Common use of DURATION OF GUARANTY Clause in Contracts

DURATION OF GUARANTY. This is a continuing Guaranty and shall not be revoked by death, dissolution, merger, bankruptcy, incompetency or insolvency of the Guarantor. This Guaranty shall remain in full force and effect with respect to the Guarantor until the Lender receives written notice from the Guarantor revoking this Guaranty as to the Guarantor. In the event that this Guaranty is revoked by the Guarantor, said revocation shall have no effect on the continuing liability of the Guarantor to guarantee unconditionally the prompt payment of all Guaranteed Obligations which are contracted or incurred before the revocation becomes effective, including such prior Guaranteed Obligations which are subsequently renewed, modified or extended after the revocation becomes effective, as well as all extensions of credit made after revocation pursuant to commitments made prior to such revocation. Revocation of this Guaranty by any Guarantor shall not relieve any other Guarantor of any liability. Except as provided in Section 2.2, Guarantor’s obligations under this Guaranty for the Guaranteed Obligations will terminate upon the payment and performance in full of the Guaranteed Obligations.

DURATION OF GUARANTY. This is a continuing Guaranty and shall not be revoked by death, dissolution, merger, bankruptcy, incompetency or insolvency of the Guarantor. This Guaranty shall remain will take effect when received by Creditor without the necessity of any acceptance by Creditor, or any notice to Guarantor or to Debtor, and will continue in full force until all Obligations under the Loan Documents shall have been fully and effect finally paid and satisfied and all other obligations of Debtor and of Guarantor under this Guaranty with respect to the Obligations and the Loan Documents shall have been performed in full. 6.1 This Guaranty will continue to bind Guarantor until for all renewals, extensions, substitutions, or modifications of the Lender receives written notice from Obligations or other changes made under the Guarantor revoking this Guaranty as authority of Section 7 below (“Changes”), and for any advances made or expenses incurred pursuant to the GuarantorLoan Documents (“Advances”). In the event that this Guaranty is revoked by the Guarantor, said revocation shall have no effect on the continuing liability All such Changes of the Guarantor to guarantee unconditionally the prompt payment of all Guaranteed Obligations which are contracted granted or incurred before the revocation becomes effective, including such prior Guaranteed Obligations which are subsequently renewed, modified or extended Advances made after the revocation becomes effective, as well as all extensions of credit made after revocation pursuant to commitments made prior to such revocation. Revocation date of this Guaranty by are contemplated under and guaranteed under this Guaranty. 6.2 This Guaranty shall bind the estate of Guarantor as to Obligations created both before and after the death or incapacity of Guarantor, regardless of Creditor's actual notice of Guarantor's death. 6.3 Release of any other guarantor or termination of any other guaranty of the Obligations or of any security related to the Obligations or any other guaranty shall not affect the liability of Guarantor under this Guaranty. 6.4 Guarantor shall not relieve have any other Guarantor of any liability. Except as provided in Section 2.2, right to assign or transfer (except by passage at death to Guarantor’s obligations estate) any rights Guarantor may have or acquire pursuant to or affected by this Guaranty Agreement and shall not delegate any obligation under this Guaranty for the Guaranteed Obligations will terminate upon the payment and performance in full of the Guaranteed ObligationsGuaranty.

DURATION OF GUARANTY. This is a continuing Guaranty and shall not be revoked by death, dissolution, merger, bankruptcy, incompetency or insolvency of the Guarantor. This Guaranty shall remain in full force and effect with respect to the Guarantor until five days after the Lender Bank receives written notice from the Guarantor revoking this Guaranty as to the Guarantor. In the event that this Guaranty is revoked by the Guarantor, said revocation shall have no effect on the continuing liability of the Guarantor to guarantee unconditionally the prompt payment of all Guaranteed Obligations which are contracted or incurred before prior to the revocation becomes effectivefifth day after receipt of the notice, including such prior Guaranteed Obligations which are subsequently renewed, modified or extended after the revocation becomes effective, as well as all extensions of credit made after revocation pursuant to commitments made prior to such revocation. Revocation of this Guaranty by any Guarantor shall not relieve any other Guarantor of any liability. Except as provided in Section 2.2, Guarantor’s obligations under this Guaranty for the Guaranteed Obligations will terminate upon the payment and performance in full of the Guaranteed Obligations.