Guarantee of Collection. This is a guarantee of collection only, and not a guarantee of payment. Notwithstanding any other term or condition of this Guarantee to the contrary, the Guarantor shall not be obligated to make any payment pursuant to this Guarantee unless and until each of the following has occurred: (i) the Trustee or other Holder must use commercially reasonable efforts to obtain judgment against Regency,
Appears in 3 contracts
Sources: Contribution Agreement, Guarantee of Collection (Southern Union Co), Guarantee of Collection (Energy Transfer Partners, L.P.)