Common use of Additional and Independent Obligations Clause in Contracts

Additional and Independent Obligations. Each Guarantor's obligations under this Guaranty are in addition to its obligations under any future guaranties, each of which shall remain in full force and effect until it is expressly modified or released in a writing signed by Administrative Agent and consented to by the Lenders. Each Guarantor's obligations under this Guaranty are independent of those of Borrowers on the Indebtedness. Administrative Agent or the Lenders may bring a separate action, or commence a separate arbitration proceeding against each Guarantor without first proceeding against Borrowers, any other person or any security that Administrative Agent or any Lender may hold, and without pursuing any other remedy. None of Administrative Agent's or any Lender's rights under this Guaranty shall be exhausted by any action by Administrative Agent or any Lender until the Indebtedness has been paid and performed in full in cash.

Appears in 6 contracts

Samples: Payment Guaranty (Apartment Investment & Management Co), Payment Guaranty (Apartment Investment & Management Co), Payment Guaranty (Aimco Properties Lp)

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Additional and Independent Obligations. Each Guarantor's obligations under this Guaranty are in addition to its obligations under any future guaranties, each of which shall remain in full force and effect until it is expressly modified or released in a writing signed by Administrative Agent and consented to by the Lenders. Each Guarantor's obligations under this Guaranty are independent of those of Borrowers Borrower on the Indebtedness. Administrative Agent or the Lenders may bring a separate action, or commence a separate arbitration proceeding against each Guarantor without first proceeding against BorrowersBorrower, any other person or any security that Administrative Agent or any Lender may hold, and without pursuing any other remedy. None of Administrative Agent's or any Lender's rights under this Guaranty shall be exhausted by any action by Administrative Agent or any Lender until the Indebtedness has been paid and performed in full in cash.

Appears in 6 contracts

Samples: Payment Guaranty (Apartment Investment & Management Co), Payment Guaranty (Apartment Investment & Management Co), Payment Guaranty (Apartment Investment & Management Co)

Additional and Independent Obligations. Each Guarantor's obligations under this Guaranty are in addition to its obligations under any future guaranties, each of which shall remain in full force and effect until it is expressly modified or released in a writing signed by Administrative Agent and consented to by the Lenders. Each Guarantor's obligations under this Guaranty are independent of those of Borrowers Borrower on the Indebtedness. Administrative Agent or the Lenders may bring a separate action, or commence a separate arbitration proceeding against each Guarantor without first proceeding against BorrowersBorrower, any other person or any security that Administrative Agent or any Lender may hold, and without pursuing any other remedy. None of Administrative Agent's or any Lender's rights under this Guaranty shall be exhausted by any action by Administrative Agent or any Lender until the Indebtedness has been paid and performed in full in cash.

Appears in 2 contracts

Samples: Payment Guaranty (Apartment Investment & Management Co), Payment Guaranty (Apartment Investment & Management Co)

Additional and Independent Obligations. Each Guarantor's obligations under this Guaranty are in addition to its obligations under any other existing or future guaranties, each of which shall remain in full force and effect until it is expressly modified or released in a writing signed by Administrative Agent and consented to by the Lendersbeneficiary of such other guaranty or guaranties. Each Guarantor's obligations under this Guaranty are independent of those of Borrowers the Borrower on the IndebtednessGuaranteed Obligations. Administrative Agent or the Lenders The Guaranteed Parties may bring a separate action, or commence a separate reference or arbitration proceeding against each a Guarantor without first proceeding against Borrowersthe Borrower, any other person Person or any security that the Administrative Agent or any Lender may hold, and without pursuing any other remedy. None of Administrative Agent's or any Lender's The Guaranteed Parties rights under this Guaranty shall not be exhausted by any action by Administrative Agent or any Lender the Guaranteed Parties until the Indebtedness has Guaranteed Obligations have been paid and performed in full in cashfull.

Appears in 2 contracts

Samples: Credit Agreement (Mentor Corp /Mn/), Credit Agreement (Mentor Corp /Mn/)

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Additional and Independent Obligations. Each Guarantor's obligations under this Guaranty are in addition to its obligations under any future guaranties, each of which shall remain in full force and effect until it is expressly modified or released in a writing signed by Administrative Agent and consented to by the Lenders. Each Guarantor's obligations under this Guaranty are independent of those of Borrowers on the Indebtedness. Subject to Section 8.02 of the Credit Agreement, Administrative Agent or the Lenders may bring a separate action, or commence a separate arbitration proceeding against each Guarantor without first proceeding against Borrowers, any other person or any security that Administrative Agent or any Lender may hold, and without pursuing any other remedy. None of Administrative Agent's or any Lender's rights under this Guaranty shall be exhausted by any action by Administrative Agent or any Lender until the Indebtedness has been paid and performed in full in cash.

Appears in 2 contracts

Samples: Payment Guaranty (Apartment Investment & Management Co), Payment Guaranty (Apartment Investment & Management Co)

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