Common use of Solidary Liability Clause in Contracts

Solidary Liability. If more than one person executes this Guaranty as Guarantor, each such persons shall be liable for the obligations hereunder on a SOLIDARY basis. Not in limitation of the forgoing, LHC, in its reasonable discretion, may: (a) To the extent permitted by applicable law, bring suit against Guarantor, or any one or more of the Persons constituting Guarantor, and any other guarantor, solidarily, or against any one or more of them; (b) compromise or settle with any one or more of the persons constituting Guarantors, or any other guarantor, for such consideration as LHC may deem proper; (c) discharge or release one or more of the persons constituting Guarantors, or any other guarantor, from liability or agree not to sue such person; and (d) otherwise deal with Guarantors and any guarantor, or any one or more of them, in any manner, and no such action shall impair the rights of LHC to collect from any Guarantor any amount guaranteed by Guarantors under this Guaranty. No such action taken pursuant to subparagraphs (a), (b), (c) or (d) above shall impair the rights of LHC to collect from any Guarantor any amount guaranteed by Guarantors under this Guaranty. Nothing contained in this paragraph shall in any way affect or impair the rights or obligations of Guarantors with respect to any other guarantor.

Solidary Liability. If more than one person executes this Guaranty as Guarantor, each such persons shall be liable for the obligations hereunder on a SOLIDARY basis. Not in limitation of the forgoing, LHC, in its reasonable discretion, may: (a) To the extent permitted by applicable law, bring suit against Guarantor, or any one or more of the Persons constituting Guarantor, and any other guarantor, solidarily, or against any one or more of them; (b) compromise or settle with any one or more of the persons constituting Guarantors, or any other guarantor, for such consideration as LHC may deem proper; (c) discharge or release one or more of the persons constituting Guarantors, or any other guarantor, from liability or agree not to sue ▇▇▇ such person; and (d) otherwise deal with Guarantors and any guarantor, or any one or more of them, in any manner, and no such action shall impair the rights of LHC to collect from any Guarantor any amount guaranteed by Guarantors under this Guaranty. No such action taken pursuant to subparagraphs (a), (b), (c) or (d) above shall impair the rights of LHC to collect from any Guarantor any amount guaranteed by Guarantors under this Guaranty. Nothing contained in this paragraph shall in any way affect or impair the rights or obligations of Guarantors with respect to any other guarantor.