Common use of BORROWER'S DISCHARGE Clause in Contracts

BORROWER'S DISCHARGE. If for any reason any of the Liabilities of the Borrower have been discharged or have become irrecoverable from the Borrower by operation of law or for any other reason, the Guaranteed Obligations of the Guarantor under this Guaranty shall nevertheless remain in full force and effect notwithstanding such discharge or irrecoverability.

Appears in 1 contract

Sources: Loan and Security Agreement (Griffin Industrial Realty, Inc.)

BORROWER'S DISCHARGE. If for any reason any of the Liabilities of the Borrower have been discharged or have become irrecoverable from the Borrower by operation of law or for any other reason, the Guaranteed Obligations liabilities of the Guarantor under this Guaranty shall nevertheless remain in full force and effect notwithstanding such discharge or irrecoverabilityirrevocability.

Appears in 1 contract

Sources: Credit Agreement (Foilmark Inc)

BORROWER'S DISCHARGE. If for any reason any of the Liabilities of the Borrower have been discharged or have become irrecoverable from the Borrower by operation of law or for any other reason, the Guaranteed Obligations liabilities of the Guarantor under this Guaranty shall nevertheless remain in full force and effect notwithstanding such discharge or irrecoverability.

Appears in 1 contract

Sources: Line of Credit Agreement (United Energy Corp /Nv/)