KAVANAUGH, Circuit Judge:
In 1986, A. Huda Farouki personally guaranteed a loan made by Petra International Banking Corporation to American Export Group International Services, or AEGIS. But all was not well with AEGIS, which filed for bankruptcy in 1987. Although AEGIS's bankruptcy triggered Petra's right to sue Farouki under the terms of the Guaranty Agreement, Petra did not do so. Indeed, Petra continued administering loans to AEGIS for the next decade.
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