Common use of Guaranty by Subsidiaries Clause in Contracts

Guaranty by Subsidiaries. The Borrower shall cause any Subsidiary of the Borrower other than the Special Purpose Entity to execute a guaranty agreement (in form and substance approved by the Agent) guaranteeing the repayment of all principal, interest, fees and other sums due under this Agreement and the Notes.

Appears in 2 contracts

Sources: Syndicated Credit Agreement (Winston Hotels Inc), Syndicated Credit Agreement (Winston Hotels Inc)