Common use of CONTINUING GUARANTY AND REVOCATION Clause in Contracts

CONTINUING GUARANTY AND REVOCATION. If Borrower is deemed a guarantor of all or any portion of the Obligations, then such guaranty shall apply to all such Obligations, including existing Obligations as well as all future Obligations. Borrower shall also guarantee all future liability under successive transactions which either continue such Obligations or from time to time renew some or all of them after having been satisfied and, to that extent, the guaranty of Borrower shall be continuing in nature. Borrower may not terminate or revoke such guaranty. Borrower irrevocably waives any right it has, including any rights under California Civil Code Section 2815, to terminate or revoke the continuing nature of its guaranty and its application to any Obligations arising after any attempt to terminate such guaranty.

CONTINUING GUARANTY AND REVOCATION. If Borrower is deemed a guarantor of all or any portion of the Obligations, then such guaranty shall apply to all such Obligations, including existing Obligations as well as all future Obligations. Borrower shall also guarantee guaranty all future liability under successive transactions which either continue such Obligations or from time to time renew some or all of them after having been satisfied and, to that extent, the guaranty of Borrower shall be continuing in nature. Borrower may not terminate or revoke such guaranty. Borrower irrevocably waives any right it has, including any rights under California Civil Code Section 2815, to terminate or revoke the continuing nature of its guaranty and its application to any Obligations arising after any attempt to terminate such guaranty.