Execution by Guarantor Clause Samples
The 'Execution by Guarantor' clause defines the requirement that the guarantor must formally sign and execute the guarantee agreement to make it legally binding. In practice, this means the guarantor must provide their signature, and sometimes additional formalities such as witnessing or notarization, to confirm their consent to the obligations outlined in the guarantee. This clause ensures that the guarantor's commitment is clear and enforceable, preventing disputes about whether the guarantee was properly authorized or agreed to.
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Execution by Guarantor. By its execution below, the Guarantor hereby consents to the terms and conditions of this Agreement and reaffirms and ratifies its obligations under the Guaranty, which shall in all respects remain in full force and effect and is hereby ratified and affirmed. The Guarantor hereby acknowledges that its obligations under the Guaranty shall include, without limitation, its guarantee of the Company's obligations to the Bank under the Note, as amended hereby.
Execution by Guarantor. Guarantor has executed this Agreement to evidence its consent to the modification and amendments as described herein, and to acknowledge the continuing effect of its Guaranty and the obligations contained therein.
Execution by Guarantor. The Guarantor hereby consents to the execution of this Amendment by the Borrower and reaffirms its guarantee of all of the obligations of the Borrower to the Lender. Borrower and Guarantor acknowledge and agree that the renewal, extension and amendment of the Loan Agreement shall not be considered a novation of account or new contract but that all of the existing rights, titles, powers, and estates in favor of the Lender constitute valid and existing obligations in favor of the Lender. Borrower and Guaranty hereby confirm and agree that (a) neither the execution of this Amendment or any other Loan Document nor the consummation of the transactions described herein and therein shall in any way effect, impair or limit the covenants, liabilities, obligations and duties of Borrower and the Guarantor under the Loan Documents and (b) the obligations evidenced and secured by the Loan Documents continue in full force and effect. The Guarantor hereby further confirms that it unconditionally guarantees to the extent set forth in its Guaranty the due and prompt payment and performance of any and all amounts and obligations owed to the Lender under the Loan Agreement or the other Loan Documents.
Execution by Guarantor. Guarantor has joined in the execution of this Amendment for the purpose of (i) agreeing to the terms and conditions of this Amendment, and (ii) confirming Guarantor’s guaranty of payment and performance of all of the Obligations, which in the case of the guaranty by ▇▇▇▇▇▇ ▇. ▇▇▇▇, shall not include any obligations relating to payment of the Minimum Rent Adjustment.