Excess Liabilities. The creation or existence from time to time of Obligations in excess of the amount evidenced by the Loan Agreement is hereby authorized, without notice to Guarantor, and shall in no way affect or impair the rights of Lender and the obligations of Guarantor under this ▇▇▇▇▇▇▇▇.
Appears in 2 contracts
Sources: Loan Agreement (Security Capital Corp/De/), Corporate Guaranty Agreement (Security Capital Corp/De/)
Excess Liabilities. The creation or existence from time to time of Obligations in excess of the amount evidenced by the Loan Agreement Documents is hereby authorized, without notice to Guarantor, the Guarantor and shall in no way affect or impair the rights of Lender Ocwen and the obligations of the Guarantor under this ▇▇▇▇▇▇▇▇Guaranty; provided, however, that the amount of any such excess Obligations shall not become additional Obligations secured by this Guaranty without the Guarantor's written consent.
Appears in 1 contract
Sources: Unconditional Guaranty Agreement (Balanced Care Corp)