Common use of Guarantor’s Waiver of Notice Clause in Contracts

Guarantor’s Waiver of Notice. The Guarantor waives in favour of The Brokers any notices as to the terms and conditions applicable to the Guaranteed Account or agreements or dealings between The Brokers and the Customer, or relating in any way to the status or condition or transactions or changes in the Guaranteed Account, agrees that the accounts as settled or stated between The Brokers and the Customer shall be conclusive as to the amounts owing, and waives any rights of subrogation until all Guaranteed obligations are paid in full. Notwithstanding the foregoing, the Guarantor may require, at any time, to be informed by The Brokers of the nature and amount of the Liabilities and the Customer hereby authorizes The Brokers to provide such information to the Guarantor. The Brokers shall not be bound to exhaust their recourse against the Customer or others or any security provided by the Customer or others before being entitled to payment from the Guarantor. The Guarantor renounces all benefits of discussion and division. Whenever this Guarantee entitles The Brokers to alternative courses of action, The Brokers shall be entitled to choose any, none, or all such alternative courses of action in their sole unfettered discretion.

Guarantor’s Waiver of Notice. The Guarantor waives in favour of The Brokers any notices as to the terms and conditions applicable to the Guaranteed Account or agreements or dealings between The Brokers and the Customer, or relating in any way to the status or condition or transactions or changes in the Guaranteed Account, agrees that the accounts as settled or stated between The Brokers and the Customer shall be conclusive as to the amounts owing, and waives any rights of subrogation until all Guaranteed obligations are paid in full. Notwithstanding the foregoing, the Guarantor may require, at any time, to be informed by The Brokers of the nature and amount of the Liabilities and the Customer hereby authorizes The Brokers to provide such information to the Guarantor. The Brokers shall not be bound to exhaust their recourse against the Customer or others or any security provided by the Customer or others before being entitled to payment from the Guarantor. The Guarantor renounces all benefits of discussion and division. Whenever this Guarantee entitles The Brokers to alternative courses of action, The Brokers shall be entitled to choose any, none, or all such alternative courses of action in their sole unfettered discretion.. 00-00-000_E (09/21)