Common use of Death of Guarantor Clause in Contracts

Death of Guarantor. In the event of the death of Guarantor, the obligations of the deceased Guarantor under this Guaranty shall continue as an obligation against Guarantor's estate as to (a) all of the Guaranteed Indebtedness that is outstanding on the date of Guarantor's death, and any renewals or extensions thereof, and (b) all loans, advances and other extensions of credit made to or for the account of Borrower on or after the date of Guarantor's death pursuant to an obligation of ▇▇▇▇▇▇▇▇▇ under a commitment or agreement described in paragraph 1 above and made to or with Borrower prior to the date of Guarantor's death. The terms and conditions of this Guaranty, including without limitation the consents and waivers set forth in paragraph 4 hereof, shall remain in effect with respect to the Guaranteed Indebtedness described in the preceding sentence in the same manner as if Guarantor had not died.

Appears in 4 contracts

Sources: Specific Guaranty (Karts International Inc), Specific Guaranty (Karts International Inc), Specific Guaranty (Karts International Inc)

Death of Guarantor. In the event of the death of Guarantor, the obligations of the deceased Guarantor under this Guaranty shall continue as an obligation against Guarantor's estate as to (a) all of the Guaranteed Indebtedness that is outstanding on the date of Guarantor's death, and any renewals or extensions thereof, and (b) all loans, advances and other extensions of credit made to or for the account of Borrower on or after the date of Guarantor's death pursuant to an obligation of ▇▇▇▇▇▇▇▇▇ Bank under a commitment or agreement described in paragraph 1 subparagraph 1(d) above and made to or with Borrower prior to the date of Guarantor's death. The terms and conditions of this Guaranty, including without limitation the consents and waivers set forth in paragraph 4 6 hereof, shall remain in effect with respect to the Guaranteed Indebtedness described in the preceding sentence in the same manner as if Guarantor had not died.

Appears in 2 contracts

Sources: Guaranty (Avatar Systems Inc), Limited Guaranty (Avatar Systems Inc)

Death of Guarantor. In the event of the death of Guarantor, the obligations of the deceased Guarantor under this Guaranty shall continue as an obligation against Guarantor's estate as to (a) all of the Guaranteed Indebtedness that is outstanding on the date of Guarantor's death, and any renewals or extensions thereof, and (b) all loans, advances and other extensions of credit made to or for the account of Borrower on or after the date of Guarantor's death pursuant to an obligation of ▇▇▇▇▇▇▇▇▇ KBK under a commitment or agreement described in paragraph 1 above and made to or with Borrower prior to the date of Guarantor's death. The terms and conditions of this Guaranty, including without limitation the consents and waivers set forth in paragraph 4 hereof, shall remain in effect with respect to the Guaranteed Indebtedness described in the preceding sentence in the same manner as if Guarantor had not died.

Appears in 2 contracts

Sources: Guaranty (Red Oak Hereford Farms Inc), Specific Guaranty (Prologic Management Systems Inc)

Death of Guarantor. In the event of the death of Guarantor, the obligations of the deceased Guarantor under this Guaranty shall continue as an obligation against Guarantor's his estate as to (a) all of the Guaranteed Indebtedness that is outstanding on the date of the Guarantor's ’s death, and any renewals or extensions extension thereof, and (b) all loans, advances and other extensions of credit made to or for the account of Borrower on or after the date of Guarantor's ’s death pursuant to an obligation of ▇▇▇▇▇▇▇▇▇ Lender under a commitment or agreement described in paragraph 1 Subparagraph 1(d) above and made to or with Borrower prior to the date of Guarantor's ’s death. The terms and conditions of this Guaranty, including without limitation the consents and waivers set forth in paragraph 4 Paragraph 7 hereof, shall remain in effect with respect to the Guaranteed Indebtedness described in the preceding sentence in the same manner as if Guarantor had not died.

Appears in 1 contract

Sources: Guaranty Agreement (Schlotzskys Inc)