Common use of Separate Action Clause in Contracts

Separate Action. Each default in payment of any amount due under this Guaranty will, at Lender’s sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at Lender’s sole option, may be brought under this Guaranty as each cause of action arises.

Appears in 11 contracts

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

Separate Action. Each default in payment of any amount due under this Guaranty will, at LenderBank’s sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at LenderBank’s sole option, may be brought under this Guaranty as each cause of action arises.

Appears in 5 contracts

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

Separate Action. Each default in payment of any amount due under this Guaranty will, at Lender’s 's sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at Lender’s 's sole option, may be brought under this Guaranty as each cause of action arises.

Appears in 3 contracts

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

Separate Action. Each default in payment of any amount due under this Guaranty will, at LenderAgent’s sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at LenderAgent’s sole option, may be brought under this Guaranty as each cause of action arises.

Appears in 2 contracts

Sources: Guaranty (Industrial Services of America Inc /Fl), Guaranty (Industrial Services of America Inc /Fl)

Separate Action. Each default in payment of any amount due under this Guaranty will, at Lender’s 's sole option, give rise to a separate cause of action under this Guaranty, and separate suits, at Lender’s sole option, may be brought under this Guaranty as each cause of action arises.and

Appears in 1 contract

Sources: Guaranty (Fm Precision Golf Corp)