Common use of Nature of Obligations Clause in Contracts

Nature of Obligations. The obligations of Indemnitors hereunder are independent of the obligations of Borrower under the other Loan Documents. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Indemnitors whether or not Indemnitors are the alter ego of Borrower and whether or not Borrower is joined therein or a separate action or actions are brought against Borrower. Lender's rights hereunder shall not be exhausted until all of the obligations of Indemnitor hereunder have been fully paid and performed.

Nature of Obligations. The obligations of Indemnitors Indemnitor hereunder are independent of the obligations of Borrower under the other Loan DocumentsBorrower. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Indemnitors Indemnitor whether or not Indemnitors are Indemnitor is the alter ego of Borrower and whether or not Borrower is joined therein or a separate action or actions are brought against Borrower. Lender's rights hereunder shall not be exhausted until all of the obligations of Indemnitor hereunder have been fully paid and performed.

Nature of Obligations. The obligations of Indemnitors Indemnitor hereunder are independent of the obligations of Borrower under the other Loan DocumentsBorrower. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Indemnitors Indemnitor whether or not Indemnitors are Indemnitor is the alter ego of Borrower and whether or not Borrower is joined therein or a separate action or actions are brought against Borrower. Lender's ’s rights hereunder shall not be exhausted until all of the obligations of Indemnitor hereunder have been fully paid and performed.