Common use of No Demand by Lender Necessary; Waivers by Guarantor Clause in Contracts

No Demand by Lender Necessary; Waivers by Guarantor. The obligations of Guarantor under this Guaranty must be perfonned without demand by Lender and will be unconditional regardless of the genuineness, validity, regularity or enforceability of the Note, the Loan Agreement, or any other Loan Document, and without regard to any other circumstance which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a borrower or a mortgagor. Guarantor hereby waives, to the fullest extent pennitted by applicable law, all of the following: (a) The benefit of all principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms of this Guaranty and agrees that Guarantor's obligations will not be affected by any circumstances, whether or not refeffed to in this Guaranty, which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a b01Tower or a mortgagor. (b) The benefits of any right of discharge under any and all statutes or other laws relating to a guarantor, a surety, a b01Tower or a mortgagor, and any other rights of a surety, a guarantor, a b01Tower or a m01tgagor under such statutes or laws. (c) Diligence in collecting the Indebtedness, presentment, demand for payment, protest, all notices with respect to the Note and this Guaranty which may be required by statute, rule of law or otherwise to preserve Lender's rights against Guaranty - Multistate Page4

No Demand by Lender Necessary; Waivers by Guarantor. The obligations of Guarantor under this Guaranty must be perfonned performed without demand by Lender and will be unconditional regardless of the genuineness, validity, regularity or enforceability of the Note, the Loan Agreement, or any other Loan Document, and without regard to any other circumstance which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a borrower or a mortgagor. Guarantor hereby waives, to the fullest extent pennitted by applicable law, all of the following: (a) The benefit of all principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms tenns of this Guaranty and agrees that Guarantor's obligations will not be affected by any circumstances, whether or not refeffed referred to in this Guaranty, which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a b01Tower borrower or a mortgagor. (b) The benefits of any right of discharge under any and all statutes or other laws relating to a guarantor, a surety, a b01Tower borrower or a mortgagor, and any other rights of a surety, a guarantor, a b01Tower borrower or a m01tgagor mortgagor under such statutes or laws. (c) Diligence in collecting the Indebtedness, presentment, demand for payment, protest, all notices with respect to the Note and this Guaranty which may be required by statute, rule of law or otherwise to preserve Lender's rights against Guaranty - Guaranty- Multistate Page4

No Demand by Lender Necessary; Waivers by Guarantor. The obligations of Guarantor under this Guaranty must be perfonned without demand by Lender and will be unconditional regardless of the genuineness, validity, regularity or enforceability of the Note, the Loan Agreement, or any other Loan Document, and without regard to any other circumstance which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a borrower or a mortgagor. Guarantor hereby waives, to the fullest extent pennitted by applicable law, all of the following: (a) The benefit of all principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms tenns of this Guaranty and agrees that Guarantor's obligations will not be affected by any circumstances, whether or not refeffed referred to in this Guaranty, which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a b01Tower borrower or a mortgagor. (b) The benefits of any right of discharge under any and all statutes or other laws relating to a guarantor, a surety, a b01Tower borrower or a mortgagor, and any other rights of a surety, a guarantor, a b01Tower borrower or a m01tgagor mortgagor under such statutes or laws. (c) Diligence in collecting the Indebtedness, presentment, demand for payment, protest, all notices with respect to the Note and this Guaranty which may be required by statute, rule of law or otherwise to preserve Lender's rights against Guaranty - Multistate Page4

No Demand by Lender Necessary; Waivers by Guarantor. The obligations of Guarantor under this Guaranty must be perfonned performed without demand by Lender and will be unconditional regardless of the genuineness, validity, regularity or enforceability of the Note, the Loan Agreement, or any other Loan Document, and without regard to any other circumstance which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a borrower or a mortgagor. Guarantor hereby waives, to the fullest extent pennitted permitted by applicable law, all of the following: (a) The benefit of all principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms of this Guaranty and agrees that Guarantor's obligations will not be affected by any circumstances, whether or not refeffed referred to in this Guaranty, which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a b01Tower borrower or a mortgagor. (b) The benefits of any right of discharge under any and all statutes or other laws relating to a guarantor, a surety, a b01Tower borrower or a mortgagor, and any other rights of a surety, a guarantor, a b01Tower borrower or a m01tgagor mortgagor under such statutes or laws. (( c) Diligence in collecting the Indebtedness, presentment, demand for payment, protest, all notices with respect to the Note and this Guaranty which may be required by statute, rule of law or otherwise to preserve Lender's rights against Guaranty - Multistate Guaranty- i\lultistate Page4