CLRT » Topics » Guarantee Absolute and Unconditional

This excerpt taken from the CLRT 8-K filed Jun 20, 2006.
Guarantee Absolute and Unconditional.   The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of this Agreement, the Note or any other Loan Document, the absence of any action to enforce the same, any waiver or consent by Lender or its successors or assigns with respect to any provisions hereof or thereof, the recovery of any judgment against Borrower, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor.

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