Common use of This Guaranty Clause in Contracts

This Guaranty. The parties hereto have entered into this Guaranty with respect to certain actions to be taken by the Secured Parties and the Relevant Parties under the Financing Documents, all as specified herein. This Guaranty is for the direct benefit of the Collateral and Paying Agent on behalf of the Secured Parties only; under no circumstances shall the Issuer be a third party beneficiary of this Guaranty.