Common use of AMOUNT OF GUARANTY Clause in Contracts

AMOUNT OF GUARANTY. In addition to the amount stated in the Amount of Guaranty section, your guaranty includes all fees and charges associated with any debt you have guaranteed. Your guaranty also includes all costs and expenses of collection, including attorneys' fees, incurred in collecting a debt that is subject to your guaranty or incurred in protecting and enforcing our rights under this Agreement, including attorneys' fees incurred at trial, in any bankruptcy proceedings (including efforts to modify any automatic stay or injunction or to object to any proposed plan), and any appellate proceedings. To the extent not limited elsewhere by this Agreement, your guaranty also includes amounts advanced by the Credit Union in order to perform any obligation of the Borrower under a loan, or credit agreement and/or a security agreement for property given as security for a loan including, but not limited to amounts advanced for the payment of taxes, insurance premiums and other fees. We may sell any property securing a loan and apply the proceeds to any loan secured by that collateral. Amounts applied to a loan do not offset or reduce your guaranty obligations under this Agreement for unpaid amounts remaining.

AMOUNT OF GUARANTY. In addition to the amount stated in the Amount of Guaranty section, your guaranty includes all fees and charges associated with any debt you have guaranteed. Your guaranty also includes all costs and expenses of collection, including attorneys' fees, incurred in collecting a debt that is subject to your guaranty or incurred in protecting and enforcing our rights under this Agreement, including attorneys' fees incurred at trial, in any bankruptcy proceedings (including efforts to modify any automatic stay or injunction or to object to any proposed plan), and any appellate proceedings. To the extent not limited elsewhere by this Agreement, your guaranty also includes amounts advanced by the Credit Union (credit co-operative) in order to perform any obligation of the Borrower under a loan, or credit agreement and/or a security agreement for property given as security for a loan including, but not limited to amounts advanced for the payment of taxes, insurance premiums and other fees. We may sell any property securing a loan and apply the proceeds to any loan secured by that collateral. Amounts applied to a loan do not offset or reduce your guaranty obligations under this Agreement for unpaid amounts remaining.