This excerpt taken from the FL 8-K filed May 21, 2008.
. The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment when due (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Loan made to any Subsidiary Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by any Subsidiary Borrower under the Loan Documents to which it is a party. Upon failure by any Subsidiary Borrower to pay punctually any such amount when due, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement. The Company further agrees that its guaranty hereunder constitutes a guaranty of payment when due and not to collection, and waives any right to require that any resort be had by the Administrative Agent or any other Bank Party to any of the security held for payment of the Secured Obligations (as defined in the Collateral Documents) or to any balance of any deposit account or credit on the books of the Administrative Agent or any other Bank Party in favor of the Company or any other person.