Common use of Guaranty Payments Clause in Contracts

Guaranty Payments. Any payment received by Administrative ----------------- Agent pursuant to the Guaranty shall be distributed forthwith or retained by Administrative Agent in the same manner and subject to the same conditions as provided in this Article III with respect to payments received by Administrative ----------- Agent in respect of Borrower's obligation as to which such payment relates, all as if such payment had been made by Borrower.

Guaranty Payments. Any payment received by Administrative ----------------- Agent from Guarantor pursuant to the Guaranty shall be distributed forthwith or retained by Administrative Agent Trustee in the same manner and subject to the same conditions as provided in this Article III with respect to payments received by Administrative ----------- Agent Trustee in respect of Borrower's obligation as to which such payment relates, all as if such payment had been made by Borrower.Borrower out of Rent received under the Lease. ARTICLE IV

Guaranty Payments. Any payment received by the Administrative ----------------- Agent from a Guarantor pursuant to the Guaranty shall be distributed forthwith or retained by Administrative Agent the Trustee in the same manner and subject to the same conditions as provided in this Article III with respect to payments received by Administrative ----------- Agent the Trustee in respect of the Borrower's obligation as to which such payment relates, all as if such payment had been made by Borrowerthe Borrower out of Rent received under the Master Lease and one or more Lease Supplements.