Common use of Xxxxxxxx of Payment and Performance Clause in Contracts

Xxxxxxxx of Payment and Performance. Subject to Section 6B.7, the Guarantors hereby unconditionally guarantee to each Financing Party the prompt payment and performance of the Obligations in full when due (whether at stated maturity, as a mandatory repayment or prepayment, by acceleration or otherwise) or when such is otherwise to be performed. This Section 6B is a guaranty of payment and performance and not of collection and is a continuing guaranty and shall apply to all Obligations whenever arising.

Appears in 3 contracts

Samples: Fourth Amendment to Certain Operative Agreements (Big Lots Inc), Fourth Amendment to Certain Operative Agreements (Big Lots Inc), Operative Agreements (Big Lots Inc)

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Xxxxxxxx of Payment and Performance. Subject to Section 6B.7, the Guarantors hereby unconditionally guarantee to each Financing Party the prompt payment and performance of the Company Obligations in full when due (whether at stated maturity, as a mandatory repayment or prepayment, by acceleration or otherwise) or when such is otherwise to be performed. This Section 6B is a guaranty of payment and performance and not of collection and is a continuing guaranty and shall apply to all Company Obligations whenever arising.

Appears in 1 contract

Samples: Participation Agreement (Big Lots Inc)

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