Common use of Existing Or Future Guaranties Clause in Contracts

Existing Or Future Guaranties. The execution of this GUARANTY shall not discharge, terminate or in any way impair or adversely affect the validity or enforceability of any other guaranty given by the GUARANTOR to the LENDER. The execution and delivery by the GUARANTOR of any future guaranty for the benefit of the LENDER shall not discharge, terminate, or in any way impair or adversely affect the validity or enforceability of this GUARANTY. All guaranties provided by the GUARANTOR to the LENDER are intended to be cumulative and shall remain in full force and effect unless and until discharged and terminated in accordance with any expressly stated termination provisions set forth therein.

Appears in 6 contracts

Samples: Guaranty Agreement (Avatech Solutions Inc), Guaranty Agreement (Avatech Solutions Inc), Guaranty Agreement (Ch Energy Group Inc)

AutoNDA by SimpleDocs

Existing Or Future Guaranties. The execution of this GUARANTY shall not discharge, terminate or in any way impair or adversely affect the validity or enforceability of any other guaranty given by the GUARANTOR to the LENDERSECURED PARTIES. The execution and delivery by the GUARANTOR of any future guaranty for the benefit of the LENDER SECURED PARTIES shall not discharge, terminate, or in any way impair or adversely affect the validity or enforceability of this GUARANTYGUARANTY unless expressly stated therein. All guaranties provided by the GUARANTOR to the LENDER SECURED PARTIES are intended to be cumulative and shall remain in full force and effect unless and until discharged and terminated in accordance with any expressly stated termination provisions set forth therein.

Appears in 2 contracts

Samples: Guaranty Agreement (Martek Biosciences Corp), Loan and Security Agreement (Martek Biosciences Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!