Agmt12 Badawi & Associates - Laserfiche WebLink

Browse Search

� � prosecuting any action on the Purchase Agreement. Guarantor waives all defenses given to sureties � or guarantors at law or in equity other than actual payment or performance of the Obligations. Without limiting the generality of the fo�egoing, each Guarantor hereby waives any and all benefits of the provisions of Sections 2819, 2822, 2839, 2845, 2849, 2850, 2899 and 3433 of the ', California Civil Code and any similar or analogous statutes of California or any other jurisdiction. The rights of Holder are cumulative and shall not be exhausted by their exercise of , any of their rights hereunder or otherwise against Guarantor ar by any number of successive actions ' until and unless all Obligations have been paid or performed and each of the obligations of Guarantor have been performed. No exercise or non-exercise by Holder of any right or remedy of Holder sha11 in any way affect any of Guarantor's obligations hereunder or any security furnished , by Guarantor,or give Guarantor any recourse against Holder. ' Guaxantor agrees that the liability of Guazantor sha11 not be released, diminished, impaired,reduced, or affected by: (1) The taking or accepting of any other security or ; guaranty for the Purchase Agreement; or (2) Any release, withdrawal, waiver, . surrender, exchange, substitution, subordination, loss, or other modification of any other security or guaranty at any time existing in connection with tlie Purchase Agreement; any partial release of the liability of Guarantor hereunder, or under any other instnunent had or to be had in connection with or as security for the Purchase Agreement; or the death, insolvency, bankruptcy, disability or lack of corporate power of Holder, Guarantor, or any party at any time liable for the payment ' of any part or all of the Obligatioils, whether now e�sting or ' hereafter occurring (it being understood that this paragraph shall not i prevent the extinguishment of this Guaranty at such time as the Obligations and the Purchase Agreement have been fully satisfied in ; accordance with the terms thereo�;or � (3) Any renewal, extension, modification, or 'i consolidation of the terms of the Purchase Agreement or the payment i of any part or all of the Obligations, or the performance of any covenant contained in any instrument had or to be had in connection ' with or as security for the Purchase Agreement, either with or ' without notice to or consent of Guarantar of any adjustment, ' indulgence, forbearance, or compromise that may be granted or given by Holder to any party; or (4) Any neglect, delay, omission, failure, or refusal of Holder to take or prosecute any action for the collection of the PERSONAL GUARANTY 2 �