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 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 the beneficiary of such other guaranty or guaranties. Each Guarantor’s obligations under this Guaranty are independent of those of a Borrower on the Guaranteed Obligations. The Guaranteed and Secured Parties may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a Borrower, any other Person or any security that Agent or any Lender may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties rights under this Guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties until the Guaranteed Obligations have been paid and performed in full.

Appears in 2 contracts

Samples: Credit Agreement (American Vanguard Corp), Credit Agreement (American Vanguard Corp)

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Additional and Independent Obligations. Each Guarantor’s 's obligations under this Guaranty 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 the beneficiary of such other guaranty or guarantiesXxxxxx. Each Guarantor’s 's obligations under this Guaranty guaranty are independent of those of a Borrower on the Guaranteed ObligationsBorrower. The Guaranteed and Secured Parties Lender may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a the Borrower, any other Person person or any security that Agent or any Lender may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties rights of Lender under this Guaranty guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Xxxxxx until the Guaranteed Obligations have been paid and performed in full.

Appears in 2 contracts

Samples: Farmland Partners Inc., Farmland Partners Inc.

Additional and Independent Obligations. Each Guarantor’s '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 the beneficiary of such other guaranty or guarantiesBank. Each Guarantor’s 's obligations under this Guaranty are independent of those of a Borrower on the Guaranteed ObligationsLoan. The Guaranteed and Secured Parties Bank may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a Borrower, any other Person person or any security that Agent or any Lender Bank may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties Bank's rights under this Guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Bank until the Guaranteed Obligations have Loan has been paid and performed in full.

Appears in 2 contracts

Samples: Payment Guaranty (Historic Preservation Properties 1989 Limited Partnership), Payment Guaranty (Historic Preservation Properties 1989 Limited Partnership)

Additional and Independent Obligations. Each Guarantor’s '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 the beneficiary of such other guaranty or guarantiesBank. Each Guarantor’s 's obligations under this Guaranty are independent of those of a Borrower on the Guaranteed ObligationsLoan. The Guaranteed and Secured Parties Bank may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a Borrower, any other Person person or any security that Agent or any Lender Bank may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties Bank's rights under this Guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Bank until the Guaranteed Obligations have Loan has been paid and performed in full.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Essex Property Trust Inc)

Additional and Independent Obligations. Each Guarantor’s '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 the beneficiary of such other guaranty or guaranties. Each Guarantor’s 's obligations under this Guaranty are independent of those of a Borrower on the Guaranteed Obligations. The Guaranteed and Secured Parties Lender may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a Borrower, any other Person person or any security that Agent or any the Lender may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties Lender's rights under this Guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Lender until the Guaranteed Obligations have been paid and performed in full.

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Additional and Independent Obligations. Each Guarantor’s 's obligations under this Guaranty 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 the beneficiary of such other guaranty or guarantiesLxxxxx. Each Guarantor’s 's obligations under this Guaranty guaranty are independent of those of a Borrower on the Guaranteed ObligationsBorrower. The Guaranteed and Secured Parties Lender may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a the Borrower, any other Person person or any security that Agent or any Lender may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties rights of Lender under this Guaranty guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Lxxxxx until the Guaranteed Obligations have been paid and performed in full.

Appears in 1 contract

Samples: Farmland Partners Inc.

Additional and Independent Obligations. Each Guarantor’s 's obligations under this Guaranty 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 the beneficiary of such other guaranty or guarantiesLender. Each Guarantor’s 's obligations under this Guaranty guaranty are independent of those of a Borrower on the Guaranteed ObligationsBorrower. The Guaranteed and Secured Parties Lender may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a the Borrower, any other Person or any security that Agent or any Lender may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties rights of Lender under this Guaranty guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Lender until the Guaranteed Obligations have been paid and performed in full.

Appears in 1 contract

Samples: Owens Realty Mortgage, Inc.

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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 the beneficiary of such other guaranty or guarantiesLender. Each Guarantor’s obligations under this Guaranty are independent of those of a Borrower on the Guaranteed ObligationsLoan. The Guaranteed and Secured Parties Lender may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a Borrower, any other Person person or any security that Agent or any the Lender may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties Lender’s rights under this Guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Lender until the Guaranteed Obligations have Loan has been paid and performed in full.

Appears in 1 contract

Samples: General Guaranty and Indemnity Agreement (CMR Mortgage Fund II, LLC)

Additional and Independent Obligations. Each Guarantor’s '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 the beneficiary of such other guaranty or guarantiesBank. Each Guarantor’s 's obligations under this Guaranty are independent of those of a Borrower on the Guaranteed ObligationsLoan. The Guaranteed and Secured Parties Bank may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a Borrower, any other Person person or any security that Agent or any Lender Bank may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties Bank's rights under this Guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Bank until the Guaranteed Obligations have Loan has been paid and performed in full.

Appears in 1 contract

Samples: Credit Loan Agreement (Bre Properties Inc /Md/)

Additional and Independent Obligations. Each Guarantor’s '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 the beneficiary of such other guaranty or guarantiesLender. Each Guarantor’s 's obligations under this Guaranty are independent of those of a Borrower on the Guaranteed Guarantied Obligations. The Guaranteed and Secured Parties Lender may bring a separate action, or commence a separate reference or arbitration proceeding against a Guarantor without first proceeding against a Borrower, any other Person person or any security that Agent or any Lender may hold, and without pursuing any other remedy. The Guaranteed and Secured Parties Lender's rights under this Guaranty shall not be exhausted by any action by the Guaranteed and Secured Parties Lender until the Guaranteed Guarantied Obligations have been paid and performed in full.

Appears in 1 contract

Samples: Commercial Guaranty (Greenkraft, Inc.)

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