The parties to this Guaranty agree that, on the Closing Date, the terms and provisions of the Original Guaranty shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Guaranty. All obligations incurred under the Original Guaranty which are outstanding on the Closing Date shall continue as Guaranteed Obligations under (and shall be governed by the terms of) this Guaranty and the other Loan Documents. Without limiting the foregoing, upon the effectiveness hereof: (a) all references in any existing Loan Documents to the “Guaranty” shall be deemed to refer to this Guaranty and (b) all obligations constituting “Guaranteed Obligations” (as referred to and defined in the Original Guaranty) which are outstanding on the Closing Date shall continue as Guaranteed Obligations under this Guaranty.