Consideration for Guaranty. Guarantor acknowledges and agrees with Vicis that but for the execution and delivery of this Guaranty by Guarantor, Vicis would not have acquired the Preferred Shares. Guarantor acknowledges and agrees that the proceeds of the sale of the Preferred Shares will result in significant benefit to Guarantor, which is either a direct or an indirect wholly-owned subsidiary of Issuer and or intended beneficiary of such proceeds.
Appears in 5 contracts
Samples: Guaranty Agreement (MDwerks, Inc.), Guaranty Agreement (MDwerks, Inc.), Guaranty Agreement (MDwerks, Inc.)
Consideration for Guaranty. Such Guarantor acknowledges and agrees with Vicis that but for the execution and delivery of this Guaranty by such Guarantor, Vicis would not have acquired the Preferred SharesAcquired Notes. Such Guarantor acknowledges and agrees that the proceeds of the sale of the Preferred Shares Acquired Notes will result in significant benefit to Guarantor, which such Guarantor who is either a direct or an indirect wholly-wholly owned subsidiary of Issuer and or intended beneficiary will benefit from the use of such proceeds.
Appears in 2 contracts
Samples: Guaranty Agreement (Amacore Group, Inc.), Guaranty Agreement (Amacore Group, Inc.)
Consideration for Guaranty. Guarantor acknowledges and agrees with Vicis that but for the execution and delivery of this Guaranty by Guarantor, Vicis would not have acquired the Preferred Shares. Guarantor acknowledges and agrees that the proceeds of the sale of the Preferred Shares will result in significant benefit to Guarantor, which Guarantor who is either a direct or an indirect the wholly-owned subsidiary of Issuer and or the intended beneficiary of such proceeds.
Appears in 2 contracts
Samples: Guaranty Agreement (OptimizeRx Corp), Guaranty Agreement (OptimizeRx Corp)
Consideration for Guaranty. The Guarantor acknowledges and agrees with Vicis that but for the execution and delivery of this Guaranty by the Guarantor, Vicis would not have acquired the Preferred Shares. The Guarantor acknowledges and agrees that the proceeds of the sale of the Preferred Shares will result in significant benefit to Guarantor, which the Guarantor who is either a direct or an indirect the wholly-owned subsidiary of Issuer and or the intended beneficiary of such proceeds.
Appears in 2 contracts
Samples: Guaranty Agreement (Infusion Brands International, Inc.), Guaranty Agreement (Infusion Brands International, Inc.)
Consideration for Guaranty. Guarantor acknowledges and agrees with Vicis that but for the execution and delivery by Guarantor of the 2010 Guaranty and this Guaranty by Guarantor, Vicis would not have acquired the 2010 Preferred Shares and 2011 Preferred Shares, respectively. Guarantor acknowledges and agrees that the proceeds of the sale of the 2010 Preferred Shares, has resulted in, and the proceeds of the sale of the 2011 Preferred Shares will result in in, significant benefit to Guarantor, which Guarantor who is either a direct or an indirect the wholly-owned subsidiary of Issuer and or the intended beneficiary of such proceeds.
Appears in 1 contract
Samples: Guaranty Agreement (OptimizeRx Corp)
Consideration for Guaranty. Each Guarantor acknowledges and agrees with Vicis that but for the execution and delivery of this Guaranty by such Guarantor, Vicis would not have acquired the Preferred Shares. Each Guarantor acknowledges and agrees that the proceeds of the sale of the Preferred Shares will result in significant benefit to Guarantor, which such Guarantor who is either a direct or an indirect the wholly-owned subsidiary of Issuer and or the intended beneficiary of such proceeds.
Appears in 1 contract