Common use of Responsibility of Guarantors Clause in Contracts

Responsibility of Guarantors. Each Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of Borrowers, 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. No Secured Creditor will have any duty to advise Guarantors of information known to a Secured Creditor regarding such condition or any such circumstances.

Responsibility of Guarantors. Each Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of Borrowers, 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. No Secured Creditor Lender will have any no duty to advise Guarantors of information known to a Secured Creditor Lender regarding such condition or any such circumstances.

Responsibility of Guarantors. Each Guarantor hereby assumes responsibility for keeping itself himself informed of the financial condition of Borrowerseach 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. No Secured Creditor Lender will have any no duty to advise Guarantors of information known to a Secured Creditor Lender regarding such condition or any such circumstances.