Common use of Guarantor Waivers Clause in Contracts

Guarantor Waivers. If XXXX considers any Event of Default to have taken place under the Agreement, then XXXX may enforce its rights under this Guarantee without first seeking to obtain payment from any Merchant, any other guarantor, or any Collateral, Additional Collateral, or Cross-Collateral XXXX may hold pursuant to this Guarantee or any other agreement or guarantee. XXXX does not have to notify any Guarantor of any of the following events and Guarantor(s) will not be released from its obligations under this Guarantee even if it is not notified of: (i) any Merchant’s failure to pay timely any amount owed under the Agreement; (ii) any adverse change in any Merchant’s financial condition or business;

Guarantor Waivers. If XXXX PAZ considers any Event of Default to have taken place under the Agreement, then XXXX PAZ may enforce its rights under this Guarantee without first seeking to obtain payment from any Merchant, any other guarantor, or any Collateral, Additional Collateral, or Cross-Collateral XXXX PAZ may hold pursuant to this Guarantee or any other agreement or guarantee. XXXX XXX does not have to notify any Guarantor of any of the following events and Guarantor(s) will not be released from its obligations under this Guarantee even if it is not notified of: (i) any Merchant’s 's failure to pay timely any amount owed under the Agreement; (ii) any adverse change in any Merchant’s 's financial condition or business;