Common use of Not a Collection Guaranty Clause in Contracts

Not a Collection Guaranty. This Guaranty Agreement is a guaranty of payment and not a guaranty of collection. The Guarantor waives any right to require the Administrative Agent at any time to (i) proceed against the Borrower or any other guarantor now or hereafter guaranteeing any obligations under any of the Loan Documents, (ii) proceed against or exhaust any security for the Lender Indebtedness or (iii) pursue any other remedy in the Administrative Agent's or any Lender's power whatsoever.

Appears in 2 contracts

Samples: Credit Agreement (Hiland Partners, LP), Credit Agreement (Hiland Holdings GP, LP)

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Not a Collection Guaranty. This Guaranty Agreement is a guaranty of payment and not a guaranty of collection. The Guarantor waives any right to require the Administrative Agent Bank at any time to (i) proceed against the Borrower or any other guarantor now or hereafter guaranteeing any obligations under any of the Loan Documents, (ii) proceed against or exhaust any security for the Lender Indebtedness Obligations, or (iii) pursue any other remedy in the Administrative Agent's or any LenderBank's power whatsoever.

Appears in 2 contracts

Samples: Limited Guaranty and Suretyship Agreement (Glimcher Realty Trust), Limited Guaranty and Suretyship Agreement (Glimcher Realty Trust)

Not a Collection Guaranty. This Guaranty Agreement is a guaranty of payment and not a guaranty of collection. The Guarantor waives any right to require the Administrative Agent at any time to (i) proceed against the Borrower or any other guarantor now or hereafter guaranteeing any obligations under any of the Loan Documents, (ii) proceed against or exhaust any security for the Lender Indebtedness or (iii) pursue any other remedy in the Administrative Agent's ’s or any Lender's ’s power whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Natural Resource Partners Lp)

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Not a Collection Guaranty. This Guaranty Agreement is a guaranty of payment and not a guaranty of collection. The Guarantor waives any right to require the Administrative Agent at any time to (i) proceed against the Borrower or any other guarantor now or hereafter guaranteeing any obligations under any of the Loan Documents, (ii) proceed against or exhaust any security for the Lender Indebtedness Obligations or (iii) pursue any other remedy in the Administrative Agent's ’s or any Lender's ’s power whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Natural Resource Partners Lp)

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