Common use of Nature of the Guaranty Clause in Contracts

Nature of the Guaranty. This is a guaranty of payment and not of collection and the obligations of the Guarantor hereunder shall be direct, immediate and primary. This Guaranty shall in all respects be a continuing absolute and unconditional guarantee irrespective of the genuineness, validity or enforceability of the Note or any part thereof, or by the existence, enforceability, perfection or extent of any collateral therefor.

Appears in 2 contracts

Samples: Subordination Agreement (RumbleON, Inc.), Unconditional Guaranty Agreement (RumbleON, Inc.)

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Nature of the Guaranty. This is a The guaranty of payment and not of collection and the obligations of the Guarantor hereunder shall be direct, immediate immediate, and primaryprimary and is one of payment and not just collection. This Guaranty shall in all respects be a continuing absolute and unconditional guarantee irrespective The liability of the genuinenessGuarantor, validity or enforceability of the Note or any part thereof, or by Partnership Guarantor and Corporate Guarantor for the existence, enforceability, perfection or extent of any collateral thereforGuaranteed Obligations shall be joint and several.

Appears in 1 contract

Samples: Personal Guaranty Agreement (Interstate General Co L P)

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Nature of the Guaranty. This is a The guaranty of payment and not of collection and the obligations of the Guarantor hereunder shall be direct, immediate immediate, and primary. This Guaranty shall in all respects be a continuing absolute primary and unconditional guarantee irrespective is one of the genuineness, validity payment and performance and not just collection or enforceability of the Note or any part thereof, or by the existence, enforceability, perfection or extent of any collateral thereforsurety.

Appears in 1 contract

Samples: Guaranty Agreement (United American Healthcare Corp)

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