Common use of Release of Obligors Clause in Contracts

Release of Obligors. Any full or partial release of the liability of Borrower for the Guaranteed Obligations, or any part thereof, or of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including Borrower) will be liable to pay or perform the Guaranteed Obligations, or that Lender will look to other Persons (including Borrower) to pay or perform the Guaranteed Obligations.

Appears in 3 contracts

Samples: Guaranty, Guaranty (IMH Financial Corp), Guaranty (IMH Financial Corp)

AutoNDA by SimpleDocs

Release of Obligors. Any full or partial release of the liability of Borrower any one or both of the Borrowers for the Guaranteed Obligations, Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations, Obligations or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 3 contracts

Samples: Guaranty of Recourse Obligations (American Realty Capital Hospitality Trust, Inc.), Real Estate Sale Agreement (W2007 Grace Acquisition I Inc), Real Estate Sale Agreement (American Realty Capital Hospitality Trust, Inc.)

Release of Obligors. Any full or partial release of the liability of Borrower or any Individual Borrower and/or Operating Lessee for the Guaranteed Obligations, Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged and agreed by each Guarantor that such Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and no Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including Borrowerany Individual Borrower and Operating Lessee) will be liable to pay or perform the Guaranteed Obligations, Obligations or that Lender will look to other Persons (including Borrowerany Individual Borrower and Operating Lessee) to pay or perform the Guaranteed Obligations.

Appears in 3 contracts

Samples: Guaranty of Recourse Obligations (Hospitality Investors Trust, Inc.), Guaranty of Recourse Obligations (Hospitality Investors Trust, Inc.), Guaranty of Recourse Obligations (Hospitality Investors Trust, Inc.)

Release of Obligors. Any full or partial release of the liability of Borrower for the Guaranteed Obligations, or any part thereof, or of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's ’s voluntary act, or otherwise, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including Borrower) will be liable to pay or perform the Guaranteed Obligations, or that Lender will look to other Persons (including Borrower) to pay or perform the Guaranteed Obligations.

Appears in 2 contracts

Samples: Guaranty (Owens Realty Mortgage, Inc.), Guaranty (Owens Realty Mortgage, Inc.)

Release of Obligors. Any full or partial release of the liability of Borrower for on the Guaranteed Obligations, Obligations or any part thereof, or of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's ’s voluntary act, or otherwise, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including Borrower) will be liable to pay or perform the Guaranteed Obligations, or that Lender will look to other Persons (including Borrower) to pay or perform the Guaranteed Obligations.

Appears in 2 contracts

Samples: Guaranty (Ionis Pharmaceuticals Inc), Guaranty (Ionis Pharmaceuticals Inc)

Release of Obligors. Any full or partial release of the liability of the Borrower for on the Guaranteed Obligations, Obligations or any part thereof, portion of the Guaranteed Obligations or of any co-guarantors, coguarantor or any other Person now or hereafter liable, whether directly or indirectly, indirectly and whether jointly, severally, or jointly and severally, to pay, perform, guarantee guarantee, or assure the payment of the Guaranteed Obligations or performance any portion of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged acknowledged, and agreed by the Guarantor that the Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from of any other Person, Person and that the Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding understanding, or agreement that any other Persons (including Borrower) Person will be liable to pay or perform the Guaranteed Obligations, Obligations or that the Lender will look to any other Persons (including Borrower) Person to pay or perform the Guaranteed Obligations.;

Appears in 1 contract

Samples: Guaranty (TNP Strategic Retail Trust, Inc.)

Release of Obligors. Any full or partial release of the liability of Borrower for on the Loan Obligations or the Guaranteed Obligations, Obligations or any part thereof, or of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Loan Obligations or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from of any other Person, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that any other Persons (including Borrower) Person will be liable to pay or perform the Loan Obligations or the Guaranteed Obligations, or that Administrative Agent or any Lender will look to any other Persons (including Borrower) Person to pay or perform any of the Loan Obligations or the Guaranteed Obligations.

Appears in 1 contract

Samples: Carveout Guaranty (Trinity Place Holdings Inc.)

AutoNDA by SimpleDocs

Release of Obligors. Any full or partial release of the liability of any Borrower for the Guaranteed Obligations, Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged and agreed by Guarantor that Guarantor may GUARANTORS THAT GUARANTORS MAY be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and neither Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including Borrower) will be liable to pay or perform the Guaranteed Obligations, Obligations or that Lender will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty of Recourse Obligations (Horizon Group Properties Inc)

Release of Obligors. Any full or partial release of the liability of Borrower for the Guaranteed Obligations, Completion Obligations or any part thereof, or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Completion Obligations, or any part thereof, by operation of law, Lender's voluntary act, or otherwise, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to perform or pay or perform the Guaranteed Completion Obligations in full as provided for herein, without assistance or support from any other Person, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including Borrower) will be liable to pay or perform the Guaranteed Obligations, Completion Obligations or that Lender or Agent will look to other Persons (including Borrower) to pay or perform the Guaranteed Completion Obligations.

Appears in 1 contract

Samples: Guaranty of Completion (Allegiant Travel CO)

Release of Obligors. Any full or partial release of the liability of any Borrower for the Guaranteed Obligations, or any part thereof, or of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment or performance of the Guaranteed Obligations, or any part thereof, by operation of law, Administrative Agent’s or any Lender's ’s voluntary act, or otherwise, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to pay or perform the Guaranteed Obligations in full without assistance or support from any other Person, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other Persons (including any Borrower) will be liable to pay or perform the Guaranteed Obligations, or that Lender Secured Parties will look to other Persons (including any Borrower) to pay or perform the Guaranteed Obligations.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!