Common use of Guaranty of Payment and Performance Clause in Contracts

Guaranty of Payment and Performance. This Guaranty constitutes a guarantee of payment and performance when due and not of collection and each Guarantor waives any right to require that any resort be had by any Guaranteed Party to the Borrower, any other guarantor, any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Guaranteed Obligations or any balance of any deposit account or credit on the books of any Guaranteed Party in favor of the Borrower or any other Person.

Appears in 9 contracts

Samples: Guaranty (Nexstar Broadcasting Group Inc), Obligations) (Nexstar Broadcasting Group Inc), Mission Obligations) (Nexstar Broadcasting Group Inc)

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Guaranty of Payment and Performance. This Guaranty constitutes a ----------------------------------- guarantee of payment and performance when due and not of collection and each Guarantor waives any right to require that any resort be had by any Guaranteed Party to the Borrower, any other guarantor, any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Guaranteed Obligations or any balance of any deposit account or credit on the books of any Guaranteed Party in favor of the Borrower or any other Person.

Appears in 4 contracts

Samples: Subsidiary Guaranty (Nexstar Broadcasting of the Wichita Falls LLC), Nexstar Broadcasting of the Wichita Falls LLC, Nexstar Broadcasting of the Wichita Falls LLC

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Guaranty of Payment and Performance. This Guaranty constitutes a ----------------------------------- guarantee of payment and performance when due and not of collection and each the Guarantor waives any right to require that any resort be had by any Guaranteed Party to the Borrower, any other guarantor, any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Guaranteed Obligations or any balance of any deposit account or credit on the books of any Guaranteed Party in favor of the Borrower or any other Person.

Appears in 1 contract

Samples: Nexstar Broadcasting of the Wichita Falls LLC

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