Certain Definitions and Rules of Construction. The word “Borrower” as used in this Guaranty includes both the named Borrower and any other Person at any time assuming or otherwise becoming primarily liable for all or any part of the obligations of the named Borrower under the Note, the Pledge Agreement, the Loan Agreement and the other Loan Documents. If this Guaranty is executed by more than one Person, the term “Guarantor” includes all such Persons. As used in this Guaranty, the term “Person” means any individual, corporation, limited or general partnership, limited liability company, trust or trustee(s) acting with respect to property held in trust, governmental agency or body, or other legal entity. When the context and construction so require, all words used in the singular will be deemed to have been used in the plural and vice versa. All headings appearing in this Guaranty are for convenience only and will be disregarded in construing this Guaranty. All references in this Guaranty to the Note, the Pledge Agreement or any other document include the same as now in effect and as it may be modified, amended, restated, supplemented, extended, replaced or consolidated.
Appears in 2 contracts
Samples: Payment Guaranty (Carey Watermark Investors 2 Inc), Payment Guaranty (Carey Watermark Investors Inc)
Certain Definitions and Rules of Construction. The word “Borrower” as used in this Guaranty includes both the named Borrower and any other Person at any time assuming or otherwise becoming primarily liable for all or any part of the obligations of the named Borrower under the Note, the Pledge Agreement, the Loan Agreement Security Instruments and the other Loan Documents. If this Guaranty is executed by more than one Person, the term “Guarantor” includes all such Persons. As used in this Guaranty, the term “Person” means any individual, corporation, limited or general partnership, limited liability company, trust or trustee(s) acting with respect to property held in trust, governmental agency or body, or other legal entity. When the context and construction so require, all words used in the singular will be deemed to have been used in the plural and vice versa. All headings appearing in this Guaranty are for convenience only and will be disregarded in construing this Guaranty. All references in this Guaranty to the Loan Agreement, the Note, the Pledge Agreement Security Instruments or any other document include the same as now in effect and as it may be modified, amended, restated, supplemented, extended, replaced or consolidated.
Appears in 1 contract
Samples: Carveout Payment Guaranty (Owens Realty Mortgage, Inc.)
Certain Definitions and Rules of Construction. The word “Borrower” as used in this Guaranty includes both the named Borrower and any other Person at any time assuming or otherwise becoming primarily liable for all or any part of the obligations of the named Borrower under the Note, the Pledge Agreement, the Loan Agreement and the other Loan Documents. If this Guaranty is executed by more than one Person, the term “Guarantor” includes all such Persons. As used in this Guaranty, the term “Person” means any individual, corporation, limited or general partnership, limited liability company, trust or trustee(s) acting with respect to property held in trust, governmental agency or body, or other legal entity. When the context and construction so require, all words used in the singular will be deemed to have been used in the plural and vice versa. All headings appearing in this Guaranty are for convenience only and will be disregarded in construing this Guaranty. All references in this Guaranty to the Note, the Pledge Agreement Note or any other document include the same as now in effect and as it may be modified, amended, restated, supplemented, extended, replaced or consolidated.
Appears in 1 contract
Samples: Payment Guaranty (Corporate Property Associates 18 Global Inc)