Common use of Benefit to Guarantors Clause in Contracts

Benefit to Guarantors. Guarantors acknowledge and warrant that each Guarantor has derived or expects to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, 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 (Horizon Group Properties Inc), Guaranty Agreement (Horizon Group Properties Inc)

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Benefit to Guarantors. Guarantors acknowledge Each Guarantor acknowledges and warrant warrants that each such Guarantor has derived or expects to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, 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 (Horizon Group Properties Inc), Guaranty Agreement (Prime Retail Inc/Bd/)

Benefit to Guarantors. Guarantors acknowledge and warrant that each Guarantor has they derived or expects expect to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by Lender Creditor to BorrowerDebtor in an amount not less than the amount guaranteed hereunder.

Appears in 1 contract

Samples: Alliance Portfolio Guaranty Agreement (General Environmental Management, Inc)

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Benefit to Guarantors. Guarantors acknowledge and warrant that each Guarantor has they derived or expects expect to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by the Lender to Borrowerthe borrower.

Appears in 1 contract

Samples: Guaranty Agreement (Electronic Transmission Corp /De/)

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