Common use of Amount of Indebtedness Clause in Contracts

Amount of Indebtedness. CoBank may, at its sole option and without any notice to or consent of Guarantor, allow the Indebtedness of Borrower owed to CoBank to exceed the principal amount of all promissory notes executed by Borrower in connection with the Indebtedness without in any way adversely affecting Guarantor's liability hereunder.

Appears in 2 contracts

Sources: Guaranty (Ecoscience Corp/De), Guaranty (Ecoscience Corp/De)