Common use of Responsibility of Guarantor Clause in Contracts

Responsibility of Guarantor. Guarantor hereby assumes responsibility for keeping informed of the financial condition of Borrower, and any and all indorsers and other guarantors of any instrument or document evidencing all or any part of the Guaranteed Obligations and of all other circumstances bearing on the risk of nonpayment of the Guaranteed Obligations or any part thereof that diligent inquiry would reveal. Lender will have no duty to advise Guarantor of information known to Lender regarding such condition or any such circumstances.

Appears in 7 contracts

Samples: Guaranty (Digital Angel Corp), Guaranty (Digital Angel Corp), Guaranty (Digital Angel Corp)

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Responsibility of Guarantor. Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of Borrower, Borrowers and any and all indorsers and indorsers, obligors or other guarantors of any instrument or document evidencing all or any part of the Guaranteed Obligations and of all other circumstances bearing on the risk of nonpayment of the Guaranteed Obligations or any part thereof that diligent inquiry would reveal. Lender Bank will have no duty to advise Guarantor of information known to Lender Bank regarding such condition or any such circumstances.

Appears in 4 contracts

Samples: Guaranty (EQM Technologies & Energy, Inc.), Guaranty (EQM Technologies & Energy, Inc.), Guaranty (EQM Technologies & Energy, Inc.)

Responsibility of Guarantor. Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of Borrower, and any and all indorsers and other guarantors of any instrument or document evidencing all or any part of the Guaranteed Obligations and of all other circumstances bearing on the risk of nonpayment of the Guaranteed Obligations or any part thereof that diligent inquiry would reveal. Lender will have no duty to advise Guarantor of information known to Lender regarding such condition or any such circumstances.

Appears in 2 contracts

Samples: Guaranty (Fm Precision Golf Corp), Guaranty (Fm Precision Golf Corp)

Responsibility of Guarantor. Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of Borrower, Borrower and any and all indorsers and other guarantors of any instrument or document evidencing all or any part of the Guaranteed Obligations and of all other circumstances bearing on the risk of nonpayment of the Guaranteed Obligations or any part thereof that diligent inquiry would reveal. Lender will have no duty to advise Guarantor of information known to Lender regarding such condition or any such circumstances.

Appears in 2 contracts

Samples: Guaranty (Twinlab Consolidated Holdings, Inc.), Guaranty (Twinlab Consolidated Holdings, Inc.)

Responsibility of Guarantor. Guarantor hereby assumes all responsibility for being and keeping itself informed of the Borrowers’ financial condition of Borrowerand assets, and any and all indorsers and other guarantors of any instrument or document evidencing all or any part of the Guaranteed Obligations and of all other circumstances bearing on the risk of nonpayment of the Guaranteed Obligations or any part thereof and the nature, scope, and extent of the risks that diligent inquiry would revealGuarantor assumes and incurs under this Guaranty. Lender Bank will have no duty to advise Guarantor of information known to Lender Bank regarding such condition or any such circumstances.

Appears in 1 contract

Samples: Financing Agreement (OVERSTOCK.COM, Inc)

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Responsibility of Guarantor. Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of Borrower, the Other Guarantors, and any and all indorsers endorsers and other guarantors of any instrument or document evidencing all or any part of the Guaranteed Obligations and of all other circumstances bearing on the risk of nonpayment of the Guaranteed Obligations or any part thereof that diligent inquiry would reveal. Lender will have Bank has no duty to advise Guarantor of information known to Lender Bank regarding such condition or any such circumstances.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

Responsibility of Guarantor. Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of each Borrower, and any and all indorsers and other guarantors of any instrument or document evidencing all or any part of the Guaranteed Obligations and of all other circumstances bearing on the risk of nonpayment of the Guaranteed Obligations or any part thereof that diligent inquiry would reveal. Lender will have no duty to advise Guarantor of information known to Lender regarding such condition or any such circumstances.

Appears in 1 contract

Samples: Guaranty (Fm Precision Golf Corp)

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