Common use of Guarantor Release Clause in Contracts

Guarantor Release. As Guarantor, I understand that for future semesters, I may revoke my guarantee of payment agreed to in this Student Account Payment Agreement, by providing written notice to the Director of Student Accounts twenty-one (21) days before the first day of a new semester. I understand that notice after that point will be effective subsequent semesters.

Guarantor Release. As Guarantor, I understand that for future semesters, I may revoke my guarantee of payment agreed to in this Student Account Payment Agreement, by providing written notice to the Director of Student Accounts no later than twenty-one (21) days before the first day of a new semester. I understand that notice given after that point will be effective go into effect for subsequent semesters.