Common use of Guarantor Acknowledgements Clause in Contracts

Guarantor Acknowledgements. (a) Guarantor hereby waives notice of (i) acceptance of this Agreement, (ii) the existence or incurring from time to time of any Obligations guaranteed hereunder, (iii) nonpayment, the existence of any Event of Default, the making of demand, or the taking of any action by FGI, under the MamaMancini’s Agreement, and (iv) default and demand hereunder. (b) Guarantor acknowledges that Guarantor (i) has examined or had the opportunity to examine the MamaMancini’s Agreement and related agreements and (ii) waives any defense which may exist resulting from Guarantor’s failure to receive or examine at any time the MamaMancini’s Agreement or any amendments, supplements, restatements or replacements therefor. (c) Guarantor acknowledges that it shall not do anything to impede or interfere in any manner with the normal collection and payment of the Purchased Account(s) assigned and sold to FGI. (d) Guarantor acknowledges that in entering into this Agreement, Guarantor is not relying upon any statement, representation, warranty or opinion of any kind from FGI as to the present or future financial condition, performance, assets, liabilities or prospects of Client or as to any other matter.

Appears in 3 contracts

Samples: Guaranty (MamaMancini's Holdings, Inc.), Guaranty (MamaMancini's Holdings, Inc.), Guaranty (MamaMancini's Holdings, Inc.)

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Guarantor Acknowledgements. (a) Guarantor hereby waives notice of (i) acceptance of this AgreementGuaranty, (ii) the existence or incurring from time to time of any Obligations guaranteed hereunder, (iii) nonpayment, the existence of any Event of Default, Termination Event, the making of demand, or the taking of any action by FGI, Lender under the MamaMancini’s AgreementTransaction Documents, and (iv) default and demand hereunder. (b) Guarantor acknowledges that Guarantor (i) has examined or had the opportunity to examine the MamaMancini’s Agreement Transaction Documents and related agreements and (ii) waives any defense which may exist resulting from Guarantor’s failure to receive or examine at any time the MamaMancini’s Agreement Transaction Documents or any amendments, supplements, restatements or replacements therefor. (c) Guarantor acknowledges that it shall not do anything to impede or interfere in any manner with the normal collection and payment of Advances, pursuant to the Purchased Account(s) assigned and sold to FGIObligations under the Transaction Documents. (d) Guarantor acknowledges that in entering into this AgreementGuaranty, Guarantor is not relying upon any statement, representation, warranty or opinion of any kind from FGI Lender as to the present or future financial condition, performance, assets, liabilities or prospects of Client the Company or as to any other matter.

Appears in 1 contract

Samples: Guaranty Agreement (Protea Biosciences Group, Inc.)

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