Common use of Benefit to Guarantor Clause in Contracts

Benefit to Guarantor. Guarantor hereby acknowledges that Lender would not make the Loan but for the personal liability undertaken by Guarantor under this Guaranty. Guarantor (i) is an affiliate of Borrower, (ii) has received, or will receive, direct and/or indirect benefit from the making of the Loan to Borrower and (iii) has received, or will receive, direct and/or indirect benefit from the making of this Guaranty with respect to the Guaranteed Obligations.

Appears in 10 contracts

Samples: Guaranty (Stratus Properties Inc), Non Recourse Carveout Guaranty (Brookfield DTLA Fund Office Trust Investor Inc.), Guaranty (Sears Holdings Corp)

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Benefit to Guarantor. Guarantor hereby acknowledges that Lender would not make the Loan but for the personal liability undertaken by Guarantor under this Guaranty. Guarantor (i) is an affiliate of Borrower, Borrower and (ii) has received, or will receive, direct and/or indirect benefit from the making of the Loan to Borrower and (iii) has received, or will receive, direct and/or indirect benefit from the making of this Guaranty with respect to the Guaranteed ObligationsBorrower.

Appears in 4 contracts

Samples: Guaranty (New York REIT, Inc.), Guaranty (New York REIT, Inc.), Guaranty (New York REIT, Inc.)

Benefit to Guarantor. Guarantor hereby acknowledges that Lender would not make the Loan but for the personal liability undertaken by Guarantor under this Guaranty. Guarantor (i) is an affiliate of Borrower, (ii) has received, Borrower and directly or will receive, direct and/or indirect benefit indirectly benefits from the making of the Loan to Borrower and (iii) has received, or will receive, direct and/or indirect benefit from the making of this Guaranty with respect to the Guaranteed ObligationsBorrower.

Appears in 3 contracts

Samples: Guaranty (Parkway, Inc.), Guaranty (Toys R Us Inc), Toys R Us Inc

Benefit to Guarantor. Guarantor hereby acknowledges that Lender would not make the Loan but for the personal liability undertaken by Guarantor under this Guaranty. Guarantor (i) is an affiliate of Borrower, (ii) is the owner of direct and/or indirect interest in Borrower, (iii) has received, or will receive, direct and/or indirect benefit from the making of the Loan to Borrower and (iiiiv) has received, or will receive, direct and/or indirect benefit from the making of this Guaranty with respect to the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Life Time Fitness Inc)

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Benefit to Guarantor. Such Guarantor hereby acknowledges that Lender would not make consent to the Loan Assumption but for the personal liability undertaken by Guarantor under this Guaranty. Such Guarantor (i) is an affiliate of Borrower, (ii) has received, or will receive, direct and/or indirect benefit from the making of the Loan to Borrower and (iii) has received, or will receive, direct and/or indirect benefit from the making of this Guaranty with respect to the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (American Realty Capital - Retail Centers of America, Inc.)

Benefit to Guarantor. Guarantor hereby acknowledges that Lender would not make the Loan but for the personal liability undertaken by Guarantor under this Guaranty. Guarantor (i) is an affiliate of Borrower, (ii) has received, Borrower and directly or will receive, direct and/or indirect benefit indirectly benefits from the making of the Loan to Borrower and Borrower. (iii) has received, or will receive, direct and/or indirect benefit from the making of this Guaranty with respect to the Guaranteed Obligations.c)

Appears in 1 contract

Samples: Guaranty (Hartman Short Term Income Properties XX, Inc.)

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