Common use of Invalidity of Guaranteed Obligations Clause in Contracts

Invalidity of Guaranteed Obligations. The invalidity, illegality or unenforceability of all or any part of the Guaranteed Obligations, or any document or agreement executed in connection with the Guaranteed Obligations, for any reason whatsoever, including without limitation the fact that (i) the Guaranteed Obligations, or any part thereof, exceeds the amount permitted by law, (ii) the act of creating the Guaranteed Obligations or any part thereof is ultra ▇▇▇▇▇, (iii) the officers or representatives executing the Note, the Deed of Trust or the other Loan Documents or otherwise creating the Guaranteed Obligations acted in excess of their authority, (iv) the Guaranteed Obligations violate applicable usury laws, (v) the Borrower has valid defenses, claims or offsets (whether at law, in equity or by agreement), other than a defense based on the actual performance of the Guaranteed Obligations sought to be enforced hereunder, which render the Guaranteed Obligations wholly or partially uncollectible from Borrower,

Invalidity of Guaranteed Obligations. The invalidity, illegality illegality, or unenforceability of all or any part of the Guaranteed Obligations, or any document or agreement executed in connection with the Guaranteed Obligations, for any reason whatsoever, including without limitation the fact that (ia) the Guaranteed Obligations, or any part thereof, exceeds exceed the amount permitted by law, (iib) the act of creating the Guaranteed Obligations Obligations, or any part thereof thereof, is ultra ▇v▇▇▇▇, (iiic) the officers or representatives executing the Note, the Deed of Trust Financing Agreements or the any other Loan Documents or documents otherwise creating the Guaranteed Obligations acted in excess of their authority, (ivd) the Guaranteed Obligations violate applicable usury laws, (ve) the Borrower any Obligor has valid defenses, claims or offsets (whether at law, in equity or by agreement), other than a defense based on the actual performance of the Guaranteed Obligations sought to be enforced hereunder, ) which render the any Guaranteed Obligations wholly or partially uncollectible from Borrower,such Obligor, (f) the creation, performance