Common use of Successors and Assigns; Joint and Several Liability Clause in Contracts

Successors and Assigns; Joint and Several Liability. This Guaranty shall inure to the benefit of the Lender and its successors and assigns. This Guaranty shall be binding on Guarantor and the successors and assigns of Guarantor. It is agreed that the liability of Guarantor hereunder is several and independent of any other guarantees or other obligations at any time in effect with respect to the Obligations or any part thereof and that the liability of Guarantor hereunder may be enforced regardless of the existence, validity, enforcement or nonenforcement of any such other guarantees or other obligations.

Appears in 5 contracts

Samples: Replacement Guaranty of Payment and Recourse Obligations (Inland Real Estate Income Trust, Inc.), Replacement Guaranty of Payment and Recourse Obligations (Inland Real Estate Income Trust, Inc.), Guaranty (Inland Real Estate Income Trust, Inc.)

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Successors and Assigns; Joint and Several Liability. This Guaranty shall inure to the benefit of the Lender and its successors and assigns. This Guaranty shall be binding on the Guarantor and the successors and assigns of the Guarantor. It is agreed that the liability of the Guarantor hereunder is several and independent of any other guarantees or other obligations at any time in effect with respect to the Obligations or any part thereof and that the liability of the Guarantor hereunder may be enforced regardless of the existence, validity, enforcement or nonenforcement non-enforcement of any such other guarantees or other obligations.

Appears in 2 contracts

Samples: Guaranty of Payment (NNN 2003 Value Fund LLC), Guaranty of Payment (NNN 2003 Value Fund LLC)

Successors and Assigns; Joint and Several Liability. This Guaranty shall inure to the benefit of the Lender and its successors and assigns. This Guaranty shall be binding on the Guarantor and the its heirs, legatees, successors and assigns of Guarantorassigns, as the case may be. It is agreed Guarantor agrees and acknowledges that the liability of the Guarantor hereunder is several and independent of any other guarantees or other obligations at any time in effect with respect to the Obligations or any part thereof thereof, and that the liability of the Guarantor hereunder may be enforced regardless of the existence, validity, enforcement or nonenforcement non-enforcement of any such other guarantees or other obligations.

Appears in 2 contracts

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

Successors and Assigns; Joint and Several Liability. This Guaranty shall inure to the benefit of the Lender and its successors and assigns. This Guaranty shall be binding on Guarantor and the heirs, legatees, successors and assigns of Guarantor. It is agreed that the liability of Guarantor hereunder is several and independent of any other guarantees or other obligations at any time in effect with respect to the Obligations or any part thereof and that the liability of Guarantor hereunder may be enforced regardless of the existence, validity, enforcement or nonenforcement non-enforcement of any such other guarantees or other obligations.

Appears in 1 contract

Samples: Guaranty of Payment and Performance (Feldman Mall Properties, Inc.)

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Successors and Assigns; Joint and Several Liability. This Guaranty shall inure to the benefit of the Lender Holder and its their participants, successors and assigns. This Guaranty shall be binding on Guarantor and the successors and assigns of Guarantor. It is agreed that the undersigned’s liability of Guarantor hereunder is several and independent of any other guarantees or other obligations at any time in effect with respect to the Company’s Obligations or any part thereof and that the Guarantor’s liability of Guarantor hereunder may be enforced regardless of the existence, validity, enforcement or nonenforcement non-enforcement of any such other guarantees or other obligations.

Appears in 1 contract

Samples: Loan Agreement (Eos Petro, Inc.)

Successors and Assigns; Joint and Several Liability. This Guaranty shall inure to the benefit of the Lender and its successors and assigns. This Guaranty shall be binding on the Guarantor and the heirs, legatees, successors and assigns of the Guarantor. It is agreed that the liability of the Guarantor hereunder is several and independent of any other guarantees or other obligations at any time in effect with respect to the Obligations or any part thereof and that the liability of the Guarantor hereunder may be enforced regardless of the existence, validity, enforcement or nonenforcement non-enforcement of any such other guarantees or other obligations.

Appears in 1 contract

Samples: Guaranty of Payment (Inland American Real Estate Trust, Inc.)

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