Common use of Benefit to Guarantor Clause in Contracts

Benefit to Guarantor. The Guarantor acknowledges and warrants that he has derived or expects to derive financial and other advantage and benefit, directly or indirectly, from the Loan and each and every advance thereof and from each and every renewal, extension, amendment, increase, replacement, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by Lender to Borrower.

Appears in 2 contracts

Samples: Guaranty Agreement (Escalon Medical Corp), Guaranty Agreement (Escalon Medical Corp)

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Benefit to Guarantor. The Guarantor acknowledges and warrants that he Guarantor has derived or expects to derive financial and other advantage and benefit, directly or indirectly, from the Loan and each and every advance thereof and from each and every renewal, extension, amendment, increase, replacement, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by Lender to Borrower.

Appears in 2 contracts

Samples: Guaranty Agreement (Sky Harbour Group Corp), Guaranty Agreement (Sky Harbour Group Corp)

Benefit to Guarantor. The Guarantor acknowledges and warrants that he it has derived or expects to derive financial and other advantage and benefit, directly or indirectly, from the Loan and each and every advance thereof Guaranteed Indebtedness and from each and every renewal, extension, amendment, increase, replacement, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by Lender the Investor to Borrowerthe Company.

Appears in 1 contract

Samples: Guaranty (Advanced Growing Systems, Inc.)

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Benefit to Guarantor. The Guarantor acknowledges and warrants confirms that he Guarantor has derived or expects to derive a financial or other advantage from every loan and other advantage and benefit, directly or indirectly, extension of credit from Lender to Borrower in respect of the Loan and each and every advance thereof under the Loan Agreement, and from each and every renewal, extension, amendment, increase, replacement, release of collateral collateral, and other release or other relinquishment change of legal rights made made, now or granted or in the future, relating to be made or granted by Lender to Borrowerthe Loan Agreement and any related security agreement.

Appears in 1 contract

Samples: Guaranty Agreement

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