Common use of The Guaranteed Obligations Clause in Contracts

The Guaranteed Obligations. (a) In order to induce the Lenders to enter into this Agreement and extend credit hereunder, each of the Initial Guarantors irrevocably and unconditionally guarantees, on a joint and several basis, the full and prompt payment when due (whether by acceleration or otherwise) of the principal of and interest on any Note issued under this Agreement and of all other obligations and liabilities (including, without limitation, indemnities, Fees and interest thereon) of the Borrower now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit Document and the due performance and compliance with the terms of the Credit Documents by the Borrower (all such principal, interest, obligations and liabilities, collectively, the "Guaranteed Obligations"). Each of the Initial Guarantors understands, agrees and confirms that the Lenders may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Initial Guarantors without proceeding against the Borrower, against any security for the Guaranteed Obligations or against any other Guarantor under any other Guaranty covering the Guaranteed Obligations. Each of the Initial Guarantors irrevocably and unconditionally promises, on a joint and several basis, to pay such Guaranteed Obligations to the Lenders, on demand, in Dollars. This Guaranty shall constitute a guaranty of payment and not of collection. All obligations of the Initial Guarantors hereunder shall be joint and several.

The Guaranteed Obligations. (a) In order to induce the Lenders to enter into this Agreement Each Guarantor, jointly and extend credit hereunderseverally, each of the Initial Guarantors hereby irrevocably and unconditionally guaranteesguarantees (such guaranty, on a joint and several basis, “Guaranty”) the full and prompt payment when due (whether by acceleration or otherwise) of the principal of and interest on any Note issued under this Agreement and of all other obligations and liabilities (including, without limitation, indemnities, Fees fees and interest thereon) of the Borrower now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit Loan Document and the due performance and compliance with the terms of the Credit Loan Documents by the Borrower (all such principal, interest, obligations and liabilities, collectively, the "“Guaranteed Obligations"”). Each of the Initial Guarantors Guarantor understands, agrees and confirms that the Lenders may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Initial Guarantors it without proceeding against the Borrower, against any security for the Guaranteed Obligations or against any other Guarantor under any other Guaranty guaranty covering the Guaranteed Obligations. Each of the Initial Guarantors irrevocably and unconditionally promises, on a joint and several basis, promises to pay such Guaranteed Obligations to the Lenders, on demand, in Dollars, on the same basis as payments by the Borrower are required to be made under Sections 2.09(a), 2.10(a) and 2.10(b). Each Guarantor hereby represents and acknowledges that based on the business, corporate, legal and financial relations it maintains with the Borrower, it is in its best interest to enter into this Agreement as joint obligor of the Borrower regarding all of the Borrower’s obligations hereunder and to subscribe as an “aval” to any Note. This Guaranty shall constitute a guaranty of payment and not of collection. All obligations of the Initial Guarantors hereunder shall be joint and several.

The Guaranteed Obligations. (a) In order to induce the Lenders to enter into this Agreement Each Guarantor, jointly and extend credit hereunderseverally, each of the Initial Guarantors hereby irrevocably and unconditionally guaranteesguarantees (such guaranty, on a joint and several basis, "Guaranty") the full and prompt payment when due (whether by acceleration or otherwise) of the principal of and interest on any Note issued under this Agreement and of all other obligations and liabilities (including, without limitation, indemnities, Fees fees and interest thereon) of the Borrower now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit Loan Document and the due performance and compliance with the terms of the Credit Loan Documents by the Borrower (all such principal, interest, obligations and liabilities, collectively, the "Guaranteed Obligations"). Each of the Initial Guarantors Guarantor understands, agrees and confirms that the Lenders may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Initial Guarantors it without proceeding against the Borrower, against any security for the Guaranteed Obligations or against any other Guarantor under any other Guaranty covering the Guaranteed Obligations. Each of the Initial Guarantors irrevocably and unconditionally promises, on a joint and several basis, promises to pay such Guaranteed Obligations to the Lenders, on demand, in Dollars, on the same basis as payments by the Borrower are required to be made under Sections 2.09(a), 2.10(a) and 2.10(b). This Guaranty shall constitute a guaranty of payment and not of collection. All obligations of the Initial Guarantors hereunder shall be joint and several.

The Guaranteed Obligations. (a) In order to induce the Lenders to enter into this Agreement and extend credit hereunderThe Guarantor hereby irrevocably, each of the Initial Guarantors irrevocably absolutely and unconditionally guarantees, on a joint as primary obligor and several basisnot merely as surety, to the Guaranteed Creditors the full and prompt payment when due (whether by upon maturity, acceleration or otherwise) of any and all of the principal Guaranteed Obligations of the Borrower. If any or all of the Guaranteed Obligations of the Borrower to the Guaranteed Creditors becomes due and interest payable hereunder, the Guarantor hereby irrevocably, absolutely and unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand, in Dollars, together with any Note issued under this Agreement and all expenses which may be incurred by the Guaranteed Creditors in collecting any of all other obligations and liabilities the Guaranteed Obligations (including, without limitation, indemnities, Fees and interest thereon) the payment of the Borrower now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit Document and the due performance and compliance with the terms of the Credit Documents by the Borrower (all such principal, interest, obligations and liabilities, collectively, the "Guaranteed Obligations"stamp taxes). Each of the Initial Guarantors The Guarantor understands, agrees and confirms that the Lenders Guaranteed Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against the Initial Guarantors Guarantor without proceeding against the Borrower, against any security for the Guaranteed Obligations (to the extent applicable) or against any other Guarantor guarantor under any other Guaranty guaranty covering the Guaranteed Obligations. Each of the Initial Guarantors irrevocably and unconditionally promises, on a joint and several basis, to pay such Guaranteed Obligations to the Lenders, on demand, in Dollars. This Guaranty shall constitute a guaranty of payment and not of collection. All obligations of the Initial Guarantors hereunder shall be joint and several.