Common use of Obligations Independent Clause in Contracts

Obligations Independent. The obligations of the Guarantor under this Guaranty are independent of the obligations of any other Loan Party under the Loan Documents (such obligations of any other Loan Party, including the Borrower’s obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty as the “Other Obligations”) and any Security, and the enforceability of any Security for this Guaranty is likewise independent of any such Other Obligations and any other Security. The Lender may bring action against the Guarantor and otherwise enforce this Guaranty or any Security for this Guaranty without bringing action against any other Loan Party or joining any other Loan Party in any action against the Guarantor, and otherwise independently of any other Remedy that may be available to the Lender at any time with respect to any Other Obligations or Security. The Guarantor waives any right to require the Lender at any time to proceed against any other Loan Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy in the Lender’s power.

Appears in 2 contracts

Samples: Calprop Corp, Calprop Corp

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Obligations Independent. The obligations of the Guarantor under this Guaranty are independent of the obligations of any other Loan Party under the Loan Documents (such obligations of any other Loan Party, including the Borrower’s Borrowers' obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty as the "Other Obligations") and any Securitysecurity, and the enforceability of any Security security for this Guaranty is likewise independent of any such Other Obligations and any other Securitysecurity. The Lender may bring action against the Guarantor and otherwise enforce this Guaranty or any Security for this Guaranty without bringing action against any other Loan Party or joining any other Loan Party in any action against the Guarantor, and otherwise independently of any other Remedy remedy at law or in equity that may be available to the Lender at any time with respect to any Other Obligations or Securitysecurity. The Guarantor waives any right to require the Lender at any time to proceed against any other Loan Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy remedy in the Lender’s 's power. 9.

Appears in 1 contract

Samples: Guaranty and Limited Indemnity Agreement (Emeritus Corp\wa\)

Obligations Independent. The obligations of the Guarantor under this Guaranty are independent of the obligations of any other Loan Borrower Party under the Loan Documents (such obligations of any other Loan Borrower Party, including the Borrower’s 's obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty as the "Other Obligations") and any Security, and the enforceability of any Security for this Guaranty is likewise independent of any such Other Obligations and any other Security. The Lender Collateral Agent may bring action against the Guarantor and otherwise enforce this Guaranty or any Security for this Guaranty without bringing action against any other Loan Borrower Party or joining any other Loan Borrower Party in any action against the Guarantor, and otherwise independently of any other Remedy right, power or remedy (each, a "Remedy") that may be available to the Lender at any time with respect to any Other Obligations or Security. The Guarantor waives any right to require the Lender Collateral Agent or Lenders at any time to proceed against any other Loan Borrower Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy in the Collateral Agent's or any Lender’s 's power.

Appears in 1 contract

Samples: Prime Group Realty Trust

Obligations Independent. The obligations of the Guarantor under this Guaranty are independent of the obligations of any other Loan Party Borrower under the Loan Documents Agreement (such obligations of any other Loan Partyobligations, including the Borrower’s 's obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty as the “Other Obligations”"OTHER OBLIGATIONS") and any Securitysecurity or collateral therefor, and the enforceability of any Security security for this Guaranty is likewise independent of any such Other Obligations and any other Securitysecurity or collateral. The Lender may bring action against the Guarantor and otherwise enforce this Guaranty or any Security for this Guaranty without bringing action against Borrower or any other Loan Party party or joining any other Loan Party in any action against the Guarantor, and otherwise independently of any other Remedy remedy at law or in equity that may be available to the Lender at any time with respect to any Other Obligations Obligations, security or Securitycollateral. The Guarantor waives any right to require the Lender at any time to proceed against Borrower or any other Loan Partyparty, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy remedy in the Lender’s 's power.

Appears in 1 contract

Samples: Credit Agreement (LNR Property Corp)

Obligations Independent. The obligations of the Guarantor under this Guaranty are independent of the obligations of any other Loan Borrower Party under the Loan Documents (such obligations of any other Loan Borrower Party, including the Borrower’s 's obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty as the "Other Obligations") and any Security, and the enforceability of any Security for this Guaranty is likewise independent of any such Other Obligations and any other Security. The Lender Collateral Agent may bring action against the Guarantor and otherwise enforce this Guaranty or any Security for this Guaranty without bringing action against any other Loan Borrower Party or joining any other Loan Borrower Party in any action against the Guarantor, and otherwise independently of any other Remedy right, power or remedy (each, a "Remedy") that may be available to the Lender at any time with respect to any Other Obligations or Security. The Guarantor waives any right to require the Lender Collateral Agent or Lenders at any time to proceed against any other Loan Borrower Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy in the Lender’s Collateral Agent's or Note B Lenders' power.

Appears in 1 contract

Samples: Prime Group Realty Trust

Obligations Independent. The obligations of the Guarantor under this Guaranty Guarantee are independent of the obligations of any other Loan Party under the Loan Documents (such obligations of any other Loan Party, including the Borrower’s obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty Guarantee as the “Other Obligations”) and any Security, and the enforceability of any Security for this Guaranty Guarantee is likewise independent of any such Other Obligations and any other Security. The Lender Bank may bring action against the Guarantor and otherwise enforce this Guaranty Guarantee or any Security for this Guaranty Guarantee without bringing action against any other Loan Party or joining any other Loan Party in any action against the Guarantor, and otherwise independently of any other Remedy that may be available to the Lender Bank at any time with respect to any Other Obligations or Security. The Guarantor waives any right to require the Lender Bank at any time to proceed against any other Loan Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy in the LenderBank’s power.

Appears in 1 contract

Samples: Calprop Corp

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Obligations Independent. The obligations of the Guarantor under this Guaranty are independent of the obligations of any other Loan Party under the Loan Documents (such obligations of any other Loan Party, including the Borrower’s Borrowers' obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty as the "Other Obligations") and any Securitysecurity, and the enforceability of any Security security for this Guaranty is likewise independent of any such Other Obligations and any other Securitysecurity. The Lender may bring action against the Guarantor and otherwise enforce this Guaranty or any Security for this Guaranty without bringing action against any other Loan Party or joining any other Loan Party in any action against the Guarantor, and otherwise independently of any other Remedy remedy at law or in equity that may be available to the Lender at any time with respect to any Other Obligations or Securitysecurity. The Guarantor waives any right to require the Lender at any time to proceed against any other Loan Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy remedy in the Lender’s 's power.

Appears in 1 contract

Samples: Guaranty and Limited Indemnity Agreement (Emeritus Corp\wa\)

Obligations Independent. The obligations of the Guarantor under this Guaranty GUARANTEE are independent of the obligations of any other Loan Party under the Loan Documents (such obligations of any other Loan Party, including the Borrower’s obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty GUARANTEE as the “Other Obligations”) and any Security, and the enforceability of any Security for this Guaranty GUARANTEE is likewise independent of any such Other Obligations and any other Security. The Lender Bank may bring action against the Guarantor and otherwise enforce this Guaranty GUARANTEE or any Security for this Guaranty GUARANTEE without bringing action against any other Loan Party or joining any other Loan Party in any action against the Guarantor, and otherwise independently of any other Remedy that may be available to the Lender Bank at any time with respect to any Other Obligations or Security. The Guarantor waives any right to require the Lender Bank at any time to proceed against any other Loan Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy in the LenderBank’s power.

Appears in 1 contract

Samples: General Guarantee (Calprop Corp)

Obligations Independent. The obligations of the Guarantor under this Guaranty are independent of the obligations of any other Loan Party under the Loan Documents (such obligations of any other Loan Party, including the Borrower’s 's obligations in respect of the Guaranteed Obligations, being referred to in this Guaranty as the "Other Obligations") and any Securitysecurity, and the enforceability of any Security security for this Guaranty is likewise independent of any such Other Obligations and any other Securitysecurity. The Lender may bring action against the Guarantor and otherwise enforce this Guaranty or any Security for this Guaranty without bringing action against any other Loan Party or joining any other Loan Party in any action against the Guarantor, and otherwise independently of any other Remedy remedy at law or in equity that may be available to the Lender at any time with respect to any Other Obligations or Securitysecurity. The Guarantor waives any right to require the Lender at any time to proceed against any other Loan Party, apply any Security or otherwise enforce, proceed against or exhaust any Other Obligations or Security or pursue any other Remedy remedy in the Lender’s 's power. 9.

Appears in 1 contract

Samples: Guaranty and Limited Indemnity Agreement (Emeritus Corp\wa\)

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