Common use of Revocation of Guaranty Clause in Contracts

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of Guarantor's obligations or Bank's rights with respect to transactions committed or entered into prior to Bank's receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 5 contracts

Samples: Gse Systems Inc, Gse Systems Inc, Gse Systems Inc

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Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by BankAdministrative Agent, at the address shown below or at such other address as may have been provided to Guarantor by BankAdministrative Agent, of written notice of revocation. Revocation shall not affect any of Guarantor's ’s obligations or Bank's Administrative Agent’s and Lenders’ rights with respect to transactions committed or entered into prior to Bank's Administrative Agent’s receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank Administrative Agent or any Lender authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 2 contracts

Samples: Credit Agreement (BJs RESTAURANTS INC), Credit Agreement (BJs RESTAURANTS INC)

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by any Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that which such Guarantor does not renounce. Such revocation shall be effective upon actual receipt by BankLenders, at the address shown below or at such other address as may have been provided to each Guarantor by BankLenders, of written notice of revocation. Revocation shall not affect any of the Guarantor's obligations or Bank's Lenders' rights with respect to transactions committed or entered into prior to Bank's Lenders' receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank Lenders authorized hereunder. Revocation by any Guarantor shall not affect any obligations of any other guarantor.

Appears in 2 contracts

Samples: Ashworth Inc, Ashworth Inc

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that which Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of Guarantor's obligations or Bank's rights with respect to transactions committed or entered into prior to which precede Bank's receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 2 contracts

Samples: Escalon Medical Corp, Escalon Medical Corp

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of Guarantor's ’s obligations or Bank's ’s rights with respect to transactions committed or entered into prior to Bank's ’s receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: Graham Corp

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written Written notice of revocation. Revocation shall not affect any of Guarantor's ’s obligations or Bank's ’s rights with respect to transactions committed or entered into prior to Bank's ’s receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for 51-727006-new-ldj Continuing or Limited Guaranty - 3 - payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: Apple REIT Ten, Inc.

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of Guarantor's ’s obligations or Bank's ’s rights with respect to transactions committed or entered into prior to Bank's ’s receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: Credit Facility Agreement (Continucare Corp)

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by BankPurchasers, at the address shown below or at such other address as may have been provided to Guarantor by BankPurchasers, of written notice of revocation. Revocation shall not affect any of Guarantor's ’s obligations or Bank's Purchaser’s rights with respect to transactions committed or entered into prior to Bank's Purchaser’s receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank Purchasers authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: Securities Purchase Agreement (Silverstar Holdings LTD)

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Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of Guarantor's obligations or Bank's rights with respect to transactions committed or entered into prior to Bank's receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: DJSP Enterprises, Inc.

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of OF Guarantor's obligations or Bank's rights with respect to transactions committed or entered into prior to Bank's receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: Note and Agreement (Trey Resources Inc)

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that which Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of Guarantor's obligations or Bank's rights with respect to transactions committed or entered into prior to Bank's receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: Pacific Sunwear of California Inc

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Bank, at the address shown below or at such other address as may have been provided to Guarantor by Bank, of written notice of revocation. Revocation shall not affect any of Guarantor's obligations or Bank's rights with respect to transactions committed or entered into prior to Bank's receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of OF any other act or omission of Bank authorized hereunder. Revocation by Guarantor shall not affect any obligations of OF any other guarantor.

Appears in 1 contract

Samples: Note and Agreement (Trey Resources Inc)

Revocation of Guaranty. (a) This Guaranty may be revoked at any time by Guarantor in respect to future transactions, unless there is a continuing consideration as to such transactions that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by BankLender, at the address shown below or at such other address as may have been provided to Guarantor by BankLender, of written notice of revocation. Revocation shall not affect any of Guarantor's ’s obligations or Bank's Lender’s rights with respect to transactions committed or entered into prior to Bank's Lender’s receipt of such notice, regardless of whether or not the Indebtedness related to such transactions, before or after revocation, has been incurred, renewed, compromised, extended, accelerated, or otherwise changed as to any of its terms, including time for payment or increase or decrease of the rate of interest thereon, and regardless of any other act or omission of Bank Lender authorized hereunder. Revocation by Guarantor shall not affect any obligations of any other guarantor.

Appears in 1 contract

Samples: Non Recourse Guaranty (Clean Energy Fuels Corp.)

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