Common use of THIRD PARTY GUARANTY Clause in Contracts

THIRD PARTY GUARANTY. In an Event of a Default, and without waiving any other rights or remedies, Lender shall have the right to repayment of the Obligation pursuant to Guaranties from Seven Arts Pictures, Inc., a Nevada corporation, Seven Arts Pictures, PLC, a regulated company in the United Kingdom, and Seven Arts Pictures International ("Guarantors"), which provides in part for repayment of all amounts owed pursuant to the Loan Documents..