Common use of Commercial Transaction; No Advice Clause in Contracts

Commercial Transaction; No Advice. Xxxxxxxxx confirms, acknowledges and agrees that (a) this Guaranty is being executed and delivered in connection with a commercial business transaction; (b) none of the Loan proceeds is being or will be used by Guarantor or any other Person for any personal, family, or household purpose; and (c) Guarantor has not received any legal, tax, financial or accounting advice from Lender or any Affiliate of Lender. ​

Appears in 4 contracts

Samples: Guaranty (Lodging Fund REIT III, Inc.), Guaranty (Lodging Fund REIT III, Inc.), Guaranty (Lodging Fund REIT III, Inc.)

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Commercial Transaction; No Advice. Xxxxxxxxx Guarantor confirms, acknowledges and agrees that (a) this Guaranty is being executed and delivered in connection with a commercial business transaction; (b) none of the Loan proceeds is being or will be used by Guarantor or any other Person for any personal, family, or household purpose; and (c) Guarantor has not received any legal, tax, financial or accounting advice from Lender or any Affiliate of Lender. ​.

Appears in 4 contracts

Samples: Guaranty (Lodging Fund REIT III, Inc.), Guaranty (Lodging Fund REIT III, Inc.), Guaranty (Condor Hospitality Trust, Inc.)

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Commercial Transaction; No Advice. Xxxxxxxxx confirms, acknowledges and agrees that (a) this Guaranty is being executed and delivered in connection with a commercial business transaction; (b) none of the Loan proceeds is being or will be used by Guarantor or any other Person for any personal, family, or household purpose; and (c) Guarantor has not received any legal, tax, financial or accounting advice from Lender or any Affiliate of Lender. ​.

Appears in 1 contract

Samples: Guaranty (Lodging Fund REIT III, Inc.)

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