Common use of Revocation of Guaranty Clause in Contracts

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 which such Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Lenders, at the address shown below or at such other address as may have been provided to each Guarantor by Lenders, of written notice of revocation. Revocation shall not affect any of the Guarantor's obligations or Lenders' rights with respect to transactions committed or entered into prior to 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 Lenders authorized hereunder. Revocation by any Guarantor shall not affect any obligations of any other guarantor. (b) Each Guarantor acknowledges and agrees that this Guaranty may be revoked only in accordance with the foregoing provisions of this paragraph and shall not be revoked simply as a result of any change in name, location, or composition or structure of Borrower, the dissolution of Borrower, or the termination, increase, decrease, or other change of any personnel or owners of Borrower.

Appears in 2 contracts

Samples: Guaranty (Ashworth Inc), Guaranty (Ashworth Inc)

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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 which such that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by Lendersthe Administrative Agent, at the address shown below or at such other address as may have been provided to each Guarantor by Lendersthe Administrative Agent, of written notice of revocation. Revocation shall not affect any of the Guarantor's ’s obligations or Lenders' the Administrative Agent’s rights with respect to transactions committed or entered into prior to Lenders' the 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 Lenders the Administrative Agent authorized hereunder. Revocation by any a Guarantor shall not affect any obligations of any other guarantor. (b) Each Guarantor acknowledges and agrees that this Guaranty may be revoked only in accordance with the foregoing provisions of this paragraph and shall not be revoked simply as a result of any change in name, location, or composition or structure of Borrower, the dissolution of Borrower, or the termination, increase, decrease, or other change of any personnel or owners of Borrower.

Appears in 1 contract

Samples: Continuing and Unconditional Guaranty (Prospect Medical Holdings 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 which such that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by LendersPurchasers, at the address shown below or at such other address as may have been provided to each Guarantor by LendersPurchasers, of written notice of revocation. Revocation shall not affect any of the Guarantor's ’s obligations or Lenders' Purchaser’s rights with respect to transactions committed or entered into prior to Lenders' 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 Lenders Purchasers authorized hereunder. Revocation by any Guarantor shall not affect any obligations of any other guarantor. (b) Each In the event of the death of Guarantor, the liability of the estate of the deceased Guarantor shall continue in full force and effect the Indebtedness existing at the date of death, and any renewals or extensions thereof. (c) Guarantor acknowledges and agrees that this Guaranty may be revoked only in accordance with the foregoing provisions of this paragraph and shall not be revoked simply as a result of any change in name, location, or composition or structure of Borrower, the dissolution of Borrower, or the termination, increase, decrease, or other change of any personnel or owners of Borrower.

Appears in 1 contract

Samples: Individual Guaranty (Silverstar Holdings LTD)

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 which such Guarantor does not renounce. Such revocation shall be effective upon actual receipt by LendersLender, at the address shown below or at such other address as may have been provided to each Guarantor by LendersLender, of written notice of revocation. Revocation shall not affect any of the Guarantor's ’s obligations or Lenders' Lender’s rights with respect to transactions committed or entered into prior to Lenders' 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 Lenders Lender authorized hereunder. Revocation by any Guarantor shall not affect any obligations of any other guarantor. (b) Each Guarantor acknowledges and agrees that this Guaranty may be revoked only in accordance with the foregoing provisions of this paragraph and shall not be revoked simply as a result of any change in name, location, or composition or structure of Borrower, the dissolution of Borrower, or the termination, increase, decrease, or other change of any personnel or owners of Borrower.

Appears in 1 contract

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

Revocation of Guaranty. Restated Loan Agreement in Favor of Fifth Third Bank, an Ohio banking corporation (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 which such that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by LendersBank, at the address shown below or at such other address as may have been provided to each Guarantor by LendersBank, of written notice of revocation. Revocation shall not affect any of the Guarantor's obligations or Lenders' Bank's rights with respect to transactions committed or entered into prior to Lenders' 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 Lenders Bank authorized hereunder. Revocation by any Guarantor shall not affect any obligations of any other guarantor. (b) Each Guarantor acknowledges and agrees that this Guaranty may be revoked only in accordance with the foregoing provisions of this paragraph and shall not be revoked simply as a result of any change in name, location, or composition or structure of BorrowerBorrowers, the dissolution of BorrowerBorrowers, or the termination, increase, decrease, or other change of any personnel or owners of BorrowerBonowers.

Appears in 1 contract

Samples: Loan Agreement (Innovative Food Holdings Inc)

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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 which such Guarantor does not renounce. Such revocation shall be effective upon actual receipt by LendersBank, at the address shown below or at such other address as may have been provided to each Guarantor by LendersBank, of written notice of revocation. Revocation shall not affect any of the Guarantor's obligations or Lenders' Bank's rights with respect to transactions committed or entered into prior to Lenders' 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 Lenders Bank authorized hereunder. Revocation by any Guarantor shall not affect any obligations of any other guarantor. (b) Each Guarantor acknowledges and agrees that this Guaranty may be revoked only in accordance with the foregoing provisions of this paragraph and shall not be revoked simply as a result of any change in name, location, or composition or structure of Borrower, the dissolution of Borrower, or the termination, increase, decrease, or other change of any personnel or owners of Borrower.

Appears in 1 contract

Samples: Limited Guaranty (Pacific Sunwear of California 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 which such that Guarantor does not renounce. Such revocation shall be effective upon actual receipt by LendersPurchasers, at the address shown below or at such other address as may have been provided to each Guarantor by LendersPurchasers, of written notice of revocation. Revocation shall not affect any of the Guarantor's obligations or Lenders' Purchaser's rights with respect to transactions committed or entered into prior to Lenders' 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 Lenders Purchasers authorized hereunder. Revocation by any Guarantor shall not affect any obligations of any other guarantor. (b) Each In the event of the death of Guarantor, the liability of the estate of the deceased Guarantor shall continue in full force and effect the Indebtedness existing at the date of death, and any renewals or extensions thereof. (c) Guarantor acknowledges and agrees that this Guaranty may be revoked only in accordance with the foregoing provisions of this paragraph and shall not be revoked simply as a result of any change in name, location, or composition or structure of Borrower, the dissolution of Borrower, or the termination, increase, decrease, or other change of any personnel or owners of Borrower.

Appears in 1 contract

Samples: Securities Purchase Agreement (Silverstar Holdings LTD)

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