Common use of Joinder of Parties Clause in Contracts

Joinder of Parties. The obligations of Guarantors are joint and several, and independent of the obligations of Debtor, and a separate action or actions may be brought and prosecuted against any Guarantor, whether action is brought against Debtor or any other guarantor or whether Debtor or any other guarantor be joined in any such action or actions. Guarantors waive, to the fullest extent permitted by law, the benefit of any statute of limitations affecting their liability under this Guaranty or the enforcement of this Guaranty. Any payment by Debtor or other circumstance that operates to toll any statute of limitations as to Debtor shall also operate to toll the statute of limitations as to Guarantors.

Appears in 2 contracts

Sources: Continuing Guaranty (Unified Grocers, Inc.), Continuing Guaranty (Unified Grocers, Inc.)

Joinder of Parties. The obligations of Guarantors (if there are more than one Guarantor) are joint and several, and independent of the obligations of Debtor, Tenant. Landlord who may bring and prosecute a separate action or actions may be brought and prosecuted against any GuarantorGuarantor(s), whether it brings an action is brought against Debtor Tenant or any other guarantor or whether Debtor or any other guarantor be joined joins Tenant in any such action or actionscommenced. Guarantors Guarantor(s) waive, to the fullest extent permitted by law, the benefit of any statute of limitations affecting their liability under this Guaranty agreement or the enforcement of this Guarantyagreement. Any payment by Debtor Tenant or other circumstance circumstances that operates to toll any statute of limitations limitation as to Debtor Tenant shall also operate to toll the statute of limitations as to Guarantors.

Appears in 1 contract

Sources: Guaranty (Outset Medical, Inc.)