Common use of Rights Cumulative; Payments Clause in Contracts

Rights Cumulative; Payments. The obligations of Guarantor hereunder are independent of the obligations of Borrowers and Lender’s rights under this Guaranty shall be in addition to all rights of Lender under the Notes, the Mortgages and the other Loan Documents. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Guarantor whether or not any Guarantor is the alter ego of any of the Borrowers and whether or not any Borrowers are joined therein or a separate action or actions are brought against any Borrowers. Lender’s rights hereunder shall not be exhausted until all of the obligations of Guarantor hereunder have been fully paid and performed.

Appears in 2 contracts

Samples: Guaranty Agreement (Peak Resorts Inc), Guaranty Agreement (Peak Resorts Inc)

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Rights Cumulative; Payments. The obligations of Guarantor hereunder are independent of the obligations of Borrowers Borrower and Lender’s rights under this Guaranty shall be in addition to all rights of Lender under the Notes, the Mortgages and the other Loan Documents. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Guarantor whether or not any Guarantor is the alter ego of any of the Borrowers Borrower and whether or not any Borrowers are Borrower is joined therein or a separate action or actions are brought against any BorrowersBorrower. Lender’s rights hereunder shall not be exhausted until all of the obligations of Guarantor hereunder have been fully paid and performed.

Appears in 2 contracts

Samples: Option Agreement (Peak Resorts Inc), Guaranty Agreement (Peak Resorts Inc)

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Rights Cumulative; Payments. The obligations of Guarantor hereunder are independent of the obligations of Borrowers Borrower and Lender’s rights under this Guaranty shall be in addition to all rights of Lender under the NotesNote, the Mortgages Mortgage and the other Loan Documents. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Guarantor whether or not any Guarantor is the alter ego of any of the Borrowers Borrower and whether or not any Borrowers are Borrower is joined therein or a separate action or actions are brought against any BorrowersBorrower. Lender’s rights hereunder shall not be exhausted until all of the obligations of Guarantor hereunder have been fully paid and performed.

Appears in 2 contracts

Samples: Guaranty of Payment (Peak Resorts Inc), Guaranty of Payment (Peak Resorts Inc)

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