Common use of No Release of the Guarantors Clause in Contracts

No Release of the Guarantors. If the Guaranteed Obligations at any time exceeds the amount permitted by law, or the Company is not liable because the act of creating the Guaranteed Obligations is ultra xxxxx, or the officers or persons creating the Guaranteed Obligations acted in excess of their authority, and for these reasons the Guaranteed Obligations which the Guarantors agree to pay cannot be enforced against the Company, such fact shall in no manner affect the Guarantors’ liability hereunder, but the Guarantors shall be liable under this Guaranty notwithstanding that the Company is not liable for the Guaranteed Obligations, and to the same extent the Guarantors would have been liable if the Guaranteed Obligations had been enforceable against the Company.

No Release of the Guarantors. If the Guaranteed Obligations Indebtedness at any time exceeds the amount permitted by law, or the Company is not liable because the act of creating the Guaranteed Obligations Indebtedness is ultra xxxxx, or the officers or persons creating the Guaranteed Obligations Indebtedness acted in excess of their authority, and for these reasons the Guaranteed Obligations Indebtedness which the Guarantors agree to pay cannot be enforced against the Company, such fact shall in no manner affect the Guarantors’ ' liability hereunder, but the Guarantors shall be liable under this Guaranty notwithstanding that the Company is not liable for the Guaranteed ObligationsIndebtedness, and to the same extent the Guarantors would have been liable if the Guaranteed Obligations Indebtedness had been enforceable against the Company.