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Common use of Suretyship Defenses Clause in Contracts

Suretyship Defenses. Any defenses which Guarantor may have or assert against the enforcement of this Guaranty or any Obligation based upon suretyship principles or any impairment of Collateral.

Appears in 9 contracts

Samples: Guaranty (Industrial Services of America Inc), Loan and Security Agreement (CAI International, Inc.), Guaranty (Ipg Photonics Corp)

Suretyship Defenses. Any defenses which Guarantor may have or assert against the enforcement of this Guaranty or any Secured Obligation based upon suretyship principles or any impairment of Collateral.

Appears in 3 contracts

Samples: Guaranty, Guaranty (Global Energy, Inc.), Continuing Guaranty (Global Energy, Inc.)