Common use of Release of Obligors Clause in Contracts

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers for the Guaranteed Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 3 contracts

Samples: Assumption Agreement (American Realty Capital Hospitality Trust, Inc.), Environmental Indemnity Agreement (W2007 Grace Acquisition I Inc), Special Warranty Deed (American Realty Capital Hospitality Trust, Inc.)

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Release of Obligors. Any full or partial release of the liability of Borrower or any one or both of the Borrowers Individual Borrower and/or Operating Lessee for the Guaranteed Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any BorrowerIndividual Borrower and Operating Lessee) will be liable to pay or perform the Guaranteed Obligations or that Lender will look to other Persons (including any BorrowerIndividual Borrower and Operating Lessee) to pay or perform the Guaranteed Obligations.

Appears in 3 contracts

Samples: Guaranty of Recourse Obligations (Hospitality Investors Trust, Inc.), Hospitality Investors Trust, Inc., Hospitality Investors Trust, Inc.

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers Borrower for the Guaranteed Obligations Obligations, or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender’s voluntary act, or otherwise, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations Obligations, or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 2 contracts

Samples: Guaranty Agreement (Owens Realty Mortgage, Inc.), Guaranty Agreement (Owens Realty Mortgage, Inc.)

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers Borrower for the Guaranteed Obligations Obligations, or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations Obligations, or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 2 contracts

Samples: Guaranty (IMH Financial Corp), Guaranty (IMH Financial Corp)

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers for Borrower on the Guaranteed Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, by operation of law, Lender’s voluntary act, or otherwise, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations Obligations, or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 2 contracts

Samples: Guaranty (Ionis Pharmaceuticals Inc), Guaranty (Ionis Pharmaceuticals Inc)

Release of Obligors. Any full or partial release of the liability of any one Borrower on the Loan Obligations or both of the Borrowers for the Guaranteed Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Loan Obligations or the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from of any other Person, and no Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that any other Persons (including any Borrower) Person will be liable to pay or perform the Guaranteed Loan Obligations or the Guaranteed Obligations, or that Administrative Agent or any Lender will look to any other Persons (including any Borrower) Person to pay or perform any of the Loan Obligations or the Guaranteed Obligations.

Appears in 1 contract

Samples: Carveout Guaranty (Trinity Place Holdings Inc.)

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers Borrower for the Guaranteed Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor Guarantors that such Guarantor Guarantors may be required to pay the Guaranteed Obligations in full without assistance or support from any other Person, and no neither Guarantor has been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 1 contract

Samples: Horizon Group Properties Inc

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers Borrower for the Guaranteed Obligations Obligations, or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such each Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations Obligations, or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Assisted 4 Living, Inc.)

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers Borrower for the Guaranteed Obligations or any part thereof, : or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support supp01i from any other Person, and no Guarantor has been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations or that Lender will look to other Persons (including any Borrower) to pay or perform perf01m the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty of Recourse Obligations (Lodging Fund REIT III, Inc.)

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Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers for Borrower on the Guaranteed Obligations or any part thereof, portion of the Guaranteed Obligations or of any co-guarantors, coguarantor or of any other Person now or hereafter liable, whether directly or indirectly, indirectly and whether jointly, severally, or jointly and severally, to pay, perform, guarantee guarantee, or assure the payment of the Guaranteed Obligations, Obligations or any part thereofportion of the Guaranteed Obligations, it being recognized, acknowledged acknowledged, and agreed by each the Guarantor that such the Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from of any other Person, Person and no that the Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding understanding, or agreement that any other Persons (including any Borrower) Person will be liable to pay or perform the Guaranteed Obligations or that the Lender will look to any other Persons (including any Borrower) Person to pay or perform the Guaranteed Obligations.;

Appears in 1 contract

Samples: Guaranty (TNP Strategic Retail Trust, Inc.)

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers for Borrower on the Guaranteed Obligations Obligations, or any part thereof, or of any co-guarantors, or of any other Person or entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations or any part thereof, or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed ObligationsObligations or any part thereof.

Appears in 1 contract

Samples: Guaranty Agreement (BlueLinx Holdings Inc.)

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers Borrower for the Guaranteed Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may GUARANTORS THAT GUARANTORS MAY be required to pay the Guaranteed Obligations in full without assistance or support from any other Person, and no neither Guarantor has been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 1 contract

Samples: Horizon Group Properties Inc

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers for Borrower on the Guaranteed Obligations Obligation, or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed ObligationsObligation, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations Obligation in full without assistance or support from of any other Personparty, and no such Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that any other Persons Person (including any Borrowerother Guarantor) will be liable to pay or perform the Guaranteed Obligations Obligation, or that Lender will look to any other Persons Person (including any Borrowerother Guarantor) to pay or perform the Guaranteed ObligationsObligation.

Appears in 1 contract

Samples: Guaranty Agreement (Non Qualified Mandatory Prepayment) (Morgans Hotel Group Co.)

Release of Obligors. Any full or partial release of the liability of any one or both of the Borrowers Borrower for the Guaranteed Obligations or any part thereof, or of any co-guarantors, or of any other Person person/entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support from any other Personperson/entity, and no that Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations or that Lender will look to other Persons persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 1 contract

Samples: Limited Recourse Guaranty (Generation Income Properties, Inc.)

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