Common use of Consideration for Guaranty Clause in Contracts

Consideration for Guaranty. The Undersigned acknowledges and agrees with Lender that, but for the execution and delivery of this Validity Guaranty by the Undersigned, Lender would not have entered into the Credit Agreement. The Undersigned acknowledges and agrees that the loans and other extensions of credit made to Borrower by Lender under the Credit Agreement will result in significant benefits to the Undersigned.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Social Reality)

AutoNDA by SimpleDocs

Consideration for Guaranty. The Undersigned acknowledges and agrees with Lender that, but for the execution and delivery of this Validity Guaranty by the Undersigned, Lender would not have entered into the Credit Agreement. The Undersigned acknowledges and agrees that the loans and other extensions of credit made to Borrower Borrowers by Lender under the Credit Agreement will result in significant benefits to the Undersigned.

Appears in 1 contract

Samples: Credit Agreement (Poet Technologies Inc.)

Consideration for Guaranty. The Undersigned acknowledges and agrees with Lender thatthat , but for the execution and delivery of this Validity Guaranty by the Undersigned, Lender would not have entered into the Credit AgreementPurchase Agreement or the Note. The Undersigned acknowledges and agrees that the loans and other extensions of credit made to Borrower by Lender under the Credit Note and Purchase Agreement will result in significant benefits to the UndersignedUndersigned as a share holder of the public entity MHCC.

Appears in 1 contract

Samples: Validity Guaranty (Millennium Healthcare Inc.)

AutoNDA by SimpleDocs

Consideration for Guaranty. The Undersigned acknowledges acknowledge and agrees agree with Lender that, but for the execution and delivery of this Validity Guaranty Certificate by the Undersigned, Lender would not have entered into the Credit Agreement. The Undersigned acknowledges acknowledge and agrees agree that the loans and other extensions of credit made to Borrower by Lender under the Credit Agreement will result in significant benefits to the Undersigned.

Appears in 1 contract

Samples: Security Agreement (Drone USA Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!