Borrower Guaranty. (a) The Borrower guarantees to the Lender (i) the prompt payment and discharge of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms herein. (b) The Loan and the Borrower’s Obligations under the Loan are unsecured and shall not result in the imposition of any Lien in favor of the Lender on the Properties or assets of the Borrower.
Appears in 4 contracts
Samples: Loan Agreement (American Realty Capital Daily Net Asset Value Trust, Inc.), Loan Agreement (American Realty Capital Healthcare Trust Inc), Loan Agreement (American Realty Capital New York Recovery Reit Inc)
Borrower Guaranty. (a) The Borrower guarantees to the Lender (i) the prompt payment and discharge of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms herein.
(b) The Loan and the Borrower’s 's Obligations under the Loan are unsecured and shall not result in the imposition of any Lien in favor of the Lender on the Properties or assets of the Borrower.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)
