Character of Obligations. This is an absolute, continuing and unconditional guaranty of payment and not of collection and if at any time or from time to time there is no outstanding Guaranteed Indebtedness, the obligations of Guarantor with respect to any and all Guaranteed Indebtedness incurred thereafter shall not be affected. All Guaranteed Indebtedness heretofore, concurrently herewith or hereafter made by Bank to Borrower shall be conclusively presumed to have been made or acquired in acceptance hereof. Guarantor shall be liable, jointly and severally, with Borrower and any other guarantor of all or any part of the Guaranteed Indebtedness.
Character of Obligations. (a) This is an absolute, continuing and unconditional guaranty of payment and not of collection and if at any time or from time to time there is no outstanding Guaranteed Indebtedness, the obligations of Guarantor with respect to any and all Guaranteed Indebtedness incurred thereafter shall not be affected. This Guaranty and the Guarantor's obligations hereunder are irrevocable and, in the event of Guarantor's death, shall be binding upon Guarantor's estate. All of the Guaranteed Indebtedness shall be conclusively presumed to have been made or acquired in acceptance hereof. Guarantor shall be liable, jointly and severally, with Borrower and any other guarantor of all or any part of the Guaranteed Indebtedness.
Character of Obligations. This is an absolute, continuing and unconditional guaranty of payment and not of collection and if at any time or from time to time there are no outstanding Guaranteed Obligations, the obligations of Guarantor with respect to any and all Guaranteed Obligations incurred thereafter shall not be affected. All Guaranteed Obligations heretofore, concurrently herewith or hereafter made by Bank to Seller shall be conclusively presumed to have been made or acquired in acceptance hereof. Guarantor shall be liable, jointly and severally, with Seller and any other guarantor of all or any part of the Guaranteed Obligations. Bank shall be under no obligation to notify Guarantor of any advances made, credit extended, or discretionary purchase of any Participation Interest by Bank under the Warehouse Agreement or any other Warehouse Document.
Character of Obligations. This is an absolute, continuing and unconditional guaranty of payment and not of collection. All Guaranteed Indebtedness heretofore or concurrently herewith made by Lender to Borrower shall be conclusively presumed to have been made or acquired in acceptance hereof. Guarantor shall be liable, jointly and severally, with Borrower and any other guarantor of all or any part of the Guaranteed Indebtedness.
Character of Obligations. This instrument shall be an absolute, unconditional, and continuing guaranty of payment and not of collection, and the circumstances that at any time or from time to time the Guaranteed Indebtedness may be paid in full shall not affect the obligation of the Guarantor with respect to indebtedness of Borrower to the Lender thereafter incurred, provided that the Guarantor may give written notice that the Guarantor will not be liable hereunder for any indebtedness of Borrower incurred after the giving of such notice (which notice shall not be deemed to have been given until actually received by the Lender). In the event of such notice the Guarantor shall remain liable on its obligations hereunder until the payment in full of (a) the Guaranteed Indebtedness as it exists at the date of the giving of such notice, and (b) loans and advances made to or for the account of Borrower after such notice pursuant to the obligation of the Lender under a commitment or agreement made to or with Borrower prior to the giving of such notice. The terms and conditions of this instrument, including, but not limited to, the consents and waivers set forth in Section 5 hereof, shall remain in effect with respect to the indebtedness described in the preceding sentence in the same manner as if such notice had not been received. It shall not be necessary for the Lender and/or Agent, in order to enforce payment hereunder by the Guarantor, first to institute suit or exhaust its remedies against Borrower or others liable on the Guaranteed Indebtedness, or to enforce its rights against any security which shall ever have been given to secure the Guaranteed Indebtedness. It is the intention of the parties hereto that the Guarantor shall be primarily liable jointly and severally with the Borrower and that the Guaranteed Indebtedness may be recovered in the same or separate actions brought to recover the principal indebtedness. Payment of the sums for which the Guarantor becomes liable shall be made to the Agent at its office in Dallas, Dallas County, Texas, from time to time, on demand, or as the same become or are declared due, notwithstanding that the Lender holds reserves, credits, collateral or security against which the Lender may be entitled to resort for payment. One or more successive or concurrent actions may be brought hereon against the Guarantor, either in the same action in which Borrower is sued or in separate actions, as often as Lender and/or Agent deems advisable. The Guaranto...
Character of Obligations. (a) This is an absolute, continuing and unconditional guaranty of payment and not of collection. This Guaranty and the Guarantors’ obligations hereunder are irrevocable. All of the Guaranteed Indebtedness shall be conclusively presumed to have been made in acceptance hereof. Each Guarantor shall be liable, jointly and severally, with Borrower and any other guarantor of all or any part of the Guaranteed Indebtedness.
Character of Obligations. This is an absolute, continuing and unconditional guaranty of payment and performance and not of collection and if at any time or from time to time there is no outstanding Guaranteed Indebtedness, the obligations of Guarantor with respect to any and all Guaranteed Indebtedness incurred thereafter shall not be affected. All Guaranteed Indebtedness heretofore, concurrently herewith or hereafter made by Bank(s), the LC Issuer and/or the Agent to Borrower shall be conclusively presumed to have been made or acquired in acceptance hereof. Guarantor shall be liable, jointly and severally, with Borrower and any other guarantor of all or any part of the Guaranteed Indebtedness.
Character of Obligations. 30 SECTION 7.1. Obligations Absolute..................................................................... 30 SECTION 7.2. Limited Liability of Agent and Banks..................................................... 31 ARTICLE VIII THE AGENT........................................................................................... 31 SECTION 8.1. Authorization and Action................................................................. 31 SECTION 8.2. Agent's Reliance, Etc.................................................................... 32 SECTION 8.3. Initial Bank and Agent and Their Respective Affiliates................................... 32 SECTION 8.4. Bank Credit Decision..................................................................... 33 SECTION 8.5. Indemnification.......................................................................... 33
Character of Obligations. Failure on the part of the District or of any Municipality or Special Connector in any instance or under any circumstance to observe or to perform fully any obligation assumed by or imposed upon it by this Agreement shall not make the District liable in damages to a Municipality or Special Connector or relieve a Municipality or Special Connector from making any payment to the District or from fully performing any other obligation required of it under this Agreement; but such Municipality or Special Connector may have and may pursue any and all other remedies provided by law for compelling performance by the District or such other Municipality or Special Connector of said obligation assumed by or imposed upon the District or such other Municipality or Special Connector.
Character of Obligations. Failure on the part of the District or of any Municipality in any instance or under any circumstance to observe or to perform fully any obligation assumed by or imposed upon it by this Agreement shall not make the District liable in damages to a Municipality or relieve a Municipality from making any payment to the District or from fully performing any other obligation required of it under this Agreement; but such Municipality may have and may pursue any and all other remedies provided by law for compelling performance by the District or such other Municipality of said obligation assumed by or imposed upon the District or such other Municipality.
