Independent and Separate Obligations. The obligations of each Guarantor hereunder are independent of any obligation of the Borrower or any general partner or managing member, and, in the event of any default hereunder, a separate action or actions may be brought and prosecuted against any Guarantor whether or not the Guarantor is the alter ego of the Borrower, any general partner, any managing member, or any other guarantor. LHC’s rights hereunder shall not be exhausted until the conditions to termination in Section 4.6 below have been satisfied.
Appears in 4 contracts
Samples: Rental Restoration and Development Program Guaranty, Performance and Completion Guaranty, Neighborhood Landlord Rental Program Guaranty
