Binding Effect; Joint and Several Obligations. This Guaranty is binding upon and inures to the benefit of Guarantor, Lender and their respective heirs, executors, legal representatives, successors, and assigns, whether by voluntary action, or death if Guarantor is a natural person, of the parties or by operation of law. Guarantor may not delegate or transfer its obligations under this Guaranty. If there is more than one Guarantor, each Guarantor shall be jointly and severally liable hereunder.
Appears in 4 contracts
Samples: Limited Guaranty (KBS Legacy Partners Apartment REIT, Inc.), Nonrecourse Exceptions Guaranty (Ashford Hospitality Trust Inc), Nonrecourse Exceptions Guaranty (Ashford Hospitality Trust Inc)
Binding Effect; Joint and Several Obligations. This Guaranty is binding upon and inures to the benefit of Guarantor, Lender and their respective heirs, executors, legal representatives, successors, and assigns, whether by voluntary action, or death if Guarantor is a natural person, action of the parties or by operation of law. Guarantor may not delegate or transfer its obligations under this Guaranty. If If, at any time during the term of the Loan, there is more than one Guarantor, each Guarantor shall be jointly and severally liable hereunder.
Appears in 3 contracts
Samples: Guaranty (NNN Healthcare/Office REIT, Inc.), NNN Healthcare/Office REIT, Inc., NNN Healthcare/Office REIT, Inc.
Binding Effect; Joint and Several Obligations. This Guaranty is binding upon Guarantor (subject to the terms and provisions hereof) and inures to the benefit of GuarantorAdministrative Agent, Lender for the benefit of the Lenders, and their the respective heirs, executors, legal representatives, successors, and assignsassigns of Guarantor and Administrative Agent, whether by voluntary action, or death if Guarantor is a natural person, action of the parties or by operation of law. Guarantor may not delegate or transfer its obligations under this Guaranty. If there is Guarantor comprises more than one GuarantorPerson, each Guarantor shall such Person will be jointly and severally liable hereunder.
Appears in 3 contracts
Samples: Payment Guaranty Agreement (KBS Real Estate Investment Trust III, Inc.), Carve Out Guaranty Agreement (KBS Real Estate Investment Trust III, Inc.), Payment Guaranty Agreement (KBS Real Estate Investment Trust III, Inc.)
Binding Effect; Joint and Several Obligations. This Guaranty is binding upon and inures to the benefit of GuarantorGuarantors, Lender and their respective heirs, executors, legal representatives, successors, and assigns, whether by voluntary action, or death if Guarantor is a natural person, action of the parties or by operation of law. No Guarantor may not delegate or transfer its obligations under this Guaranty. If there is more than one Guarantor, each Guarantor shall be jointly and severally liable hereunder.
Appears in 3 contracts
Samples: Independence Realty Trust, Inc, Angeles Income Properties LTD Ii, Behringer Harvard Opportunity REIT I, Inc.
Binding Effect; Joint and Several Obligations. This Guaranty is binding upon and inures to the benefit of Guarantor, Lender and their respective heirs, executors, legal representatives, successors, and assigns, whether by voluntary action, or death if Guarantor is a natural person, action of the parties or by operation of law. Guarantor may not delegate or transfer his/its obligations under this Guaranty. If there is more than one Guarantor, each Guarantor shall be jointly and severally liable for all liability and obligations, including without limitation the Guaranteed Obligations, hereunder.
Appears in 1 contract
Samples: Agreement of Guaranty and Suretyship (Behringer Harvard Opportunity REIT I, Inc.)
Binding Effect; Joint and Several Obligations. This Guaranty is binding upon and inures to the benefit of Guarantor, Lender FRS and their respective heirs, executors, legal representatives, successors, and assigns, whether by voluntary action, or death if Guarantor is a natural person, action of the parties or by operation of law. Guarantor may not delegate or transfer its obligations under this Guaranty. If there is more than one Guarantor, each Guarantor shall be jointly and severally liable hereunder.
Appears in 1 contract
