Common use of Condition of Borrower Clause in Contracts

Condition of Borrower. Without reliance on any information supplied by the Lender, each Guarantor has independently taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower or any collateral, and the Lender shall not have any duty to advise any Guarantor of information at any time known to the Lender regarding such financial condition or affairs or any collateral.

Appears in 14 contracts

Samples: Guaranty of Payment and Performance (Jernigan Capital, Inc.), Unconditional Guaranty of Payment and Performance (Jernigan Capital, Inc.), Unconditional Guaranty of Payment and Performance (Carter Validus Mission Critical REIT II, Inc.)

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Condition of Borrower. Without reliance on any information supplied by the Lender, each Guarantor has independently taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower or any collateral, and the Lender shall not have any duty to advise any Guarantor of information at any time known to the Lender regarding such financial condition or affairs or any collateral.

Appears in 1 contract

Samples: Unconditional Guaranty of Payment and Performance (NorthStar Healthcare Income, Inc.)

Condition of Borrower. Without reliance on any information supplied by the Agent or any Lender, each Guarantor has independently taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower or any collateral, collateral and the Agent and each Lender shall not have any duty to advise any Guarantor of information at any time known to the Agent or such Lender regarding such financial condition or affairs or any collateral.

Appears in 1 contract

Samples: Unconditional Guaranty of Payment and Performance (Mid-America Apartments, L.P.)

Condition of Borrower. Without reliance on any information supplied by the Lender, each Guarantor has independently taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower or any collateral, and the Lender shall not have any duty to advise any Guarantor of information at any time known to the Lender regarding such financial condition or affairs or any collateral..  Guaranty (Condor term loan)

Appears in 1 contract

Samples: Unconditional Guaranty of Payment and Performance (Condor Hospitality Trust, Inc.)

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Condition of Borrower. Without reliance on any information supplied by the Lender, each Guarantor has independently taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower or any collateral, and the Lender shall not have any duty to advise any Guarantor of information at any time known to the Lender regarding such financial condition or affairs or any collateral.. GUARANTY (CONDOR)

Appears in 1 contract

Samples: Unconditional Guaranty of Payment and Performance (Condor Hospitality Trust, Inc.)

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