New Guarantor. New Guarantor represents and warrants to Lender, as of the date of this Assumption Agreement, that: (i) New Guarantor has no knowledge that any of the representations and warranties made by Original Borrower or New Borrower in this Assumption Agreement are untrue, incomplete, or incorrect in any material respect. (ii) New Guarantor has a direct or indirect ownership or other financial interest in New Borrower and will derive a material benefit from the Assumption.
Appears in 4 contracts
Samples: Loan Assumption and Modification Agreement, Loan Assumption and Modification Agreement, Loan Assumption and Modification Agreement
New Guarantor. New Guarantor represents and warrants to Lender, as of the date of this Assumption Agreement, that:
(i) New Guarantor has no knowledge that any of the representations and warranties made by Original Borrower or New Borrower in this Assumption Agreement are untrue, incomplete, or incorrect in any material respect.
(ii) New Guarantor has a direct or indirect ownership or other financial interest in New Borrower and will derive a material benefit from the AssumptionTransfer and the Loan.
Appears in 2 contracts
Samples: Guaranty Assumption and Loan Modification Agreement, Guaranty Assumption and Loan Modification Agreement
