Common use of Separate Action Clause in Contracts

Separate Action. Each default in payment of any amount due under this Guaranty will, at Lender’s sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at Lender’s sole option, may be brought under this Guaranty as each cause of action arises.

Appears in 11 contracts

Samples: Guaranty (Twinlab Consolidated Holdings, Inc.), Guaranty (Digital Angel Corp), Guaranty (Digital Angel Corp)

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Separate Action. Each default in payment of any amount due under this Guaranty will, at LenderBank’s sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at LenderBank’s sole option, may be brought under this Guaranty as each cause of action arises.

Appears in 5 contracts

Samples: Guaranty (EQM Technologies & Energy, Inc.), Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement and Waiver (OVERSTOCK.COM, Inc)

Separate Action. Each default in payment of any amount due under this Guaranty will, at LenderAgent’s sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at LenderAgent’s sole option, may be brought under this Guaranty as each cause of action arises.

Appears in 2 contracts

Samples: Guaranty (Industrial Services of America Inc /Fl), Industrial Services of America Inc /Fl

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Separate Action. Each default in payment of any amount due under this Guaranty will, at Lender’s 's sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at Lender’s sole option, may be brought under this Guaranty as each cause of action arises.and

Appears in 1 contract

Samples: Fm Precision Golf Corp

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