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CC PACKET 07121988
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CC PACKET 07121988
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Last modified
12/30/2015 4:31:02 PM
Creation date
12/30/2015 4:30:38 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 07121988
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Redeveloper) , then and in such event the Guarantor agrees that • <br /> any such judgment, decree, order, settlement or compromise <br /> shall be binding upon the Guarantor, and the Guarantor shall be <br /> and remain liable to HRA hereunder for the amount so repaid or <br /> recovered to the same extent as if such amount had never <br /> originally been received by HRA. <br /> 7. Any acknowledgment or new promise, whether made by <br /> Redeveloper or others (including the Guarantor) with respect to <br /> any of the Guarantied Obligations shall, if the statute of <br /> limitations in favor of the Guarantor against HRA shall have <br /> commenced to run, toll the running of such statute of <br /> limitations and, if the period of such statute- of limitations <br /> shall have expired, prevent the operation of such statute of <br /> limitations with respect to such promise. <br /> 8 . Until the Guarantied Obligations and this Guaranty <br /> are fully performed, the Guarantor ' s obligations hereunder <br /> shall not be released, in whole or in part, by any action or <br /> thing which might, but for.'this provision of this Guaranty, be <br /> deemed a .legal or equitable discharge of a surety or guarantor, <br /> or by reason of any waiver, extension, modification, <br /> forbearance or delay or other act or omission of HRA or its <br /> failure to proceed promptly or otherwise, or by reason of any <br /> action taken or omitted by HRA whether or not such action or <br /> failure to act varies or increases the risk of, or affects the <br /> rights or remedies of the Guarantor, nor shall any modification <br /> • <br /> -5- <br />
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