Common use of Acknowledgement of Lease Clause in Contracts

Acknowledgement of Lease. Guarantor shall not challenge the validity, enforceability or characterization of the Transaction, and Guarantor shall support the intent of Guarantor, Xxxxxx and Lessor that the Lease does not create a joint venture, partnership, equitable mortgage, trust, trust agreement, security interest or the like. Guarantor acknowledges that Lessor did not prepare or assist in the preparation of any of the projected financial figures used by Xxxxxx in analyzing the economic viability and feasibility of the Transaction.

Acknowledgement of Lease. Guarantor shall not challenge the validity, enforceability or characterization of the Transaction, and Guarantor shall support the intent of Guarantor, Xxxxxx and Lessor that the Lease does not create a joint venture, partnership, equitable mortgage, trust, trust agreement, security interest or the like. Guarantor acknowledges that Lessor Xxxxxx did not prepare or assist in the preparation of any of the projected financial figures used by Xxxxxx in analyzing the economic viability and feasibility of the Transaction.

Acknowledgement of Lease. Guarantor shall not challenge the validity, enforceability or characterization of the Transaction, and Guarantor shall support the intent of Guarantor, Xxxxxx Lxxxxx and Lessor that the Lease does not create a joint venture, partnership, equitable mortgage, trust, trust agreement, security interest or the like. Guarantor acknowledges that Lessor Lxxxxx did not prepare or assist in the preparation of any of the projected financial figures used by Xxxxxx Lxxxxx in analyzing the economic viability and feasibility of the Transaction.

Acknowledgement of Lease. Guarantor shall not challenge the validity, enforceability or characterization of the Transaction, and Guarantor shall support the intent of Guarantor, Xxxxxx Lessee and Lessor that the Lease does not create a joint venture, partnership, equitable mortgage, trust, trust agreement, security interest or the like. Guarantor acknowledges that Lessor did not prepare or assist in the preparation of any of the projected financial figures used by Xxxxxx Lessee in analyzing the economic viability and feasibility of the Transaction.