Rights Cumulative; Payments. The obligations of Guarantor hereunder are independent of the obligations of Borrower and Lender’s rights under this Guaranty shall be in addition to all rights of Lender under the Note, the Mortgage and the other Loan Documents. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Guarantor whether or not Guarantor is the alter ego of Borrower and whether or not Borrower is joined therein or a separate action or actions are brought against Borrower. Lender’s rights hereunder shall not be exhausted until all of the obligations of Guarantor hereunder have been fully paid and performed.
Appears in 2 contracts
Samples: Guaranty of Payment (Peak Resorts Inc), Guaranty of Payment (Peak Resorts Inc)
Rights Cumulative; Payments. The obligations of Guarantor hereunder are independent of the obligations of Borrower Borrowers and Lender’s rights under this Guaranty shall be in addition to all rights of Lender under the NoteNotes, the Mortgage Mortgages and the other Loan Documents. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Guarantor whether or not any Guarantor is the alter ego of Borrower any of the Borrowers and whether or not Borrower is any Borrowers are joined therein or a separate action or actions are brought against Borrowerany Borrowers. Lender’s rights hereunder shall not be exhausted until all of the obligations of Guarantor hereunder have been fully paid and performed.
Appears in 2 contracts
Samples: Guaranty Agreement (Peak Resorts Inc), Guaranty Agreement (Peak Resorts Inc)
Rights Cumulative; Payments. The obligations of Guarantor hereunder are independent of the obligations of Borrower and Lender’s rights under this Guaranty shall be in addition to all rights of Lender under the NoteNotes, the Mortgage Mortgages and the other Loan Documents. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Guarantor whether or not Guarantor is the alter ego of Borrower and whether or not Borrower is joined therein or a separate action or actions are brought against Borrower. Lender’s rights hereunder shall not be exhausted until all of the obligations of Guarantor hereunder have been fully paid and performed.
Appears in 2 contracts
Samples: Restructure Agreement (Peak Resorts Inc), Guaranty Agreement (Peak Resorts Inc)