Common use of Nature of Guaranty Clause in Contracts

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 13 contracts

Sources: Credit Agreement (Pinnacle Entertainment Inc), Guaranty (Coast Hotels & Casinos Inc), Credit Agreement (Pinnacle Entertainment Inc)

Nature of Guaranty. This Subsidiary Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Subsidiary Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 9 contracts

Sources: Credit Agreement (Korn Ferry International), Capital Markets Term Loan Agreement (Mandalay Resort Group), Term Loan Agreement (Mandalay Resort Group)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 5 contracts

Sources: Guaranty (Herbst Gaming Inc), Guaranty (Herbst Gaming Inc), Guaranty (Herbst Gaming Inc)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 3 contracts

Sources: Guaranty (Fao Inc), Guaranty (Right Start Inc /Ca), Guaranty (Right Start Inc /Ca)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collectioncollection and shall be operative and binding until the Guarantied Obligations shall have been indefeasibly paid and performed in full, the Credit Agreement and the other Loan Documents shall have been terminated and no commitment to extent credit to Borrower remains outstanding under the Credit Agreement.

Appears in 3 contracts

Sources: Guaranty, Guaranty (CityCenter Holdings, LLC), Guaranty (CityCenter Holdings, LLC)

Nature of Guaranty. This Guaranty is irrevocable and continuing ------------------ in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 2 contracts

Sources: Loan Agreement (MGM Grand Inc), Guaranty (Coast Hotels & Casinos Inc)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 2 contracts

Sources: Credit Agreement (Reliance Steel & Aluminum Co), Credit Agreement (Reliance Steel & Aluminum Co)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations obligations now existing or hereafter arisingarising . This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Sources: Line of Credit Agreement (California Beach Restaurants Inc)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Guaranteed Obligations now existing or hereafter arisingarising under or in connection with the Credit Agreement. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Sources: Credit Agreement (Penn Virginia Corp)

Nature of Guaranty. This Subsidiary Guaranty is irrevocable and continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Subsidiary Guaranty is a guaranty of prompt and punctual payment pay- ment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Sources: Loan Agreement (Circus Circus Enterprises Inc)

Nature of Guaranty. This Guaranty is irrevocable and ------------------ continuing in nature and relates to any Guarantied Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Sources: Guaranty (West Marine Inc)

Nature of Guaranty. This Guaranty is irrevocable and continuing in nature and relates to any Guarantied Guaranteed Obligations now existing or hereafter arising. This Guaranty is a guaranty of prompt and punctual payment and performance and is not merely a guaranty of collection.

Appears in 1 contract

Sources: Guaranty (Harrahs Entertainment Inc)