Common use of Guarantor Informed of Borrower’s Condition Clause in Contracts

Guarantor Informed of Borrower’s Condition. Guarantor acknowledges that it has had an opportunity to review the Loan Documents, the value of the security under the Loan Documents and the financial condition of Borrower and the ability of Borrower to satisfy its obligations to Lender. Guarantor agrees to keep itself fully informed of all aspects of the financial condition of Borrower and of the performance of Borrower to Lender and agrees that Lender has no duty to disclose to Guarantor any information pertaining to Borrower or any security for the obligations of Borrower under the Loan Documents.

Appears in 5 contracts

Samples: Hospitality Investors Trust, Inc., Hospitality Investors Trust, Inc., Hospitality Investors Trust, Inc.

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