Common use of Guarantor and the Clause in Contracts

Guarantor and the. Agents acknowledge and agree that this Guaranty is a guaranty of payment and not of collection and enforcement in respect of any obligations which may accrue to the Agents and/or the Lenders from the Borrower under the provisions of any Loan Document.

Appears in 2 contracts

Sources: Credit Agreement (Reckson Operating Partnership Lp), Guaranty Agreement (Reckson Operating Partnership Lp)