Common use of Guaranteed Obligations Not Reduced by Offset Clause in Contracts

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Lender hereunder, shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any other party, against Lender (other than defenses based on the actual performance of the Guaranteed Obligations sought to be enforced hereunder), or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise, other than defenses based on the actual performance of the Guaranteed Obligations sought to be enforced hereunder.