Common use of Separate Identities Clause in Contracts

Separate Identities. Guarantor and Borrower are separate and distinct entities with no identity of interest with respect to any Primary Indebtedness which may become owed or any payments which may be made hereunder. Borrower is not contractually bound to Guarantor with respect to any payments hereafter made under this Guaranty in any manner which would have the effect of imputing the liability of Guarantor hereunder to Borrower.

Appears in 4 contracts

Sources: Personal Guaranty (Clear Choice Financial, Inc.), Personal Guaranty (Nationwide Financial Solutions, Inc.), Personal Guaranty (Clear Choice Financial, Inc.)

Separate Identities. Guarantor and Borrower are separate and distinct entities with no identity of interest with respect to any Primary Indebtedness which may become owed or any payments which may be made hereunder. Borrower is not contractually bound to Guarantor with respect to any payments hereafter made under this Guaranty in any manner which would have the effect of imputing the liability of Guarantor hereunder to Borrower.

Appears in 1 contract

Sources: Personal Guaranty (Nationwide Financial Solutions, Inc.)