Common use of Statement of Obligations Clause in Contracts

Statement of Obligations. Any written agreement or other statement in writing by or between a Guarantee Beneficiary or the Guarantee Beneficiaries, as the case may be, and any Obligor (other than the Guarantor in question) from time to time of the indebtedness, obligations or liability of such Obligor to it or them, as the case may be, shall be binding upon each Guarantor and shall be prima facie evidence of the amount of the indebtedness, obligations or liability. All right to question in any way the present or future method of the Guarantee Beneficiaries of dealing with any Obligor or with any Persons now or hereafter liable to the Guarantee Beneficiaries for the Guaranteed Obligations or any part thereof, is hereby waived. Each Guarantor renounces all benefits of discussion and division.

Statement of Obligations. Any written agreement or other statement in writing by or between a Guarantee Beneficiary or the Guarantee Beneficiaries, as the case may be, and any Obligor (other than the Guarantor in question) from time to time of the indebtedness, obligations or liability of such Obligor to it or them, as the case may be, shall be binding upon each the Guarantor and shall be prima facie evidence of the amount of the indebtedness, obligations or liability. All right to question in any way the present or future method of the Guarantee Beneficiaries of dealing with any Obligor or with any Persons now or hereafter liable to the Guarantee Beneficiaries for the Guaranteed Obligations or any part thereof, is hereby waived. Each The Guarantor renounces all benefits of discussion and division.