Common use of Impairment of Guaranty Clause in Contracts

Impairment of Guaranty. If any guarantor of Borrower's indebtedness to Capital dies, terminates its guaranty, defaults in the payment or performance of any obligations of guarantor owing to Capital, or becomes the subject of an Insolvency Proceeding;

Impairment of Guaranty. If any guarantor of Borrower's ’s indebtedness to Capital Bank dies, terminates its guaranty, defaults in the payment or performance of any obligations of guarantor owing to CapitalBank, or becomes the subject of an Insolvency Proceeding;