Common use of Guaranty of Payment Clause in Contracts

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender to xxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 5 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (New Age Beverages Corp), Loan and Security Agreement (Janel Corp)

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Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx sxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 4 contracts

Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Aytu Biopharma, Inc), Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, Obligor or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Kaspien Holdings Inc.), Loan and Security Agreement (Trans World Entertainment Corp), Loan and Security Agreement (Trans World Entertainment Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require the Administrative Agent, the Issuing Bank or any Lender to xxx or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligorother guarantor of, or any other Person obligated for for, all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment rights against any Collateral collateral securing all or any part of the Guaranteed Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)

Guaranty of Payment. This Loan Party Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor Guarantor waives any right to require the Agent, Issuer or any Lender to xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, Guarantor or any other Person person obligated for all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any Collateral collateral securing all or any part of the Guaranteed Obligations.

Appears in 2 contracts

Samples: Security Agreement (TCP International Holdings Ltd.), Security Agreement (TCP International Holdings Ltd.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to xxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other ObligorParty, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Olb Group, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender to xxx sxx or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (usell.com, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to xxx sxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (NXT-Id, Inc.)

Guaranty of Payment. (a) This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender to xxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Sypris Solutions Inc)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Ranger Energy Services, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender to xxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other Obligor, Obligor or any other Person obligated for all or any part of the Obligations, Obligations or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Swisher Hygiene Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx sue or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, Obligor or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Kaspien Holdings Inc.)

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Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to xxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other ObligorParty, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Excel Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations. 00.0.

Appears in 1 contract

Samples: Loan and Security Agreement (Neos Therapeutics, Inc.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender to xxx sxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Janel Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx or otherwise take action against any Borrower, any other Loan Party Obligor, any Other ObligorParty, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Global Corp)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Lender Agent to xxx sue or otherwise take action against any Borrower, any other Loan Party ObligorParty, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (LIVE VENTURES Inc)

Guaranty of Payment. This Loan Party Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor Guarantor waives any right to require the Agent, Issuer or any Lender to xxx or otherwise take action against Borrowersue any Xxxrower, any other Loan Party Obligor, any Other Obligor, Guarantor or any other Person person obligated for all or any part of the ObligationsGuaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any Collateral collateral securing all or any part of the Guaranteed Obligations.

Appears in 1 contract

Samples: Revolving Creditandsecurity Agreement (TCP International Holdings Ltd.)

Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Party Obligor waives any right to require Agent or any Lender to xxx or otherwise take action against Borrower, any other Loan Party Obligor, any Other Obligor, or any other Person obligated for all or any part of the Obligations, or otherwise to enforce its payment against any Collateral securing all or any part of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Sypris Solutions Inc)

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