No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and the Lender other than the relationship of guarantor and lender and the Guarantor and the Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender and its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has no obligation to make any advance of any loan provided for in the Financing Agreement or otherwise for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the loans or otherwise under the Obligations or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loan or otherwise or whether the Lender waives any or all of the conditions to advances set forth in the Financing Agreement or any of the other Financing Documents.
Appears in 3 contracts
Samples: Guaranty of Payment Agreement (Trex Co Inc), Limited Guaranty of Payment Agreement (Gp Strategies Corp), Guaranty of Payment Agreement (Gp Strategies Corp)
No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lender Lenders other than the relationship of guarantor and lender lenders and the Guarantor and the Lender Lenders shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender Lenders and its their respective successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has Lenders have no obligation to make any advance of any loan provided for in the Financing Agreement or otherwise Loans for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the loans or otherwise under the Obligations Loans or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loan or otherwise Loans or whether the Lender waives Lenders waive any or all of the conditions to advances set forth in the Financing Agreement or any of the other Financing DocumentsAgreement.
Appears in 3 contracts
Samples: Master Guaranty of Payment Agreement (Sunrise Assisted Living Inc), Master Guaranty of Payment Agreement (Sunrise Assisted Living Inc), Master Guaranty of Payment Agreement (Sunrise Assisted Living Inc)
No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and the Lender other than the relationship of guarantor and lender and the Guarantor and the Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender and its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has no obligation to make any advance of any loan provided for in the Financing Credit Agreement or otherwise for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the loans or otherwise under the Secured Obligations or rights or claims under the Financing Credit Agreement or any of the other Financing Loan Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loan credit facilities under the Credit Agreement or otherwise or whether the Lender waives any or all of the conditions to advances set forth in the Financing Credit Agreement or any of the other Financing Loan Documents.
Appears in 2 contracts
Samples: Guaranty of Payment Agreement (Mam Software Group, Inc.), Guaranty of Payment Agreement (Mam Software Group, Inc.)
No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and the Lender other than the relationship of guarantor and lender and the Guarantor and the Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender and its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has no obligation to make any advance of any loan provided for in the Financing Agreement or otherwise for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the loans or otherwise under the Obligations or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loan Credit Facilities or otherwise or whether the Lender waives any or all of the conditions to advances set forth in the Financing Agreement or any of the other Financing Documents.
Appears in 2 contracts
Samples: Guaranty of Payment Agreement (Liquidity Services Inc), Guaranty of Payment Agreement (Liquidity Services Inc)
No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and the Lender other than the relationship of guarantor and lender Lender and the Guarantor and the Lender shall not be considered partners a partner or co-venturers venturer for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender and its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has no obligation to make any advance of any loan provided for in the Financing Agreement or otherwise Loan for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the loans or otherwise under the Obligations Loan or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loan or otherwise or whether the Lender waives any or all of the conditions to advances set forth in the Financing Agreement or any of the other Financing DocumentsAgreement.
Appears in 1 contract
Samples: Guaranty of Payment Agreement (Sunrise Assisted Living Inc)
No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lender Lenders other than the relationship of guarantor and lender lenders and the Guarantor and the Lender Lenders shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender Lenders and its their respective successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has Lenders have no obligation to make any advance of any loan provided for in the Financing Agreement or otherwise Loans for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the loans or otherwise under the Obligations Loans or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loan or otherwise Loans or whether the Lender waives Lenders waive any or all of the conditions to advances set 21 22 forth in the Financing Agreement or any of the other Financing DocumentsAgreement.
Appears in 1 contract
Samples: Master Guaranty of Payment Agreement (Sunrise Assisted Living Inc)
No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor Guarantors and the Lender other than the relationship of guarantor and lender Lender and the Guarantor Guarantors and the Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender and its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has no obligation to make any advance of any loan provided for in the Financing Agreement or otherwise Loan for the benefit of the GuarantorGuarantors; the Guarantor has Guarantors have no beneficial interest in the proceeds of any of the loans or otherwise under the Obligations Loan or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor Guarantors shall in no manner be affected by the actual use of the proceeds of the Loan or otherwise or whether the Lender waives waive any or all of the conditions to advances set forth in the Financing Agreement or any of the other Financing DocumentsAgreement.
Appears in 1 contract
Samples: Guaranty of Payment Agreement (Sunrise Assisted Living Inc)
No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and the Lender Banks and the Agent other than the relationship of guarantor and lender and the Guarantor Guarantor, the Banks and the Lender Agent shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender Banks and its the Agent and their successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lender has Banks and the Agent have no obligation to make any advance of any loan provided for in the Financing Loan Agreement or otherwise for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the loans or otherwise under the Obligations or rights or claims under the Financing Loan Agreement or any of the other Financing Loan Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the credit facilities under the Loan Agreement or otherwise or whether the Lender waives Banks and the Agent waive any or all of the conditions to advances set forth in the Financing Loan Agreement or any of the other Financing Loan Documents.
Appears in 1 contract
Samples: Guaranty of Payment Agreement (Mason Dixon Bancshares Inc/Md)