Common use of DURATION OF GUARANTY Clause in Contracts

DURATION OF GUARANTY. Subject to the Conditions of Termination provision set forth in this Guaranty, this Guaranty will take effect when received by Lender without the necessity of any acceptance by Lender, or any notice to Guarantor or to Borrower, and will continue in full force until all Indebtedness shall have been fully and finally paid and satisfied and all of Guarantor’s other obligations under this Guaranty shall have been performed in full. Release of any other guarantor or termination of any other guaranty of the Indebtedness shall not affect the liability of Guarantor under this Guaranty. A revocation Lender receives from any one or more Guarantors shall not affect the liability of any remaining Guarantors under this Guaranty.

Appears in 2 contracts

Samples: Conditional Terminating Guaranty (Wells Mid-Horizon Value-Added Fund I LLC), Conditional Terminating Guaranty (Wells Mid-Horizon Value-Added Fund I LLC)

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DURATION OF GUARANTY. Subject to the Conditions of Termination provision set forth in this Guaranty, this This Guaranty will take effect when received by Lender without the necessity of any acceptance by Lender, or any notice to Guarantor or to Borrower, and will continue in full force until all Indebtedness shall have been fully and finally paid and satisfied and all of Guarantor’s other obligations of Guarantor under this Guaranty shall have been performed in full. Release of any other guarantor or termination of any other guaranty of the Indebtedness shall not affect the liability of Guarantor under this Guaranty. A revocation received by Lender receives from any one or more Guarantors shall not affect the liability of any remaining Guarantors under this Guaranty.

Appears in 1 contract

Samples: Commercial Guaranty (Litronic Inc)

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DURATION OF GUARANTY. Subject to the Conditions of Termination provision set forth in this Guaranty, this This Guaranty will take effect when received by Lender without the necessity of any acceptance by LenderXxxxxx, or any notice to Guarantor or to Borrower, and will continue in full force until all the Indebtedness shall have been fully and finally paid and satisfied and all of Guarantor’s 's other obligations under this Guaranty shall have been performed in full. Release Re lease of any other guarantor or termination of any other guaranty of the Indebtedness shall not affect the liability of Guarantor under this Guaranty. A revocation Lender receives from any one or more Guarantors shall not affect the liability of any remaining Guarantors under this Guaranty.

Appears in 1 contract

Samples: Commercial Guaranty (Orangehook, Inc.)

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