Common use of Defenses Against Borrower Clause in Contracts

Defenses Against Borrower. The GUARANTOR waives any right to assert against the LENDER any defense (whether legal or equitable), claim, counterclaim, or right of setoff or recoupment which the GUARANTOR may now or hereafter have against the BORROWER or any other guarantor.

Appears in 3 contracts

Samples: Guaranty Agreement (Avatech Solutions Inc), Guaranty Agreement (Ch Energy Group Inc), Guaranty Agreement (Ch Energy Group Inc)

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Defenses Against Borrower. The GUARANTOR Guarantor waives any right to assert against the LENDER Lender any defense (whether legal or equitable), claim, counterclaim, or right of setoff or recoupment which the GUARANTOR Guarantor may now or hereafter have against the BORROWER Borrower or any other guarantor.

Appears in 2 contracts

Samples: Limited Guaranty Agreement, Limited Guaranty Agreement (Inland Diversified Real Estate Trust, Inc.)

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Defenses Against Borrower. The GUARANTOR waives any right to assert against the LENDER SECURED PARTIES any defense (whether legal or equitable), claim, counterclaim, or right of setoff or recoupment which the GUARANTOR may now or hereafter have against the BORROWER or any other guarantor.

Appears in 2 contracts

Samples: Guaranty Agreement (Martek Biosciences Corp), Loan and Security Agreement (Martek Biosciences Corp)

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