Liability of Guarantors Sample Clauses

Liability of Guarantors. The liability of the Guarantors under this Guaranty shall be irrevocable, absolute, independent and unconditional, and shall not be affected by any circumstance which might constitute a discharge of a surety or guarantor other than the indefeasible payment and performance in full of all Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:
AutoNDA by SimpleDocs
Liability of Guarantors. Notwithstanding any provision herein, the Guarantors, and each of them, are and shall be jointly and severally liable for any and all Obligations (whether any such Obligation is specified as an obligation of the Guarantors or of any of them).
Liability of Guarantors. The liability of any Guarantor under this Section 10.14 shall be irrevocable, absolute, independent and unconditional, and shall not be affected by any circumstance that might constitute a discharge of a surety or guarantor other than the indefeasible payment and performance in full of all Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:
Liability of Guarantors. The payment and Performance of the Obligations shall be jointly, severally, primarily and unconditionally guaranteed by the Required Guarantors.
Liability of Guarantors. The liability of the Guarantors shall not be affected by reason of:
Liability of Guarantors. This is a guaranty of payment and not of collection. The liability of Guarantor under this Guaranty shall be direct and immediate and not conditional or contingent upon the pursuit of any remedies against Borrower, any other Guarantor or any other person, nor against any portion of the Collateral. Guarantor waives any right to require that an action be brought against Borrower or any other Guarantor or any other person or to require that resort be had to any Collateral. In the event, on account of the Bankruptcy Code, as amended, or any other debtor relief law (whether statutory, common law, case law or otherwise) of any jurisdiction, now or hereafter in effect, which may be or become applicable, Borrower and/or any other Guarantor shall be relieved of any obligation or liability for the Indebtedness or under any Documents of Indebtedness or this Guaranty, each other Guarantor shall nevertheless be fully liable under this Guaranty. Lender may enforce its rights, powers and remedies (including, without limitation, foreclosure of any Collateral) under any Documents of Indebtedness or hereunder, in any order, and all rights, powers and remedies available to Lender shall be nonexclusive and cumulative of all other rights, powers and remedies provided thereunder or hereunder or by law or in equity. If the Indebtedness or other obligations guaranteed are partially paid or discharged by exercising any of the remedies available to Lender, this Guaranty shall nevertheless remain in full force and effect, and each Guarantor shall jointly and severally remain liable for all remaining Indebtedness and obligations guaranteed hereby, even though any rights which any Guarantor may have against Borrower or any other Guarantor may be destroyed or diminished by exercising any such remedy, and if the Indebtedness or other obligations guaranteed are otherwise partially paid or discharged including voluntary payment or prepayment, application of insurance proceeds or condemnation awards, additional financing or refinancing, or sale of the Collateral or a portion thereof; with or without the consent or cooperation of Lender, this Guaranty shall remain in full force and effect, and each Guarantor shall remain jointly and severally liable for all remaining Indebtedness and obligations guaranteed. No exculpatory or similar provision of the Documents of Indebtedness or any other document regarding the Indebtedness which limits, or relieves Borrower or any Guarantor or other person ...
Liability of Guarantors. The liability of each Guarantor under this Guaranty shall be irrevocable, absolute, independent and unconditional, and shall not be affected by any circumstance which might constitute a discharge of a surety or guarantor other than the indefeasible payment and performance in full of all Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows: (i) such Guarantor’s liability hereunder shall be the immediate, direct, and primary obligation of such Guarantor and shall not be contingent upon Lender’s exercise or enforcement of any remedy it
AutoNDA by SimpleDocs
Liability of Guarantors. The payment and performance of the obligations under the Loan Documents shall be jointly, severally, primarily and unconditionally guaranteed by the Guarantors, if any, as set forth in the Guaranty, if applicable.
Liability of Guarantors. The liability of the Guarantors under this Guaranty shall be irrevocable, absolute, independent and unconditional, except as expressly provided herein, and shall not be affected by any circumstance which might constitute a discharge of a surety or guarantor other than the indefeasible payment in full of all Guaranteed Obligations (other than contingent indemnification obligations for which no demand has been made), the defense that such amounts are not due or payable under the terms of the applicable Loan Documents (whether or not such Loan Documents are enforceable against the Borrower) or the release of such Guarantor from this Guaranty in accordance with Section 24. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees that, subject to the defenses set forth in the foregoing sentence, as follows:
Liability of Guarantors. 2.1 The liability of Guarantors on this Guaranty shall not be contingent upon the exercise or enforcement by Standard Federal of whatever remedies it may have against the Borrower or others, or the enforcement of any lien or realization upon any security or collateral Standard Federal may at any time possess. Any one or more successive and/or concurrent actions may be brought hereon against the Guarantors (or any of them) either in the same action, if any, brought against Borrower or in separate actions, as often as Standard Federal, in it sole discretion, may deem advisable. No election to proceed in one form of action or proceeding, or against any party, or on any obligation, shall constitute a waiver of Standard Federal's right to proceed in any other form of action or proceeding or against other parties unless Standard Federal has expressly waived such right in writing. Specifically, but without limiting the generality of the foregoing, no action or proceeding by Standard Federal against Borrower under any document or instrument evidencing or securing the Indebtedness shall serve to diminish the liability of the Guarantors, except to the extent Standard Federal realizes payment by such action or proceeding, notwithstanding the affect of any such action or proceeding upon the Guarantors' right of subrogation against Borrower. Receipt by Standard Federal of payment or payments with knowledge of the breach of any provision with respect to any of the Indebtedness shall not, as to the Guarantors, be deemed a waiver of such breach. All rights, powers and remedies of Standard Federal hereunder and under any other agreement now or at any time hereafter in force between Standard Federal and the Guarantors shall be cumulative and not alternative and shall be in addition to all rights, powers and remedies given to Standard Federal by law.
Time is Money Join Law Insider Premium to draft better contracts faster.