Common use of Actions against Guarantor Clause in Contracts

Actions against Guarantor. In the event of a default in the payment or performance of all or any part of the Guaranteed Indebtedness when such Guaranteed Indebtedness becomes due, whether by its terms, by acceleration or otherwise, Guarantor shall pay the amount due thereon to Xxxxxxxxx, in lawful money of the United States, at Xxxxxxxxx'x address set forth above within 5 days after demand thereof by Xxxxxxxxx. One or more successive or concurrent actions may be brought against Guarantor, either in the same action in which Borrower is sued or in separate actions, as often as Xxxxxxxxx deems advisable. The exercise by Xxxxxxxxx of any right or remedy under this Guaranty or under any other agreement or instrument, at law, in equity or otherwise, shall not preclude concurrent or subsequent exercise of any other right or remedy. The books and records of Xxxxxxxxx shall be admissible in evidence in any action or proceeding involving this Guaranty and shall be prima facie evidence of the payments made on, and the outstanding balance of, the Guaranteed Indebtedness. Specific Guaranty 05/28/99

Actions against Guarantor. In the event of a default in the payment or performance of all or any part of the Guaranteed Indebtedness when such Guaranteed Indebtedness becomes due, whether ,ether by its terms, by acceleration or otherwise, Guarantor shall pay the amount due thereon to Xxxxxxxxx, in lawful money of the United States, at Xxxxxxxxx'x address set forth setforth above within 5 days after demand thereof by Xxxxxxxxx. One or more successive or concurrent actions may be brought against Guarantor, either in the same action in which Borrower is sued or in separate actions, as often as Xxxxxxxxx deems advisable. The exercise by Xxxxxxxxx of any right or remedy under this Guaranty or under any other agreement or instrument, at law, in equity or otherwise, shall not preclude concurrent or subsequent exercise of any other right or remedy. The books and records of Xxxxxxxxx shall be admissible in evidence in any action or proceeding involving this Guaranty and shall be prima facie evidence of the payments made on, and the outstanding balance of, the Guaranteed Indebtedness. Specific Guaranty 05/28/99