Joint and Several Obligation. If Guarantor consists of more than one person or entity, each shall be jointly and severally liable to perform the obligations of Guarantor hereunder. Any one of Borrower or one or more parties constituting Guarantor or any other party liable upon or in respect of this Agreement or the Loan may be released without affecting the liability of any party not so released.
Appears in 4 contracts
Sources: Guaranty of Non Recourse Exceptions (Creative Media & Community Trust Corp), Guaranty of Payment (Creative Media & Community Trust Corp), Completion Guaranty (Creative Media & Community Trust Corp)
Joint and Several Obligation. If Guarantor consists of more than one person or entity, each shall be jointly and severally liable to perform the obligations of Guarantor hereunder. Any one of Borrower or one or more parties constituting Guarantor or any other party liable upon or in respect of this Agreement Guaranty or the Loan may be released without affecting the liability of any party not so released.
Appears in 3 contracts
Sources: Guaranty of Recourse Obligations (Bloomin' Brands, Inc.), Guaranty of Recourse Obligations (Bloomin' Brands, Inc.), Guaranty of Recourse Obligations (Bloomin' Brands, Inc.)
Joint and Several Obligation. If Guarantor consists of more than one person Person or entity, each shall be jointly and severally liable to perform the obligations of Guarantor hereunder. Any one of Borrower or one or more parties constituting Guarantor or any other party liable upon or in respect of this Agreement or the Loan may be released without affecting the liability of any party not so released.
Appears in 2 contracts
Sources: Loan Agreement (Alexanders Inc), Guaranty of Recourse Obligations (Alexanders Inc)
Joint and Several Obligation. If In the event that Guarantor consists of ---------------------------- more than one person or entityparty, then each shall be jointly of such parties acknowledges and severally liable to perform the agrees that all obligations of Guarantor hereunder. Any one hereunder shall be joint and several, and all references to Guarantor hereunder shall be deemed to refer to each of Borrower or one or more such parties constituting comprising Guarantor or any both individually and collectively with the other party liable upon or in respect of this Agreement or the Loan may be released without affecting the liability of any party not so releasedsuch party.
Appears in 1 contract
Sources: Guaranty (Sizzler International Inc)
Joint and Several Obligation. If Guarantor consists of more than one person Person or entity, each shall be jointly and severally liable to perform the obligations of Guarantor hereunder. Any one Anyone of Borrower or one or more parties constituting Guarantor or any other party liable upon or in respect of this Agreement or the Loan may be released without affecting the liability of any party not so released.
Appears in 1 contract
Sources: Guaranty of Recourse Obligations (KBS Real Estate Investment Trust, Inc.)