Common use of Unenforceability Of Obligations Of Borrower Clause in Contracts

Unenforceability Of Obligations Of Borrower. This GUARANTY shall be valid, binding, and enforceable even if the obligations of the BORROWER to the LENDER which are guarantied hereby are now or hereafter become invalid or unenforceable for any reason.

Appears in 3 contracts

Samples: Guaranty Agreement (Ch Energy Group Inc), Guaranty Agreement (Ch Energy Group Inc), Guaranty Agreement (Avatech Solutions Inc)

AutoNDA by SimpleDocs

Unenforceability Of Obligations Of Borrower. This GUARANTY shall be valid, binding, and enforceable even if the obligations of the BORROWER to the LENDER SECURED PARTIES which are guarantied guaranteed hereby are now or hereafter become invalid invalid, unenforceable or unenforceable uncollectible for any reason.

Appears in 2 contracts

Samples: Loan and Security Agreement (Martek Biosciences Corp), Guaranty Agreement (Martek Biosciences Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!