Common use of Guarantor Due Diligence and Benefit Clause in Contracts

Guarantor Due Diligence and Benefit. Each Guarantor represents and warrants to Lender that (a) the Loan and this Guaranty are for commercial purposes, (b) Guarantor has had adequate opportunity to review the Loan Documents, (c) Guarantor is fully aware of Obligations of Borrower thereunder and of the financial condition, assets and prospects of Borrower, and (d) Guarantor is executing and delivering this Guaranty based solely upon Guarantor’s own independent investigation of the matters contemplated by clauses (a) through (c) of this Section and in no part upon any representation, warranty or statement of Lender with respect thereto.

Appears in 3 contracts

Samples: Strategic Storage Trust VI, Inc., Strategic Storage Trust VI, Inc., Strategic Storage Trust VI, Inc.

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Guarantor Due Diligence and Benefit. Each Guarantor represents and warrants to the Lender that (a) the Loan and this Guaranty are for commercial purposes, (b) Guarantor has had adequate opportunity to review the Loan Documents, (c) Guarantor is fully aware of Obligations of Borrower thereunder and of the financial condition, assets and prospects of Borrower, and (d) Guarantor is executing and delivering this Guaranty based solely upon Guarantor’s own independent investigation of the matters contemplated by clauses (a) through (c) of this Section and in no part upon any representation, warranty or statement of the Lender with respect thereto.

Appears in 2 contracts

Samples: Guaranty of Recourse (Strategic Storage Trust IV, Inc.), Guaranty of Payment (Global Self Storage, Inc.)

Guarantor Due Diligence and Benefit. Each Guarantor represents and warrants to Lender that (a) the Loan and this Guaranty are for commercial purposes, (b) Guarantor has had adequate opportunity to review the Loan Documents, (c) Guarantor is fully aware of Obligations of Borrower thereunder and of the financial condition, assets and prospects of Borrower, and (d) Guarantor is executing and delivering this Guaranty based solely upon Guarantor’s own independent investigation of the matters contemplated by clauses (a) through (c) of this Section and in no part upon any representation, warranty or statement of Lender with respect thereto.

Appears in 2 contracts

Samples: Guaranty of Payment (Global Self Storage, Inc.), Guaranty of Payment (Global Self Storage, Inc.)

Guarantor Due Diligence and Benefit. Each Guarantor represents and warrants to Lender Agent that (a) the Loan and this Guaranty are for commercial purposes, (b) Guarantor has had adequate opportunity to review the Loan Documents, (c) Guarantor is fully aware of Obligations obligations of Borrower thereunder and of the financial condition, assets and prospects of Borrower, and (d) Guarantor is executing and delivering this Guaranty based solely upon Guarantor’s own independent investigation of the matters contemplated by clauses (a) through (c) of this Section 4.1 and in no part upon any representation, warranty or statement of Lender Agent with respect thereto.

Appears in 1 contract

Samples: Guaranty of Payment (Grubb & Ellis Healthcare REIT, Inc.)

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Guarantor Due Diligence and Benefit. Each Guarantor represents and warrants to Lender that (a) the Loan Loan, the Master Lease and this Guaranty are for commercial purposes, (b) Guarantor has had adequate opportunity to review the Obligor Loan Documents, (c) Guarantor is fully aware of Obligations obligations of Borrower thereunder and of the financial condition, assets and prospects of Borrower, and (d) Guarantor is executing and delivering this Guaranty based solely upon Guarantor’s own independent investigation of the matters contemplated by clauses (a) through (c) of this Section 4.1 and in no part upon any representation, warranty or statement of Lender with respect thereto.

Appears in 1 contract

Samples: Guaranty Agreement (JetPay Corp)

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