Common use of General Deferral of Reimbursement Clause in Contracts

General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Guarantor waives any right to be reimbursed by Seller for any payment(s) made by Guarantor on account of the Guarantied Obligations, unless and until all Guarantied Obligations have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Guarantor acknowledges that Guarantor has received adequate consideration for execution of this Guaranty by virtue of Buyer’s entering into the Transactions (which benefit Guarantor, as a direct or indirect owner or principal of Seller) and Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 11 contracts

Samples: Guaranty (Claros Mortgage Trust, Inc.), Guaranty (Claros Mortgage Trust, Inc.), Limited Guaranty

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General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Guarantor waives any right to be reimbursed by Seller for any payment(s) made by Guarantor on account of the Guarantied Guaranteed Obligations, unless and until all Guarantied Guaranteed Obligations have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Guarantor acknowledges that Guarantor has received adequate consideration for execution of this Guaranty by virtue of Buyer’s entering into the Transactions (which benefit benefits Guarantor, as a direct or indirect an owner or principal of Seller) and Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 4 contracts

Samples: Guaranty (Seven Hills Realty Trust), Limited Guaranty, Guaranty (Tremont Mortgage Trust)

General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Guarantor waives any right to be reimbursed by Seller for any payment(s) made by Guarantor on account of the Guarantied Obligations, unless and until all Guarantied Obligations have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Guarantor acknowledges that Guarantor has received adequate consideration for execution of this Guaranty by virtue of Buyer’s entering into the Transactions (which benefit benefits Guarantor, as a direct or indirect an owner or principal of Seller) and Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 3 contracts

Samples: Guaranty (RAIT Financial Trust), Guaranty (RAIT Financial Trust), Guaranty (Criimi Mae Inc)

General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Each Guarantor waives any right to be reimbursed by Seller for any payment(s) made by such Guarantor on account of the Guarantied Guaranteed Obligations, unless and until all Guarantied Obligations amounts under the Repurchase Documents have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Each Guarantor acknowledges that Guarantor it has received adequate consideration for execution of this Guaranty by virtue of Buyer’s 's entering into the Transactions Repurchase Transaction (which benefit benefits such Guarantor, as a direct or an indirect beneficial owner or principal of Seller) and such Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 2 contracts

Samples: Omnibus Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.), Omnibus Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.)

General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Guarantor waives any right to be reimbursed by Seller for any payment(s) made by Guarantor on account of the Guarantied Guaranteed Obligations, unless and until all Guarantied Obligations amounts under the Repurchase Documents have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Guarantor acknowledges that Guarantor it has received adequate consideration for execution of this Guaranty by virtue of Buyer’s entering into the Transactions Repurchase Transaction (which benefit benefits Guarantor, as a direct or an indirect beneficial owner or principal of Seller) and Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 2 contracts

Samples: Parent Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.), Parent Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.)

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General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Guarantor waives any right to be reimbursed by Seller for any payment(s) made by Guarantor on account of the Guarantied Obligations, unless and until all Guarantied Obligations have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Guarantor acknowledges that Guarantor has received adequate consideration for execution of this Guaranty by virtue of Buyer’s entering into the Transactions (which benefit Guarantor, as a direct or an indirect owner or principal of Seller) and Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 1 contract

Samples: Guaranty (Resource Capital Corp.)

General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Guarantor waives any right to be reimbursed by Seller for any payment(s) made by Guarantor on account of the Guarantied Obligations, unless and until all Guarantied Obligations have been indefeasibly paid in full and all periods within which such payments may be set aside or invalidated have expired. Guarantor acknowledges that Guarantor has received adequate consideration for execution of this Guaranty by virtue of Buyer’s entering into the Transactions (which benefit Guarantor, as a direct or indirect owner or principal of Seller) and Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 1 contract

Samples: Guaranty (Cim Real Estate Finance Trust, Inc.)

General Deferral of Reimbursement. Except to the extent set forth in Section 14(b) below, Guarantor waives any right to be reimbursed by Seller for any payment(s) made by Guarantor on account of the Guarantied Obligations, unless and until all Guarantied Obligations have been indefeasibly paid in full and all periods within which such payments may be set aside or invalidated have expired. Guarantor acknowledges that Guarantor has received adequate consideration for execution of this Guaranty by virtue of BuyerXxxxx’s entering into the Transactions (which benefit Guarantor, as a direct or indirect owner or principal of Seller) and Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

Appears in 1 contract

Samples: Guaranty (Cim Real Estate Finance Trust, Inc.)

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