CONTINUING GUARANTOR Clause Samples
A Continuing Guarantor clause establishes that a guarantor’s obligation to guarantee a debt or performance remains in effect over time, covering not just a single transaction but ongoing or future obligations. This means the guarantor is responsible for any current and future debts or liabilities incurred by the principal debtor until the guarantee is explicitly revoked or terminated according to the agreement’s terms. The core practical function of this clause is to provide ongoing security to the creditor, ensuring that the guarantor’s backing applies to a series of transactions or a continuing business relationship, rather than being limited to a one-time event.
CONTINUING GUARANTOR. This Agreement shall be a continuing one and shall continue in full force and effect until (subject to the terms and conditions of the Section of this Agreement entitled Bankruptcy of the Debtor), all Debtor Liabilities and all other amounts payable under the Loan Documents have been paid and performed in full, and all Commitments have terminated. Without limiting the generality of the foregoing, the Guarantor hereby irrevocably waives any right to terminate or revoke this Agreement.
CONTINUING GUARANTOR. This Agreement shall constitute a continuing surety obligation with respect to all Obligations from time to time incurred or arising and shall continue in effect until all Obligations are indefeasibly paid and satisfied and the liability of the Guarantor under this Agreement may not be revoked or terminated.
CONTINUING GUARANTOR. This Agreement shall be a continuing one and shall continue in full force and effect until (subject to the terms and conditions of the Section of this Agreement entitled Bankruptcy of the Canadian Debtor), all Canadian Debtor Liabilities and all other amounts payable with respect thereto or in relation thereto under the Loan Documents have been paid and performed in full (other than contingent indemnification and reimbursement obligations in respect of which no claim for payment has yet been asserted by the Person entitled thereto), and all Canadian Revolving Credit Commitments and Canadian Swing Loan Commitments have terminated. Without limiting the generality of the foregoing, the Guarantor hereby irrevocably waives any right to terminate or revoke this Agreement.