Common use of Death of Guarantor Clause in Contracts

Death of Guarantor. If Guarantor is an individual, then, in the event of the death of Guarantor, the obligations of the Guarantor hereunder shall continue in full force and effect against Guarantor’s estate, and the executor or administrator of such estate shall be obligated and authorized to pay such debt and otherwise honor this Guaranty, and, if acceptable to Lender, to execute renewal of Guaranties or endorsements or notes or other evidence of indebtedness, from time to time, with respect to any unpaid Obligations hereunder.

Death of Guarantor. If Guarantor is an individual, then, in In the event of the death of Guarantor, the obligations obligation of the Guarantor hereunder shall continue in full force and effect against Guarantor’s 's estate, and the executor or administrator of such estate shall be obligated and authorized to pay such debt and otherwise honor this Guaranty, and, if acceptable to Lender, to execute renewal of Guaranties or endorsements or notes or other evidence evidences of indebtedness, from time to time, with respect to any unpaid Obligations obligations hereunder.