Guaranty of Obligation. (a) Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations (as defined below) as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor. (b) As used herein, the term “Guaranteed Obligations” means (i) Borrower’s Recourse Liabilities and (ii) from and after the date that any Springing Recourse Event occurs, payment of all of the Obligations.
Appears in 2 contracts
Samples: Cross Indemnification Agreement (Landwin Realty Trust, Inc.), Guaranty of Recourse Obligations (Carter Validus Mission Critical REIT, Inc.)
Guaranty of Obligation. (a) Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations (as defined below) as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.
(b) As used herein, the term “Guaranteed Obligations” means (i) Borrower’s Recourse Liabilities and (ii) from and after the date that any Springing Recourse Event occurs, payment of all of the Obligations.
Appears in 2 contracts
Samples: Mezzanine Guaranty of Recourse Obligations (Brookfield DTLA Fund Office Trust Investor Inc.), Guaranty of Recourse Obligations (Brookfield DTLA Fund Office Trust Investor Inc.)
Guaranty of Obligation. (a) Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations (as defined below) as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.
(b) As used herein, the term “Guaranteed Obligations” means (i) Borrower’s Recourse Liabilities and (ii) from and after the date that any Springing Recourse Event occurs, payment and performance of all of the Obligations.
Appears in 1 contract
Samples: Guaranty of Recourse Obligations (City Office REIT, Inc.)
Guaranty of Obligation. (a) Each Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations (as defined below) as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.
(b) As used herein, the term “"Guaranteed Obligations” " means (i) Borrower’s 's Recourse Liabilities and (ii) from and after the date that any Springing Recourse Event occurs, payment of all of the Obligations.
Appears in 1 contract
Samples: Guaranty of Recourse Obligations (Lodging Fund REIT III, Inc.)
Guaranty of Obligation. (a) Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations (as defined below) as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.
(b) As used herein, the term “"Guaranteed Obligations” " means (i) Borrower’s 's Recourse Liabilities and (ii) from and after the date that any Springing Recourse Event occurs, payment and performance of all of the Obligations.
Appears in 1 contract
Samples: Guaranty of Recourse Obligations (Bluerock Residential Growth REIT, Inc.)
