Common use of OBLIGATIONS OF GUARANTORS INDEPENDENT Clause in Contracts

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (to the fullest extent permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the Borrower or such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 6 contracts

Samples: First Lien Guarantee and Collateral Agreement (Lee Enterprises, Inc), Subsidiaries Guaranty (RCN Corp /De/), Subsidiaries Guaranty (RCN Corp /De/)

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OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantorguarantor of the Guaranteed Obligations, the Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantorguarantor of the Guaranteed Obligations, the Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantorguarantor of the Guaranteed Obligations, the Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (to the fullest extent permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the Borrower or such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 3 contracts

Samples: Credit Agreement (Walter Investment Management Corp), Collateral and Guaranty Agreement (Pennymac Financial Services, Inc.), Collateral and Guaranty Agreement (Pennymac Financial Services, Inc.)

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (to the fullest extent permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the any Borrower or such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party Party, and whether or not any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (waives, to the fullest extent permitted by applicable law) , the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the any Borrower or any such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Aleris Ohio Management, Inc.), Credit Agreement (Aleris Ohio Management, Inc.)

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party be is joined in any such action or actions. Each Guarantor waives (to the fullest extent permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the any Borrower or such any other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 2 contracts

Samples: Abl Credit Agreement (Tesla Motors Inc), Guaranty (Ciena Corp)

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the any Canadian Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the any Canadian Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the any Canadian Borrower or any other Guaranteed Party be is joined in any such action or actions. Each Guarantor waives (to the fullest extent permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Canadian Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the any Canadian Borrower or such any other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 1 contract

Samples: Canadian Guaranty (Ciena Corp)

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (to the fullest extent permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the such Borrower or such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 1 contract

Samples: Global Subsidiaries Guaranty (Cooper-Standard Holdings Inc.)

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OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the either Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the either Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the either Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (to the fullest extent permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the either Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the such Borrower or such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 1 contract

Samples: u.s. Subsidiaries Guaranty (Westborn Service Center, Inc.)

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (waives, to the fullest extent permitted by applicable law) , the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the any Borrower or any such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 1 contract

Samples: u.s. Subsidiaries Guaranty (Aleris International, Inc.)

OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party and whether or not any other Guarantor, any other guarantor, the any Borrower or any other Guaranteed Party be joined in any such action or actions. Each Guarantor waives (waives, to the fullest extent permitted by applicable law) , the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Borrower or any other Guaranteed Party or other circumstance which operates to toll any statute of limitations as to the any Borrower or any such other Guaranteed Party shall operate to toll the statute of limitations as to each Guarantor.

Appears in 1 contract

Samples: u.s. Subsidiaries Guaranty (Aleris International, Inc.)

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