Common use of Continuing Nature of Guaranty Clause in Contracts

Continuing Nature of Guaranty. This is a continuing guaranty. This instrument shall continue in full force and effect until terminated by the actual receipt by Lender, of written notice of termination from Guarantor. Such termination shall be applicable only to transactions having their inception thereafter, and rights and obligations arising out of transactions having their inception prior to such termination shall not be affected.

Continuing Nature of Guaranty. This is a continuing guaranty. This instrument shall continue in full force and effect until terminated by the actual receipt by Lender, FINOVA of written notice of termination from a Guarantor. Such termination shall be applicable only to transactions the Agreements or Transactions having their inception thereafter, and rights and obligations arising out of transactions the Agreements or Transactions having their inception prior to such termination shall not be affected.