Common use of Additional and Independent Obligations Clause in Contracts

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

Appears in 3 contracts

Samples: Payment Guaranty (Mediabus Networks Inc), Payment Guaranty (Mediabus Networks Inc), Payment Guaranty (Mediabus Networks Inc)

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Additional and Independent Obligations. Guarantor's obligations under this Guaranty are in addition to Guarantor's 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 AgentAgent and consented to by the Banks. Guarantor's obligations under this Guaranty are independent of those of Borrowers Company on the LoanFacility. Agent or the Banks may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against either BorrowerCompany, any other person or any security that Agent or either Lender any Bank may hold, and without pursuing any other remedy. None of Agent's or any Bank's rights under this Guaranty shall not be exhausted by any action by Agent or either Lender any Bank until the Loan Facility has been paid and performed in fullfull in cash.

Appears in 2 contracts

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

Additional and Independent Obligations. Guarantor's obligations under this Guaranty are in addition to Guarantor's 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 AgentAgent and consented to by the Lenders. Guarantor's obligations under this Guaranty are independent of those of Borrowers Company on the LoanIndebtedness. Agent or the Lenders may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against either BorrowerCompany, any other person or any security that Agent or either any Lender may hold, and without pursuing any other remedy. None of Agent's or any Lender's rights under this Guaranty shall not be exhausted by any action by Agent or either any Lender until the Loan Indebtedness has been paid and performed in fullfull in cash.

Appears in 2 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)

Additional and Independent Obligations. Guarantor's obligations under this Guaranty are in addition to Guarantor's its obligations under any other existing or future guarantiesguaranties given in connection with the Loan Agreement, each of which and they shall remain in full force and effect until it is expressly modified (a) they are performed in full or released (b) they terminate in a writing signed by Agentaccordance with SECTION 19. Guarantor's obligations under this Guaranty are independent of those of Borrowers on Borrower under the Loanother Loan Documents. The Managing Agent may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against either Borrower, Borrower or any other Guarantor any other person or any security that the Managing Agent or either Lender the Lenders may hold, and without pursuing any other remedy. Agent's The rights under this Guaranty shall not be exhausted by any action by the Managing Agent or either any Lender until the Loan has Loans have been paid and performed in full.

Appears in 1 contract

Samples: Completion Guaranty (Station Casinos Inc)

Additional and Independent Obligations. Guarantor's obligations under this Guaranty are in addition to Guarantor's 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 AgentAgent and consented to by the Lenders. Guarantor's obligations under this Guaranty are independent of those of Borrowers Company on the LoanIndebtedness. Agent or the Lenders may bring a separate action, or commence a separate reference or arbitration proceeding against Guarantor without first proceeding against either BorrowerCompany, any other person or any security that Agent or either any Lender may hold, and without pursuing any other remedy. None of Agent's or any Lender's rights under this Guaranty shall not be exhausted by any action by Agent or either any Lender until the Loan Indebtedness has been paid and performed in fullfull in cash. 17.

Appears in 1 contract

Samples: Payment Guaranty (Apartment Investment & Management Co)

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Additional and Independent Obligations. Each Guarantor's ’s obligations under this Guaranty are in addition to Guarantor's 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 Agentthe beneficiary of such other guaranty or guaranties. Each Guarantor's ’s obligations under this Guaranty are independent of those of Borrowers Borrower on the LoanGuaranteed Obligations. Agent 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 either Borrower, any other person Person or any security that Agent or either any Lender may hold, and without pursuing any other remedy. Agent's The Guaranteed and Secured Parties rights under this Guaranty shall not be exhausted by any action by Agent or either Lender the Guaranteed and Secured Parties until the Loan has Guaranteed Obligations have been paid and performed in full.

Appears in 1 contract

Samples: Credit Agreement (American Vanguard Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Northwest Pipe Co)

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