Common use of No Guaranties Clause in Contracts

No Guaranties. Lessee shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become directly or contingently liable (including, without limitation, liable by way of agreement, contingent or otherwise, to purchase, to provide funds for payment, to supply funds to or otherwise to invest in any debtor or otherwise to assure any creditor against loss) in connection with any Indebtedness of any other Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business and except for a guaranty of the Indebtedness of the Guarantor in connection with a Working Capital Loan which expressly limits recourse under such guaranty to the Receivables.

Appears in 4 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

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No Guaranties. The Lessee shall not assume, guaranteeauarantee, endorse, contingently agree to purchase or otherwise become directly or contingently liable (including, without limitation, liable by way of agreement, contingent or otherwise, . to purchase, to provide funds for payment, to supply funds to or otherwise to invest in any debtor or otherwise othezwise to assure any creditor against loss) in connection with any Indebtedness of any other Person, except by the endorsement ezidorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business and except for a guaranty of the Indebtedness of the Guarantor in connection with a Working Capital Loan which expressly limits recourse under such guaranty to the Receivables.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

No Guaranties. Neither Lessee nor the General Partner, on behalf of Lessee, shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become directly or contingently liable (including, without limitation, liable by way of agreement, contingent or otherwise, to purchase, to provide funds for payment, to supply funds to or otherwise to invest in any debtor or otherwise to assure any creditor against loss) in connection with any Indebtedness of any other Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business and except for a guaranty of the Indebtedness of the Guarantor in connection with a Working Capital Loan which expressly limits recourse under such guaranty to the Receivables.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

No Guaranties. Lessee shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become directly or contingently liable (including, without limitation, liable by way of agreement, contingent or otherwise, to purchase, to provide funds for payment, to supply funds to or otherwise to invest in any debtor or otherwise to assure any creditor against loss) in connection with any Indebtedness of any ofany other Person, except by the endorsement of negotiable ofnegotiable instruments for deposit or collection or similar transactions in the ordinary course of business and except for a guaranty of the Indebtedness of the Guarantor in connection with a Working Capital Loan which expressly limits recourse under such guaranty to the Receivables.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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No Guaranties. Lessee shall not assume, guarantee, endorse, contingently agree to purchase or otherwise become directly or contingently liable (including, without limitation, liable by way of agreement, contingent or otherwise, to purchase, to provide funds for payment, to supply funds to or otherwise to invest in any debtor or otherwise to assure any creditor against loss) in connection with any Indebtedness of any other Person, except by the endorsement of negotiable instruments 68 for deposit or collection or similar transactions in the ordinary course of business and except for a guaranty of the Indebtedness of the Guarantor in connection with a Working Capital Loan which expressly limits recourse under such guaranty to the Receivables.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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