Common use of Borrower’s Financial Condition Clause in Contracts

Borrower’s Financial Condition. The Owner hereby recognizes, acknowledges and agrees that advances may be made from time to time with respect to any Indebtedness without authorization from or notice to the Owner even though the financial condition of the Borrower, any endorser, cosigner, guarantor or other person liable on any Indebtedness may have deteriorated since the date of this Addendum. The Owner waives all right to require the Bank to disclose any information with respect to: (i) any Indebtedness; (ii) the financial condition, credit or character of the Borrower, any endorser, cosigner, guarantor or other person liable on any Indebtedness; (iii) any other or additional collateral securing any Indebtedness or any guaranty thereof; or (iv) any action or inaction on the part of the Bank, the Borrower or any endorser, cosigner, guarantor or other person liable on any Indebtedness. The Owner hereby assumes the responsibility for being informed of the financial condition, credit and character of the Borrower and of all circumstances bearing upon the risk of non-payment of any Indebtedness which diligent inquiry would reveal.

Borrower’s Financial Condition. The Owner Grantor hereby recognizes, acknowledges and agrees that advances may be made from time to time with respect to any Indebtedness without authorization from or notice to the Owner Grantor even though the financial condition of the Borrower, any endorser, cosigner, guarantor or other person liable on any Indebtedness may have deteriorated since the date of this AddendumSecurity Agreement. The Owner Grantor waives all right to require the Bank to disclose any information with respect to: (i) any Indebtedness; (ii) the financial condition, credit or character of the Borrower, any endorser, cosigner, guarantor or other person liable on any Indebtedness; (iii) any other or additional collateral securing any Indebtedness or any guaranty thereof; or (iv) any action or inaction on the part of the Bank, the Borrower or any endorser, cosigner, guarantor or other person liable on any Indebtedness. The Owner Grantor hereby assumes the responsibility for being informed of the financial condition, credit and character of the Borrower and of all circumstances bearing upon the risk of non-payment of any Indebtedness which diligent inquiry would reveal.

Borrower’s Financial Condition. The Owner Guarantor hereby recognizes, acknowledges and agrees that advances may be made from time to time with respect to any Indebtedness Guaranteed Obligation without authorization from or notice to the Owner Guarantor even though the financial condition of the either Borrower, any endorser, cosigner, other guarantor or other person Person liable on any Indebtedness Guaranteed Obligation may have deteriorated since the date of this AddendumLimited Guaranty. The Owner Guarantor waives all right to require the Bank to disclose any information with respect to: (i) to any IndebtednessGuaranteed Obligation; (ii) the financial condition, credit or character of the either Borrower, any endorser, cosigner, other guarantor or other person Person liable on any IndebtednessGuaranteed Obligation; (iii) any other or additional collateral securing any Indebtedness Guaranteed Obligation or any guaranty thereof; or (iv) any action or inaction on the part of the Bank, the either Borrower or any endorser, cosigner, other guarantor or other person Person liable on any IndebtednessGuaranteed Obligation. The Owner Guarantor hereby assumes the responsibility for being informed of the financial condition, credit and character of the either Borrower and of all circumstances bearing upon the risk of non-payment of any Indebtedness Guaranteed Obligation which diligent inquiry would reveal.

Borrower’s Financial Condition. The Owner Guarantor hereby recognizes, acknowledges and agrees that advances may be made from time to time with respect to any Indebtedness Guaranteed Obligation without authorization from or notice to the Owner Guarantor even though the financial condition of the either Borrower, any endorser, cosigner, other guarantor or other person Person liable on any Indebtedness Guaranteed Obligation may have deteriorated since the date of this AddendumSpringing Guaranty. The Owner Guarantor waives all right to require the Bank to disclose any information with respect to: (i) to any IndebtednessGuaranteed Obligation; (ii) the financial condition, credit or character of the either Borrower, any endorser, cosigner, other guarantor or other person Person liable on any IndebtednessGuaranteed Obligation; (iii) any other or additional collateral securing any Indebtedness Guaranteed Obligation or any guaranty thereof; or (iv) any action or inaction on the part of the Bank, the either Borrower or any endorser, cosigner, other guarantor or other person Person liable on any IndebtednessGuaranteed Obligation. The Owner Guarantor hereby assumes the responsibility for being informed of the financial condition, credit and character of the either Borrower and of all circumstances bearing upon the risk of non-payment of any Indebtedness Guaranteed Obligation which diligent inquiry would reveal.