Common use of Secured Guarantee Clause in Contracts

Secured Guarantee. 2 The Pledgor unconditionally guarantees the full and punctual payment of each Secured Obligation when due (whether at stated maturity, upon acceleration or otherwise). The Pledgor acknowledges that, by signing this Pledge Agreement Supplement and delivering it to the Secured Party, the Pledgor becomes a Guarantor and Pledgor for all purposes of the Pledge Agreement and that its obligations under the foregoing Secured Guarantee 1 If the Pledgor is the Borrower, delete this recital and Section 1 hereof. are subject to all the provisions of the Pledge Agreement (including those set forth in Section 2 thereof) applicable to the obligations of a Guarantor thereunder.

Secured Guarantee. 2 The Pledgor unconditionally guarantees the full and punctual payment of each Secured Obligation when due (whether at stated maturity, upon acceleration or otherwise). The Pledgor acknowledges that, by signing this Pledge Agreement Supplement and delivering it to the Secured Party, the Pledgor becomes a Guarantor “Guarantor” and Pledgor “Pledgor” for all purposes of the Pledge Agreement and that its obligations under the foregoing Secured Guarantee 1 If the Pledgor is the Borrower, delete this recital and Section 1 hereof. 2 Delete this Section if the Pledgor is the Borrower or a Guarantor that is already a party to the Pledge Agreement. are subject to all the provisions of the Pledge Agreement (including those set forth in Section 2 thereof) applicable to the obligations of a Guarantor thereunder.