Common use of Reaffirmation of the Guaranty Clause in Contracts

Reaffirmation of the Guaranty. Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under the Guaranties are in full force and effect and that each Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, all of the Obligations, and its execution and delivery of this Agreement does not indicate or establish an approval or consent requirement by each Guarantor under each Guaranty in connection with the execution and delivery of amendments, consents or waivers to the Subordinated Credit Agreement, the Notes or any of the other Loan Documents.

Reaffirmation of the Guaranty. Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under the Guaranties are in full force and effect and that each Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, all of the Obligations, and its execution and delivery of this Agreement does not indicate or establish an approval or consent requirement by each Guarantor under each Guaranty in connection with the execution and delivery of amendments, consents or waivers to the Subordinated Credit Agreement, the Notes or any of the other Loan Documents.