Recourse Guaranty. Notwithstanding the foregoing, this limitation of liability shall not apply and the Guaranteed Obligations will be a fully recourse to Affiliated Guarantor:
Recourse Guaranty. Any general recourse guarantee by the Borrower or any Restricted Subsidiary of Indebtedness pursuant to a Permitted Securitization of the type described in clause (b), (c) or (d) of the definition of such term, which guarantee is either unsecured or secured solely by a pledge of the Capital Stock of the Securitization Entity that is a party to such Permitted Securitization.
Recourse Guaranty. All obligations of Key Principal under this Exceptions to Non-Recourse Guaranty shall be joint and several among all persons (if more than one) included as a Key Principal. This Exceptions to Non-Recourse Guaranty is an unconditional guaranty of payment, and not a guaranty of collection, and may be enforced by Xxxxxx directly against Key Principal without any requirement that Lender must first exercise its rights against Borrower or any general partner of Borrower or any collateral or other security for payment of the Note. The obligations of Key Principal under this Exceptions to Non-Recourse Guaranty shall be performed without demand by Lender and shall be unconditional irrespective of the genuineness, validity, regularity or enforceability of the Note, the Instrument, or any other circumstance which might otherwise constitute a legal or equitable discharge of a surety or a guarantor. Key Principal hereby waives the benefit of all principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms of this Exceptions to Non-Recourse Guaranty, and agrees that the obligations of Key Principal shall not be affected by any circumstances, whether or not referred to in this Exceptions to Non-Recourse Guaranty, which might otherwise constitute a legal or equitable discharge of a surety or guarantor. Key Principal hereby waives the benefits of any right of discharge under any and all statutes or other laws relating to guarantors or sureties and any other rights of sureties and guarantors thereunder. Without limiting the generality of the foregoing, Key Principal hereby waives diligence, presentment, demand for payment, protest, all notices which may be required by statute, rule of law or otherwise to preserve intact Lender's rights against Key Principal under this Exceptions to Non-Recourse Guaranty, including, but not limited to, notice of acceptance, notice of any amendment of the Loan Documents, notice of the occurrence of any default, notice of intent to accelerate, notice of acceleration, notice of dishonor, notice of foreclosure, notice of protest, notice of the incurring by Borrower of any of the Guaranteed Obligations, and, generally, all demands, notices and other formalities of every kind in connection with this Exceptions to Non-Recourse Guaranty, and all rights to require Lender to (a) proceed against Borrower or, if Borrower is a partnership, any general partner of Borrower, (b) proceed against or exhaust any col...
Recourse Guaranty. (a) Guarantor hereby, unconditionally and irrevocably, guarantees to Lender and its successors, indorsees, transferees and assigns the prompt and complete payment and performance by Borrower when due (whether at the stated maturity, by acceleration, demand or otherwise) of the Obligations.
Recourse Guaranty. The Parent shall have ----------------- executed and delivered the Recourse Guaranty and executed copies of such agreement shall have been delivered to Lender.
Recourse Guaranty. (a) Section 2(e) of the Recourse Guaranty (as defined in the Loan Agreement) is hereby deleted in its entirety and shall be replaced as follows:
Recourse Guaranty. As credit support for the Obligations, Recourse Guarantor executed and delivered to Administrative Agent the Recourse Guaranty.
Recourse Guaranty. 2. To secure this Non-Recourse Guaranty to the Payee, the Guarantor, which follows the Closing (as defined in the Stock Purchase Agreements) shall be a wholly-owned subsidiary of the Payor, has executed as security for the Guarantor's obligations under this Non-Recourse Guaranty a certain Mortgage of even date herewith, pledging to Payee a security interest in certain real estate owned by the Guarantor as more specifically defined in Exhibit "A" attached heretofore ("Real Estate").
Recourse Guaranty. The Recourse Guaranty is hereby amended as of the date hereof by deleting “Article 23 of the Loan Agreement” in Section 10 and inserting in lieu thereof “Article XXIV of the Loan Agreement.”
Recourse Guaranty. Notwithstanding the foregoing, this limitation of liability shall not apply and the Guaranteed Obligations will be fully recourse to Affiliated Guarantor and to Fairmont Liable Party:
