Common use of Unconditional Nature Clause in Contracts

Unconditional Nature. No act or thing need occur to establish the Guarantor's liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full, until this Guaranty is revoked prospectively as to future transactions, by written notice actually received by the Lender, and such revocation shall not be effective as to the amount of Indebtedness existing or committed for at the time of actual receipt of such notice by the Lender, or as to any renewals, extensions, refinancings or refundings thereof.

Appears in 14 contracts

Samples: Guaranty (Meteor Industries Inc), And (Leather Factory Inc), Tradestar Services, Inc.

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Unconditional Nature. No act or thing need occur to establish the -------------------- Guarantor's liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full, until this Guaranty is revoked prospectively as to future transactions, by written notice actually received by the LenderAgent, and such revocation shall not be effective as to the amount of Indebtedness existing or committed for at the time of actual receipt of such notice by the LenderAgent, or as to any renewals, extensions, refinancings or refundings thereof.

Appears in 8 contracts

Samples: Nationwide Electric Inc, Nationwide Electric Inc, Nationwide Electric Inc

Unconditional Nature. No act or thing need occur to establish the Guarantor's ’s liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's ’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full, until this Guaranty is revoked prospectively as to future transactions, by written notice actually received by the LenderWFBC, and such revocation shall not be effective as to the amount of Indebtedness existing or committed for at the time of actual receipt of such notice by the LenderWFBC, or as to any renewals, extensions, refinancings or refundings thereof.

Appears in 7 contracts

Samples: Guaranty by Corporation (MPC Corp), HyperSpace Communications, Inc., HyperSpace Communications, Inc.

Unconditional Nature. No act or thing need occur to establish the Guarantor's ’s liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's ’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full, until this Guaranty is revoked prospectively as to future transactions, by written notice actually received by the Lender, and such revocation shall not be effective as to the amount of Indebtedness existing or committed for at the time of actual receipt of such notice by the Lender, or as to any renewals, extensions, refinancings or refundings thereof.

Appears in 7 contracts

Samples: Guaranty by Corporation (Pacific Cma Inc), Guaranty by Company (Pacific Cma Inc), Guaranty by Corporation (Gvi Security Solutions Inc)

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Unconditional Nature. No act or thing need occur to establish the -------------------- Guarantor's liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full, until this Guaranty is revoked prospectively as to future transactions, by written notice actually received by the Lender, and such revocation shall not be effective as to the amount of Indebtedness existing or committed for at the time of actual receipt of such notice by the Lender, or as to any renewals, extensions, refinancings or refundings thereof.

Appears in 1 contract

Samples: Heartland Technology Inc

Unconditional Nature. No act or thing need occur to establish the Guarantor's ’s liability hereunder, and no act or thing, except full payment and discharge of all of the Indebtednessindebtedness, shall in any way exonerate the Guarantor hereunder or modify, reduce, limit or release the Guarantor's ’s liability hereunder. This is an absolute, unconditional and continuing guaranty of payment of the Indebtedness and shall continue to be in force and be binding upon the Guarantor, whether or not all of the Indebtedness is paid in full, until this Guaranty is revoked prospectively as to future transactions, by written notice actually received by the Lender, WFBCI and such revocation shall not be effective as to the amount of Indebtedness existing or committed for at the time of actual receipt of such notice by the Lender, WFBCI or as to any renewals, extensions, refinancings or refundings thereof.

Appears in 1 contract

Samples: Guaranty by Corporation (Diversified Corporate Resources Inc)

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