Common use of Additional Guaranties Clause in Contracts

Additional Guaranties. This Guaranty is in addition and without prejudice to any guaranties of any kind (including, without limitation, guaranties whether or not in the same form as this instrument) now or hereafter held by the Agent and/or any Bank. The Agent shall not be obligated to proceed against any particular guarantor, or under any other guaranty or security with respect to any or all of the Obligations before being entitled to payment from the Guarantor under this Guaranty.

Appears in 2 contracts

Sources: Revolving Loan, Guaranty and Security Agreement (Suprema Specialties Inc), Revolving Loan, Guaranty and Security Agreement (Suprema Specialties Inc)

Additional Guaranties. This Guaranty is in addition and without prejudice to any other guaranties of any kind (including, without limitation, guaranties whether or not in the same form as this instrument) now or hereafter held by Lender with respect to the Agent and/or any BankDebt. The Agent Lender shall not be obligated to proceed against any particular guarantor, or under any other guaranty or security with respect to any or all of the Obligations or the Guaranteed Obligations before being entitled to payment from the each or any Guarantor under this Guaranty.

Appears in 2 contracts

Sources: Guaranty of Recourse Obligations (Lightstone Value Plus Real Estate Investment Trust, Inc.), Guaranty of Recourse Obligations (Lightstone Value Plus Real Estate Investment Trust, Inc.)