Common use of Liability Unaffected by Release Clause in Contracts

Liability Unaffected by Release. Any Guarantor, or any other party liable upon or in respect of any obligation hereby guaranteed, may be released without affecting the liability of any Guarantor not so released.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.), Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.), Credit Agreement (Acadia Realty Trust)

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Liability Unaffected by Release. Any Guarantor, or any other party Person liable upon or in respect of any obligation hereby guaranteed, may be released without affecting the liability of any Guarantor not so releasedhereunder.

Appears in 4 contracts

Samples: Assignment and Assumption of Lease Agreement (Standard Microsystems Corp), Guaranty of Recourse Carveouts (Standard Microsystems Corp), Guaranty of Completion (BRT Realty Trust)

Liability Unaffected by Release. Any Guarantor, or any other party Person liable upon or in respect of any obligation hereby guaranteed, may be released without affecting the liability of any Guarantor not so released.

Appears in 3 contracts

Samples: Guaranty of Payment (Taubman Centers Inc), Guaranty of Payment (Taubman Centers Inc), Guaranty of Payment (Taubman Centers Inc)

Liability Unaffected by Release. Any Guarantor, or any other party Person liable upon or in respect of any obligation hereby guaranteed, may be released without affecting the liability of any Guarantor not so released.

Appears in 2 contracts

Samples: Master Lease Agreement (Vail Resorts Inc), Guaranty (Vail Resorts Inc)

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Liability Unaffected by Release. Any Guarantor, or any other party person liable upon or in respect of any obligation hereby guaranteed, may be released without affecting the liability of any Guarantor not so released.

Appears in 1 contract

Samples: Mortgage Agreement (Ramco Gershenson Properties Trust)

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