Common use of No Release of Guarantor Clause in Contracts

No Release of Guarantor. If the Guaranteed Indebtedness at any time exceeds the amount permitted by law, or Borrower is not liable because the act of creating the Guaranteed Indebtedness is ultra xxxxx, or the officers or persons creating the Guaranteed Indebtedness acted in excess of their authority, or for any other reason, and for any of these reasons the Guaranteed Indebtedness which Guarantors agree to pay cannot be enforced against Borrower, such fact shall in no manner affect any Guarantor’s liability hereunder, but each Guarantor shall be liable under this Guaranty notwithstanding that Borrower is not liable for the Guaranteed Indebtedness, to the same extent such Guarantor would have been liable if the Guaranteed Indebtedness had been enforceable against Borrower.

No Release of Guarantor. If the Guaranteed Indebtedness at any time exceeds the amount permitted by law, or Borrower is not liable because the act of creating the Guaranteed Indebtedness is ultra xxxxxvxxxx, or the officers or persons creating the Guaranteed Indebtedness acted in excess of their authority, or for any other reason, and for any of these reasons the Guaranteed Indebtedness which Guarantors agree Gxxxxxxxx agrees to pay cannot be enforced against Borrower, such fact shall in no manner affect any Guarantor’s 's liability hereunder, but each Guarantor shall be liable under this Guaranty notwithstanding that Borrower is not liable for the Guaranteed Indebtedness, to the same extent such Guarantor would have been liable if the Guaranteed Indebtedness had been enforceable against Borrower.

No Release of Guarantor. If the Guaranteed Indebtedness at any time exceeds the amount permitted by law, or the Borrower is not liable because the act of creating the Guaranteed Indebtedness is ultra xxxxx, or the officers or persons creating the Guaranteed Indebtedness acted in excess of their authority, or for any other reason, and for any of these reasons the Guaranteed Indebtedness which Guarantors agree Guarantor agrees to pay cannot be enforced against the Borrower, such fact shall in no manner affect any Guarantor’s 's liability hereunder, but each Guarantor shall be liable under this Guaranty guaranty notwithstanding that the Borrower is not liable for the Guaranteed Indebtedness, and to the same extent such Guarantor would have been liable if the Guaranteed Indebtedness had been enforceable against the Borrower.