Common use of Continuation of Guaranty Clause in Contracts

Continuation of Guaranty. The Guarantor further agrees that the obligations hereunder shall continue to be effective or reinstated, as the case may be, if at any time payment or any part thereof of the Loan or the Note is rescinded or must otherwise be restored by the Lender upon the bankruptcy or reorganization of the Borrower, the Guarantor or otherwise.

Continuation of Guaranty. The Guarantor further agrees that the obligations hereunder shall continue to be effective or reinstated, as the case may be, if at any time payment or any part thereof of the Loan or the Note is rescinded or must otherwise be restored by the Lender Banks upon the bankruptcy or reorganization of the Borrower, the Guarantor or otherwise.

Continuation of Guaranty. The Guarantor Each Borrower further agrees that the its guaranty obligations hereunder shall continue to be effective or reinstated, as the case may be, if at any time payment or any part thereof of any sums due under any of the Loan or the Note Obligations is rescinded or must otherwise be restored by the Lender upon the bankruptcy or reorganization of either of the BorrowerBorrowers, or any other person directly or contingently liable for the Guarantor Obligations guaranteed hereunder, or otherwise.

Continuation of Guaranty. The Guarantor Each Borrower further agrees that the Guaranty obligations hereunder shall continue to be effective or reinstated, as the case may be, if at any time payment or any part thereof of any sums due under any of the Loan or the Note Obligations is rescinded or must otherwise be restored by the Lender upon the bankruptcy or reorganization of either of the BorrowerBorrowers, or any other person directly or contingently liable for the Guarantor Obligations guaranteed hereunder, or otherwise.

Continuation of Guaranty. The Guarantor further agrees that the obligations hereunder shall continue to be effective or reinstated, as the case may be, if at any time payment or any part thereof of the Loan or the Note is rescinded or must otherwise be restored by the Lender Bank upon the bankruptcy or reorganization of the Borrower, the Guarantor or otherwise.

Continuation of Guaranty. The Guarantor further agrees that the obligations hereunder shall continue to be effective or reinstated, as the case may be, if at any time payment or any part thereof of the Loan or the Note Indebtedness is rescinded or must otherwise be restored by the Lender Bank upon the bankruptcy or reorganization of the BorrowerApplicant, the Guarantor Guarantor, the Issuer or otherwise.