Common use of Additional and Independent Obligations Clause in Contracts

Additional and Independent Obligations. 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 Bank. Guarantor's obligations under this Guaranty are independent of those of Borrower on the Loan. Bank may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against Borrower, any other person or any security that Bank may hold, and without pursuing any other remedy. Bank's rights under this Guaranty shall not be exhausted by any action by Bank until the 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)

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

Appears in 2 contracts

Samples: Guaranty (Farmland Partners Inc.), Guaranty (Farmland Partners Inc.)

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

Appears in 1 contract

Samples: Guaranty (Farmland Partners Inc.)

Additional and Independent Obligations. Each Guarantor's obligations obligation under this Guaranty are in addition to its obligations under any other existing or future guarantiesguaranties to Bank, each of which shall remain in full force and effect until it is expressly modified or released in a writing signed by Bank. Each Guarantor's obligations under this Guaranty are independent of those of Borrower on the Loan. Bank may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor or any of them without first proceeding against Borrower, any other person or any security that Bank may hold, and without pursuing any other remedy. Bank's rights under this Guaranty shall not be exhausted by any action by Bank until the Loan has been paid and performed in full.

Appears in 1 contract

Samples: Payment Guaranty (Newmark Homes Corp)

Additional and Independent Obligations. 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 Bank. Guarantor's obligations under this Guaranty are independent of those of Borrower on the Loan. Bank may bring a separate action, action or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against Borrower, any other person or any security that Bank may hold, and without pursuing any other remedy. Bank's rights under this Guaranty shall not be exhausted by any action by Bank until the Loan has been paid and performed in full.

Appears in 1 contract

Samples: Payment Guaranty (Trex Co Inc)

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

Appears in 1 contract

Samples: Guaranty (Owens Realty Mortgage, Inc.)

Additional and Independent Obligations. 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 BankLender. Guarantor's obligations under this Guaranty are independent of those of Borrower on the LoanGuarantied Obligations. Bank Lender may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against Borrower, any other person or any security that Bank Lender may hold, and without pursuing any other remedy. BankLender's rights under this Guaranty shall not be exhausted by any action by Bank Lender until the Loan has Guarantied Obligations have been paid and performed in full.

Appears in 1 contract

Samples: Commercial Guaranty (Greenkraft, Inc.)

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Additional and Independent Obligations. 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 Bank. Guarantor's obligations under this Guaranty are independent of those of Borrower on the Loan. Bank may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against Borrower, any other person or any security that Bank may hold, and without pursuing any other remedy. Bank's rights under this Guaranty shall not be exhausted by any action by Bank until the Loan has been paid and performed in full.

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Additional and Independent Obligations. 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 Bank. Guarantor's obligations under this Guaranty are independent of those of Borrower on the Loan. Bank may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against Borrower, any other person or any security that Bank may hold, and without pursuing any other remedy. Bank's rights under this Guaranty shall not be exhausted by any action by Bank until the Loan has been paid and performed in full.

Appears in 1 contract

Samples: Revolving Loan Agreement (Essex Property Trust Inc)

Additional and Independent Obligations. 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 Bank. Guarantor's obligations under this Guaranty are independent of those of Borrower Borrowers on the Loan. Bank may bring a separate action, or commence a separate reference or arbitration proceeding action against Guarantor without first proceeding against BorrowerBorrowers, any other person or any security that Bank may hold, and without pursuing any other remedy. Bank's rights under this Guaranty shall not be exhausted by any action by Bank until all of the Loan has Obligations have been paid and performed in full.

Appears in 1 contract

Samples: Guaranty (Arlen Corp)

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