Common use of Execution by Guarantor Clause in Contracts

Execution by Guarantor. The Guarantor hereby consents to the execution of this Amendment by the Borrower and reaffirms its guarantee of all of the obligations of the Borrower to the Lender. Borrower and Guarantor acknowledge and agree that the renewal, extension and amendment of the Loan Agreement shall not be considered a novation of account or new contract but that all of the existing rights, titles, powers, and estates in favor of the Lender constitute valid and existing obligations in favor of the Lender. Borrower and Guaranty hereby confirm and agree that (a) neither the execution of this Amendment or any other Loan Document nor the consummation of the transactions described herein and therein shall in any way effect, impair or limit the covenants, liabilities, obligations and duties of Borrower and the Guarantor under the Loan Documents and (b) the obligations evidenced and secured by the Loan Documents continue in full force and effect. The Guarantor hereby further confirms that it unconditionally guarantees to the extent set forth in its Guaranty the due and prompt payment and performance of any and all amounts and obligations owed to the Lender under the Loan Agreement or the other Loan Documents.