Concerning Guarantor Sample Clauses
The 'Concerning Guarantor' clause defines the rights, obligations, and responsibilities of a guarantor in a contractual agreement. Typically, this clause outlines the circumstances under which the guarantor must fulfill obligations if the primary party defaults, and may specify the scope and limits of the guarantor's liability. By clearly delineating the guarantor's role, this clause ensures that all parties understand the extent of the guarantee, thereby reducing uncertainty and allocating risk in the event of non-performance by the principal party.
Concerning Guarantor. The Borrower Loan Documents and the Funding Loan Documents to which the Guarantor is a party or a signatory executed simultaneously with this Borrower Loan Agreement have been duly executed and delivered by Guarantor and are legally valid and binding obligations of Guarantor, enforceable against Guarantor in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity.
Concerning Guarantor. The Guaranty has been duly executed and delivered by Guarantor and is a legally valid and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity.
Concerning Guarantor. { TC \l2 "Section 4.45. Concerning Guarantor"} The Borrower Loan Documents and the Funding Loan Documents to which the Guarantor is a party or a signatory executed simultaneously with this Borrower Loan Agreement have been duly executed and delivered by Guarantor and are legally valid and binding obligations of Guarantor, enforceable against Guarantor in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity.