Common use of Guaranty of Obligation Clause in Contracts

Guaranty of Obligation. Guarantors hereby irrevocably guarantee, jointly and severally, to the Loan Parties (a) the due and punctual payment of the Guaranteed Debt, and (b) the timely performance of all other obligations now or hereafter owed by Borrower to the Loan Parties under the Credit Agreement. Each Guarantor hereby irrevocably covenants and agrees that it is liable for the Guaranteed Debt as primary obligor.

Appears in 3 contracts

Samples: Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co)

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Guaranty of Obligation. Guarantors Guarantor hereby irrevocably guarantee, jointly and severally, unconditionally guarantees to the Loan Parties (a) the due and punctual payment of the Guaranteed Debt, and (b) the timely performance of all other obligations now or hereafter owed by Borrower to the Loan Parties under the Credit Agreement. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Debt as primary obligor.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

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