This Guaranty is an amendment, restatement and consolidation of, but not a release, novation, extinguishment, discharge or satisfaction of any indebtedness, liabilities, obligations, waivers or agreements of each of the Guarantors under, the Existing Guaranties. Each of the Guarantors affirms and ratifies its waivers and agreements in each Existing Guaranty to which it is a party and agrees that the waivers and agreements made by such Guarantor in each Existing Guaranty to which it is a party shall remain valid, binding, and enforceable waivers and agreements in favor of the Guaranteed Parties, but shall hereafter be governed by this Guaranty that amends and restates the Existing Guaranties in their entirety. This Guaranty is not intended as, and shall not be construed as, a release, novation, extinguishment, discharge or satisfaction of any indebtedness, liabilities, obligations, waivers or agreements of any of the Guarantors pursuant to any Existing Guaranty.