Common use of Benefit to Guarantor Clause in Contracts

Benefit to Guarantor. Guarantor acknowledges that it will benefit from the execution and continued existence of the Lease, and Guarantor further acknowledges that Landlord will be relying upon Guarantor's guarantee, representations, warranties and covenants contained herein.

Appears in 4 contracts

Samples: Guaranty of Lease and Letter of Credit Agreement (Alterra Healthcare Corp), Guaranty of Lease and Letter of Credit Agreement (Alterra Healthcare Corp), Guaranty of Lease and Letter of Credit Agreement (Brookdale Senior Living Inc.)

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Benefit to Guarantor. Guarantor acknowledges that it will benefit from the execution and continued existence of the Lease, and Guarantor further acknowledges that Landlord will be relying upon Guarantor's ’s guarantee, representations, warranties and covenants contained herein.

Appears in 2 contracts

Samples: Guaranty of Lease (Emeritus Corp\wa\), Newco Side Letter Agreement (Nationwide Health Properties Inc)

Benefit to Guarantor. Guarantor acknowledges that it will benefit from the execution of the Consent Agreement and the continued existence of the Lease, and Guarantor further acknowledges that Landlord will be relying upon Guarantor's ’s guarantee, representations, warranties and covenants contained hereinherein and that Landlord would not have been willing to enter into the Consent Agreement unless Guarantor was willing to execute and deliver this Guaranty.

Appears in 2 contracts

Samples: Consent Agreement and Amendment to Master Lease (Assisted 4 Living, Inc.), Guaranty of Master Lease (Assisted 4 Living, Inc.)

Benefit to Guarantor. Guarantor acknowledges that it will derive substantial benefit and value from the execution and continued existence of the Lease, and Guarantor further acknowledges that Landlord will be relying upon Guarantor's guarantee, representations, warranties and covenants contained herein.

Appears in 2 contracts

Samples: Guaranty of Master Lease and Security Agreement and Letter of Credit Agreement (Balanced Care Corp), Guaranty of Master Lease and Security Agreement (Balanced Care Corp)

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Benefit to Guarantor. Guarantor acknowledges that it will benefit from the execution and continued existence of the LeaseLeases, and Guarantor further acknowledges that Landlord will be relying upon Guarantor's guarantee, representations, warranties and covenants contained herein.

Appears in 1 contract

Samples: Guaranty of Leases (Mariner Post Acute Network Inc)

Benefit to Guarantor. Guarantor acknowledges that it will benefit from the execution and continued existence of the Lease, and Guarantor further acknowledges that Landlord will be relying upon Guarantor's ’s guarantee, representations, warranties and covenants contained hereinherein and that Landlord would not have been willing to enter into the Lease unless Guarantor was willing to execute and deliver this Guaranty.

Appears in 1 contract

Samples: Guaranty of Master Lease (CareTrust REIT, Inc.)

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