Common use of GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT Clause in Contracts

GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT. This Guaranty may be enforced only by the action of the Administrative Agent, in each case acting upon the instructions of the Required Lenders (to the extent required under the Credit Agreement) and no other Creditor Party will have any right individually to seek to enforce or to enforce this Guaranty or to realize upon the security (if any) to be granted by the Loan Documents, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent, for the benefit of the Creditor Parties, upon the terms of this Guaranty and the other Loan Documents. It is understood and agreed that the agreement in this Section 16 is solely for the benefit of the Creditor Parties.

Appears in 3 contracts

Samples: Credit Agreement (American Assets Trust, L.P.), Credit Agreement (American Assets Trust, L.P.), Assignment and Assumption (American Assets Trust, Inc.)

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GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT. This Guaranty may be enforced only by the action of the Administrative Agent, in each case acting upon the instructions of the Required Lenders (to the extent required under the Credit Term Loan Agreement) and no other Creditor Party will have any right individually to seek to enforce or to enforce this Guaranty or to realize upon the security (if any) to be granted by the Loan Documents, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent, for the benefit of the Creditor Parties, upon the terms of this Guaranty and the other Loan Documents. It is understood and agreed that the agreement in this Section 16 is solely for the benefit of the Creditor Parties.

Appears in 2 contracts

Samples: Assignment and Assumption (American Assets Trust, L.P.), Term Loan Agreement (American Assets Trust, L.P.)

GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT. This Guaranty may be enforced only by the action of the Administrative Agent, in each case acting upon the instructions of the Required Lenders (to the extent required under the Credit Agreement) and no other Creditor Secured Party will have any right individually to seek to enforce or to enforce this Guaranty or to realize upon the security (if any) to be granted by the Loan Documents, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent, for the benefit of the Creditor Secured Parties, upon the terms of this Guaranty and the other Loan Documents. It is understood and agreed that the agreement in this Section 16 is solely for the benefit of the Creditor Secured Parties.

Appears in 1 contract

Samples: Continuing Guaranty (Corporate Property Associates 16 Global Inc)

GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT. This Guaranty may be enforced only by the action of the Administrative Agent, acting in each case acting upon the instructions accordance with Sections 8.02(c) and 10.03 of the Required Lenders (to the extent required under the Credit Agreement) , and no other Creditor Secured Party will have any right individually to seek to enforce or to enforce this Guaranty or to realize upon the security (if any) to be granted by the Loan Documents, it being understood and agreed that such rights and remedies may be exercised by the Administrative AgentAgent acting in accordance with Section 8.02(c) of the Credit Agreement, for the benefit of the Creditor Secured Parties, upon the terms of this Guaranty and the other Loan Documents. It is understood and agreed that the agreement in this Section 16 15 is solely for the benefit of the Creditor Secured Parties.

Appears in 1 contract

Samples: Continuing Guaranty (Fairpoint Communications Inc)

GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT. This Guaranty may be enforced only by the action of the Administrative Agent, in each case acting upon the instructions of the Required Lenders (to the extent required under the Credit Term Loan Agreement) and no other Creditor Guaranteed Party will have any right individually to seek to enforce or to enforce this Guaranty or to realize upon the security (if any) to be granted by the Loan DocumentsGuaranty, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent, for the benefit of the Creditor Guaranteed Parties, upon the terms of this Guaranty and the other Loan Documents. It is understood and agreed that the agreement in this Section 16 is solely for the benefit of the Creditor Guaranteed Parties.

Appears in 1 contract

Samples: Term Loan Agreement (Empire State Realty OP, L.P.)

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GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT. This Guaranty may be enforced only by the action of the Administrative Agent, in each case acting upon the instructions in accordance with Sections 8.02(c) and 10.03 of the Required Lenders (to the extent required under the Credit Agreement) Agreement and no other Creditor Secured Party will have any right individually to seek to enforce or to enforce this Guaranty or to realize upon the security (if any) to be granted by the Loan Documents, it being understood and agreed that such rights and remedies may be exercised by the Administrative AgentAgent acting in accordance with Section 8.02(c) of the Credit Agreement, for the benefit of the Creditor Secured Parties, upon the terms of this Guaranty and the other Loan Documents. It is understood and agreed that the agreement in this Section 16 17 is solely for the benefit of the Creditor Secured Parties.

Appears in 1 contract

Samples: Continuing Guaranty (Fairpoint Communications Inc)

GUARANTY ENFORCEABLE BY ADMINISTRATIVE AGENT. This Guaranty may be enforced only by the action of the Administrative Agent, in each case acting upon the instructions of the Required Lenders (to the extent required under the Credit Agreement) and that no other Creditor Secured Party will have any right individually to seek to enforce or to enforce this Guaranty or to realize upon the security (if any) to be granted by the Loan Documents, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent, for the benefit of the Creditor Secured Parties, upon the terms of this Guaranty and the other Loan Documents. It is understood and agreed that the agreement in this Section 16 is solely for the benefit of the Creditor Secured Parties.

Appears in 1 contract

Samples: Continuing Guaranty (Colony Financial, Inc.)

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