Guarantor’s Representations. Guarantor does hereby represent and warrant that: (a) Guarantor is comprised of individuals and the trustees of trusts who have the power to enter into this Guaranty and neither this Guaranty nor the agreements herein contained contravene or constitute a default under any agreement, instrument or indenture to which Guarantor is a party; and (b) The execution of this Guaranty and the assumption by Guarantor of its obligations hereunder will result in a direct financial benefit to Guarantor.
Appears in 2 contracts
Samples: Guaranty Agreement, Guaranty Agreement
Guarantor’s Representations. Guarantor does hereby represent and warrant that:
(a) Guarantor is comprised of individuals and the trustees of trusts who have the a Kansas limited liability company having power to enter into this Guaranty and neither this Guaranty nor the agreements herein contained contravene or constitute a default under any agreement, instrument or indenture to which Guarantor he is a party; and
(b) The execution of this Guaranty and the assumption by Guarantor of its his obligations hereunder will result in a direct financial benefit to Guarantorhim.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
Guarantor’s Representations. Guarantor does hereby represent and warrant that:
(a) Guarantor is comprised of individuals and the trustees of trusts who have the an individual having power to enter into this Guaranty and neither this Guaranty nor the agreements herein contained contravene or constitute a default under any agreement, instrument or indenture to which Guarantor he is a party; and
(b) The execution of this Guaranty and the assumption by Guarantor of its his obligations hereunder will result in a direct financial benefit to Guarantorhim.
Appears in 1 contract
Guarantor’s Representations. Guarantor does hereby represent and warrant that:
(a) Guarantor is comprised of individuals and the trustees of trusts who have the a Kansas limited liability company having power to enter into this Guaranty and neither this Guaranty nor the agreements herein contained contravene or constitute a default under any agreement, instrument or indenture to which Guarantor he is a party; and
(b) The execution of this Guaranty and the assumption by Guarantor of its the obligations hereunder will result in a direct financial benefit to Guarantorhim.
Appears in 1 contract
Samples: Development Agreement
Guarantor’s Representations. Guarantor does hereby represent represents and warrant that:
warrants that (ai) Guarantor is comprised the execution of individuals and the trustees of trusts who have the power to enter into this Guaranty and neither this Guaranty nor will not result in a breach of any of the agreements herein contained contravene terms or provisions of, or constitute a default under under, any agreementindenture, mortgage, deed of trust, note, or other agreement or instrument or indenture to which Guarantor is a party; and
, (bii) The execution of this Guaranty is a valid and legally binding instrument for the assumption by purposes herein expressed, and (iii) this Guaranty is the legal, valid, binding, and enforceable obligation of Guarantor of in accordance with its obligations hereunder will result in a direct financial benefit to Guarantorterms.
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