UNCONDITIONAL AND CONTINUING GUARANTY Clause Samples
The Unconditional and Continuing Guaranty clause establishes that a guarantor is fully responsible for fulfilling another party’s obligations, regardless of any circumstances or changes in the underlying agreement. This means the guarantor’s liability persists even if the terms of the original contract are modified, extended, or if the primary obligor defaults or becomes insolvent. By ensuring the guarantor’s commitment remains in force until all obligations are satisfied, this clause provides ongoing security to the beneficiary and mitigates the risk of non-payment or non-performance.
UNCONDITIONAL AND CONTINUING GUARANTY. Guarantor's liabilities and other obligations under this Agreement are unconditional and effective immediately, and (except for those surviving indefinitely pursuant to section 11) shall remain in full effect until the payment in full of the Subject Debt, regardless of the lapse of time, regardless of the fact that there may be a time or times when no Subject Debt is outstanding, regardless of any act, omission, or course of dealing whatever on Bank's part, and regardless of any other event, condition, or thing. Without limiting the generality of the foregoing, neither the amount of the Subject Debt for purposes of this Agreement nor Guarantor's liability under this Agreement shall be diminished or impaired by:
(a) Bank's granting any Obligor any credit, whether or not liability therefor constitutes Subject Debt, or any failure or refusal of Bank to grant any other credit to any Obligor even if Bank thereby breaches any duty or Commitment to Borrower or any other Person,
(b) the application by Bank of credits, payments, or proceeds to any portion of the Bank of Borrower that is not Subject Debt,
(c) any extension, renewal, or refinancing of all or any part of the Bank Debt of Borrower,
(d) any amendment, restatement, or other modification of any kind in, to, or of any Related Writing, or any consent or other indulgence granted to any Obligor, or any waiver of any Default,
(e) any acceptance of security for or any other Obligor on all or any part of the Bank Debt of Borrower, or any release of any security or other Obligor, whether or not Bank receives consideration for the release,
(f) any discharge of all or any part of the Bank Debt of Borrower under any bankruptcy or insolvency law or otherwise,
(g) Bank's failure to make any presentment or demand for payment, to assert or perfect any claim, demand, or interest, to enforce any right or remedy, to receive or review financial statements of or other information about any Obligor, or to exercise any other diligence in monitoring any Obligor or other security for all or any part of the Bank Debt, or any delay or neglect by Bank in respect of all or any part of the Bank Debt of Borrower or any security therefor,
(h) any failure to give Guarantor notice of (i) the making of any loan or other credit extension or the terms, conditions, and other provisions applicable thereto, (ii) any dishonor by Borrower or any other Obligor, (iii) the inaccuracy or incompleteness of any representation, warranty, or other state...
UNCONDITIONAL AND CONTINUING GUARANTY. The undersigned, individually, in order to induce ELITE to subscribe to the network enabled features of the Elite Property to LICENSEE hereby guarantees to ELITE the performance of the above named LICENSEE and all duties and obligations of LICENSEE including all network
UNCONDITIONAL AND CONTINUING GUARANTY. The undersigned, individually, in order to induce ELITE to subscribe to the Elite Property to TRANSFEREE hereby guarantees to ELITE the performance of the above named TRANSFEREE and all duties and obligations of TRANSFEREE including all subscription fees, rents, monies, damages, expenses, court costs and attorneys’ fees incurred under the terms of this License and Monthly Subscription Agreement or the terms of any other License and Monthly Subscription Agreement executed by TRANSFEREE. The License and Monthly Subscription Agreement to which this Guaranty is attached, and any other License and Monthly Subscription Agreements executed by TRANSFEREE shall be collectively referenced herein as the “License Agreements”.
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UNCONDITIONAL AND CONTINUING GUARANTY. The undersigned, individually, in order to induce ELITE to subscribe to the Elite Property to LICENSEE hereby guarantees to ELITE the performance of the above named LICENSEE and all duties and obligations of LICENSEE including all subscription fees, rents, monies, damages, expenses, court costs and attorneys‟ fees incurred under the terms of this License and Monthly Subscription Agreement or the terms of any other License and Monthly Subscription Agreement executed by LICENSEE. The License and Monthly Subscription Agreement to which this Guaranty is attached, and any other License and Monthly Subscription Agreements executed by LICENSEE shall be collectively referenced herein as the “License Agreements”.
UNCONDITIONAL AND CONTINUING GUARANTY