Common use of DURATION OF GUARANTY Clause in Contracts

DURATION OF 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 the Indebtedness incurred 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.

Appears in 2 contracts

Samples: Guaranty (Wsi Industries, Inc.), Guaranty (Wsi Industries, Inc.)

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DURATION OF 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 the Indebtedness incurred or contracted 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Nevada Gold & Casinos Inc), Asset Purchase Agreement (Nevada Gold & Casinos Inc)

DURATION OF GUARANTY. This Guaranty will take effect when received by Lender Creditor without the necessity notice of any acceptance by LenderCreditor, or any notice to Guarantor or to BorrowerDebtor, and will continue in full force until such time as Creditor has received all payments due. The undersigned consents to any extensions or modifications granted to Debtor and the Indebtedness incurred 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 release and/or compromise of any other guarantor obligations of Debtor or termination of any other guaranty of obligors and guarantors without notice and without in any way releasing the Indebtedness shall not affect the liability of Guarantor under this Guarantyundersigned from his or her obligations hereunder.

Appears in 1 contract

Samples: Guaranty

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DURATION OF 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, Holder and will continue in full force until such time as all obligations of the Indebtedness incurred Borrower to the Holder under the Note are fully satisfied. Guarantor agrees that nothing contained herein shall have been fully prevent Holder from suing on the Note or from exercising any rights available to it thereunder and finally paid and satisfied and all of Guarantor's other obligations under this Guaranty shall have been performed in full. Release that the exercise of any other guarantor of the aforesaid rights shall not constitute a legal or termination equitable discharge of any other guaranty of the Indebtedness shall not affect the liability of Guarantor under this GuarantyGuarantor.

Appears in 1 contract

Samples: Guaranty (National Lampoon Inc)

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