxxxxxxx, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Unconditional Guaranty
The Guaranty. Subject to Section 9 10 hereof, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 10 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Guarantors agrees jointly and severally, that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Guaranty (SCP Pool Corp)
The Guaranty. Subject to Section 9 hereof, the Subsidiary Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, the Subsidiary Guarantor agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Subsidiary Guarantor waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter, at the time and in the manner and otherwise in accordance with the terms of the Credit Agreement) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any the Borrower to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their AffiliatesLenders, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, Note or any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a continuing guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersBorrower, any other guarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, the Subsidiary Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, the Subsidiary Guarantor agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and the Agent and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Subsidiary Guarantor waives any right to require the Agent or any Bank Lender to sue xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Subsidiary Guaranty (Xeta Corp)
The Guaranty. Subject to Section 9 hereof9, each of the Guarantor hereby Guarantors hereby, jointly and severally, absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter, at the time and in the manner and otherwise in accordance with the terms of the Credit Agreement) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof9, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any the Borrower to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their AffiliatesSecured Parties, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, Note or any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a continuing guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersBorrower, any other guarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the Borrowersany Borrower, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Senior Term Credit Agreement (Clayton Williams Energy Inc /De)
The Guaranty. Subject to Section 9 hereof, the Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or and the Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any the Borrower to pay punctually any such amount, the Guarantor agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor waives any right to require the Agent or any Bank Lender to xxx the BorrowersBorrower, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Credit Agreement (Amli Residential Properties Trust)
The Guaranty. Subject to Section 9 hereof9, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter, at the time and in the manner and otherwise in accordance with the terms of the Credit Agreement) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof9, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any the Borrower to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their AffiliatesLenders and the Issuers, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, Note or any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a continuing guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent Agent, any Lender or any Bank Issuer to xxx the BorrowersBorrower, any other guarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, the The Parent Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”); provided that the “Guaranteed Obligations” shall exclude any Excluded Swap Obligations. Upon failure by any the US Borrower to pay punctually any such amount, the Parent Guarantor agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, Guaranteed Cash Management Agreement or Guaranteed Hedge Agreement, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Parent Guarantor waives any right to require the Agent or any Bank Lender to xxx the BorrowersUS Borrower, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the all Secured Obligations and the Rate Management Obligationsowing to any Secured Party, including without limitation any such Obligations or Rate Management Secured Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any the Borrower to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks and, if applicable, their Affiliates, Secured Parties the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Administrative Agent or any Bank Secured Party to xxx sue the BorrowersBorrower, any other guarantor, or any other person obligated for xxr all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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Samples: Guaranty (Newpark Resources Inc)
The Guaranty. Subject to Section 9 hereof, the Subsidiary Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Guaranteed Obligations and the Rate Management Obligations, including without limitation any such Guaranteed Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations")proceeding. Upon failure by any Borrower the Borrowers to pay punctually any such amount, the Subsidiary Guarantor agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Subsidiary Guarantor waives any right to require the Agent or any Bank Lender to xxx the Borrowersany Borrower, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Loan Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Banks to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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The Guaranty. Subject to Section 9 hereof, the Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any the Borrower to pay punctually any such amount, the Guarantor agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor hereby waives any right to require the Agent or any Bank Lender to xxx the BorrowersBorrower, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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Samples: Guaranty (Petroquest Energy Inc)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of all obligations of the Obligations Principal under the Credit Agreement and the Rate Management Obligations, including including, without limitation limitation, any such Obligations obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their 102 Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Lender to xxx the Borrowerssux xhe Principal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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The Guaranty. Subject to Section 9 10 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 10 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction Note or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Lenders or the Administrative Agent or any Bank to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Credit Agreement (NVR Inc)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management ObligationsObligations with the Lenders, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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Samples: Subsidiary Guaranty (Magnetek Inc)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Reimbursement Obligations and the Rate Management Obligationsother Obligations of RSC, including without limitation any such Reimbursement Obligations or Rate Management and other Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction Agreement or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantorGuarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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The Guaranty. Subject to Section 9 hereof9, each of the Guarantor hereby Guarantors hereby, jointly and severally, absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter, at the time and in the manner and otherwise in accordance with the terms of the Credit Agreement) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof9, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any the Borrower to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their AffiliatesSecured Parties, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, Note or any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a continuing guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent Agent, any Lender or any Bank Issuer to xxx the BorrowersBorrower, any other guarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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The Guaranty. Subject to Section 9 hereof, the Subsidiary Guarantor hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Secured Obligations, including without limitation any such Obligations or Rate Management Secured Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, the Subsidiary Guarantor agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Subsidiary Guarantor waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
Samples: Credit Agreement (Cimarex Energy Co)
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantorGuarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, each of the Guarantor ------------ Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Secured Obligations, including without limitation any such Obligations or Rate Management Secured Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on written demand pay to the Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the applicable Credit Agreement, any Note, any Rate Management Transaction Note or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 10 hereof, each of the Guarantor Subsidiary Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Credit Party Obligations, including without limitation any such Obligations or Rate Management Credit Party Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 10 hereof, being referred to collectively as the "Guaranteed Obligations"). Upon failure by any Borrower the Principal to pay punctually any such amount, each of the Guarantor Subsidiary Guarantors agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Banks Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, any Rate Management Transaction Note or the relevant other Loan Credit Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Lenders or the Administrative Agent or any Bank to xxx sue the BorrowersPrincipal, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
Appears in 1 contract
The Guaranty. Subject to Section 9 hereof, each of the Guarantor Guarantors hereby absolutely and unconditionally guarantees, as primary obligor and not as surety, the full and punctual payment (whether at stated maturity, upon acceleration or early termination or otherwise, and at all times thereafter) and performance of the Obligations and the Rate Management Obligations, including without limitation any such Obligations or Rate Management Obligations incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not allowed or allowable in such proceeding (collectively, subject to the provisions of Section 9 hereof, being referred to collectively as the "“Guaranteed Obligations"”). Upon failure by any the Borrower to pay punctually any such amount, each of the Guarantor Guarantors agrees that it shall forthwith on demand pay to the Agent for the benefit of the Banks and, if applicable, their AffiliatesLenders, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, Note or any Rate Management Transaction or the relevant other Loan Document, as the case may be. This Guaranty is a guaranty of payment and not of collection. The Guarantor Each of the Guarantors waives any right to require the Agent or any Bank Lender to xxx the BorrowersBorrower, any other guarantor, or any other person Person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.
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