NO SETOFF; RIGHTS AGAINST OTHER OBLIGORS. Guarantor hereby (a) waives all now existing or hereafter arising rights to recoup or offset any obligation of Guarantor under this Agreement against any claim or right of Guarantor against Bank, (b) waives all rights of exoneration now or hereafter arising out of or in connection with this Agreement, and (c) agrees that unless and until all of the Bank Debt of Borrower shall have been paid in full, Guarantor will not assert against any other Obligor or any other Obligor's property any rights (including, without limitation, contribution, indemnification, reimbursement, and subrogation) now or hereafter arising (whether by contract, operation of law, or otherwise) out of or in connection with this Agreement.
Appears in 4 contracts
Samples: Unconditional and Continuing Guaranty of Payment (New York Mortgage Trust Inc), Unconditional and Continuing Guaranty of Payment (New York Mortgage Trust Inc), Unconditional and Continuing Guaranty of Payment (New York Mortgage Trust Inc)
