8.06 Instrument for the Payment of Money Sample Clauses


8.06 Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this Article VIII constitutes an instrument for the payment of money, and consents and agrees that any Noteholder, at its sole option, in the event of a dispute by such Guarantor as to the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213.