Common use of Guarantee of Payment; Continuing Guarantee Clause in Contracts

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender to any security held for the payment of any of the Obligations or to any balance of any deposit account or credit on the books of the Lender in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender Collateral Agent or any other Secured Party to any security held for the payment of any of the Obligations or to any balance of any deposit account or credit on the books of the Lender Collateral Agent or any other Secured Party in favor of the Borrower, any other Loan Party party, or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender to Administrative Agent or any security held for the payment of any of the Obligations or other Guaranteed Party to any balance of any deposit account or credit on the books of the Lender Administrative Agent or any other Secured Party in favor of the Borrowerany Borrowers, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its the Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership or other similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender to Administrative Agent or any security held for the payment of any of the Obligations or other Creditor Party to any balance of any deposit account or credit on the books of the Lender Administrative Agent or any other Creditor Party in favor of the any Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership bankruptcy or similar proceeding shall have stayed the accrual or of collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender Collateral Agent or any other Secured Party to any security held for the payment of any of the Obligations or to any balance of any deposit account or credit on the books of the Lender Collateral Agent or any other Secured Party in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its the Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender Agent or any other Secured Party to any security held for the payment of any of the Obligations or to any balance of any deposit account or credit on the books of the Lender Agent or any other Secured Party in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor of the Guarantors agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership or other similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender to Administrative Agent or any security held for the payment of any of the Obligations or other Creditor Party to any balance of any deposit account or credit on the books of the Lender Administrative Agent or any other Creditor Party in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Loan Document Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender Collateral Agent or any other Secured Party to any security held for the payment of any of the Loan Document Obligations or to any balance of any deposit account Deposit Account or credit on the books of the Lender Collateral Agent or any other Secured Party in favor of the Borrower, any other Loan Party or any other Personperson. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Loan Document Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender Collateral Agent or any other Secured Party to any security held for the payment of any of the Obligations or to any balance of any deposit account Deposit Account or credit on the books of the Lender Collateral Agent or any other Secured Party in favor of the Borrower, any other Loan Party or any other Personperson. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership or similar proceeding shall have stayed the accrual or collection of any of the Guaranteed Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender to Administrative Agent or any security held for the payment of any of the Obligations or other Guaranteed Party to any balance of any deposit account or credit on the books of the Lender Administrative Agent or any other Secured Party in favor of the Borrowerany Borrowers, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its the Guaranteed Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender any Guarantee Party to any security held for the payment of any of the Obligations or to any balance of any deposit account or credit on the books of the Lender any Guaranteed Party in favor of the Borrower, any other Loan Note Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.

Guarantee of Payment; Continuing Guarantee. Each of the Guarantors Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Lender Collateral Agent or any other Secured Party to any security held for the payment of any of the Obligations or to any balance of any deposit account Deposit Account or credit on the books of the Lender Agent or any other Secured Party in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of its Obligations, whether currently existing or hereafter incurred.