Common use of Additional Guaranties Clause in Contracts

Additional Guaranties. Guarantor recognizes and agrees that Guarantor may have previously granted, and may in the future grant, one or more additional guaranties of Borrower's indebtedness in favor of Lender. Should this occur, the execution of this Agreement and any additional guaranties on the part of Guarantor will not be construed as a cancellation of this Agreement or any of Guarantor's additional guaranties; It being Guarantor's full intent and agreement that all such guaranties of Borrower's Indebtedness in favor of Lender shall remain in full force and affect and shall be cumulative in nature and effect.

Appears in 3 contracts

Sources: Commercial Guaranty (American Fire Retardant Corp), Commercial Guaranty (American Fire Retardant Corp), Commercial Guaranty (American Fire Retardant Corp)

Additional Guaranties. Guarantor recognizes and agrees that Guarantor may have previously granted, and may in the future grant, one or more additional guaranties of Borrower's indebtedness in Indebtedness In favor of LenderLander. Should this occur, the execution of this Agreement and any additional guaranties on the part of Guarantor will not be construed as a cancellation of this Agreement or any of Guarantor's additional guaranties; It it being Guarantor's full intent and agreement that all such guaranties of Borrower's Indebtedness in favor of Lender Lander shall remain in In full force and affect effect and shall be cumulative in nature and effect.

Appears in 3 contracts

Sources: Commercial Guaranty (American Fire Retardant Corp), Commercial Guaranty (American Fire Retardant Corp), Commercial Guaranty (American Fire Retardant Corp)

Additional Guaranties. Guarantor recognizes and agrees that Guarantor may have previously granted, and may in the future grant, one or more additional guaranties of Borrower's indebtedness the Indebtedness in favor of LenderBank. Should this occur, the execution of this Agreement and any additional guaranties on the part of Guarantor will not be construed as a cancellation of this Agreement or any of Guarantor's additional guaranties; It it being Guarantor's full intent and agreement that all such guaranties of Borrower's the Indebtedness in favor of Lender Bank shall remain in full force and affect effect and shall be cumulative in nature and effect.

Appears in 1 contract

Sources: Limited Commercial Guaranty (Genesis Energy Lp)

Additional Guaranties. Guarantor recognizes and agrees that Guarantor may have previously granted, and may in the future grant, one or more additional guaranties of Borrower's indebtedness Indebtedness in favor of Lender. Should this occur, the execution of this Agreement and any additional guaranties on the part of Guarantor will not be construed as a cancellation of this Agreement or any of Guarantor's additional guaranties; It it being Guarantor's full intent and agreement that all such guaranties of Borrower's Indebtedness in favor of Lender shall remain in full force and affect effect and shall be cumulative in nature and effect.

Appears in 1 contract

Sources: Loan Agreement (Midsouth Bancorp Inc)

Additional Guaranties. Guarantor recognizes and agrees that Guarantor may have has previously granted, and may in In the future grant, grant one or more additional guaranties of Borrower's the indebtedness and obligations in favor of Lender. Should this occur, the execution of this Agreement Guaranty and any additional guaranties Guaranties on the Guarantor's part of Guarantor will not be construed as a cancellation of this Agreement Guaranty or any of Guarantor's my additional guaranties; It it being Guarantor's full intent and agreement that all such of Guarantor's guaranties of Borrower's Indebtedness the indebtedness and obligations in favor of Lender Lender, shall remain in full force and affect and shall be cumulative in nature and effect.

Appears in 1 contract

Sources: Commercial Guaranty (Smith & Wollensky Restaurant Group Inc)