Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is a condition to Lender’s willingness to make the Loan to Borrower, is made in order to induce Lender to make the Loan, and is made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations it may have under the Loan Documents. Guarantor has a significant ownership interest in Borrower, and, accordingly, acknowledges that Guarantor will receive material direct and indirect benefit from Lender making the Loan to Borrower.
Purpose and Consideration. The purpose of this Agreement shall be to provide clinical experience to students enrolled in those programs listed in Exhibit A to this Agreement. Consideration for this Agreement shall consist of the mutual promises contained herein, the parties agreeing that monetary compensation shall neither be expected nor received by either party.
Purpose and Consideration. The parties acknowledge that the Community Garden is a public amenity and that FISH will maintain the Community Garden as an aesthetic asset for the citizens of Ellensburg. To the extent feasible, produce grown at the Community Garden will be donated to organizations serving those members of the community in need of food who are unable to satisfy their own needs because of lack of resources such as the FISH Community Food Bank. On the date that this Lease is signed FISH will pay the City one dollar ($1) in rent.
Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is a condition to Landlord's entering into the Lease with Tenant and is made to induce Landlord to enter into the Lease. Tenant is a wholly-owned subsidiary of Guarantor, and Guarantor will realize a direct or indirect financial benefit by virtue of Tenant entering into the Lease.
Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is a condition to Landlord’s assigning the Lease to Tenant and is made to induce Landlord to enter into the Lease. Guarantor is a Canadian corporation and the parent (owner of 100% of Tenant’s stock) of Tenant, a Delaware corporation.
Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is a condition to Seller’s willingness to sell its Membership Interest to Buyer in consideration of the Promissory Note, and Guarantor recognizes that Seller will rely upon this Guaranty. Guarantor has a significant employment and ownership interest in Buyer, and Buyer is becoming the sole Member of the Company, and, accordingly, Guarantor acknowledges that Guarantor will receive material direct and indirect benefits from Buyer’s purchase of Seller’s Membership Interest in the Company and Buyer’s execution of the Promissory Note.
Purpose and Consideration. Owner hereby acknowledges that this Covenant is entered into in consideration for a subsidy grant and acknowledges receipt of such consideration in the form of a grant from VHFA in the amount of Thousand and no/100 ($ ,000.00) Dollars (the “Subsidy”). Owner further acknowledges that receipt of this grant assisted Owner with the purchase of the Property identified below. Owner understands and acknowledges that Owner has been provided this consideration for the purpose of making available to Owner an affordable primary residence. In exchange for the cited consideration, Owner has agreed to the promises contained herein in order to continue to make such residence available on an affordable basis. BY THEIR SIGNATURE THE OWNER ACKNOWLEDGES AND CONFIRMS THAT THEY HAVE HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE LICENSED TO PRACTICE LAW IN VERMONT AND THAT THEY HAVE FULLY READ, UNDERSTAND AND AGREE TO THE TERMS HEREOF AND THAT THEY ARE NOT ACTING UNDER DURESS OR UNDUE INFLUENCE IN EXECUTING THIS AGREEMENT. ***** NOTICE ***** THIS COVENANT CONTAINS RESTRICTIONS ON TRANSFER, ENCUMBRANCE AND THE EQUITY INTEREST ACCRUING IN THE PROPERTY. THESE RESTRICTIONS LIMIT THE AMOUNT OF EQUITY AVAILABLE TO THE OWNER UPON TRANSFER, MORTGAGE OR OTHER SUBSEQUENT TRANSACTIONS.
Purpose and Consideration. The Group agrees to perform services for the Division, not for monetary consideration, but in consideration for the opportunity to participate with the Division.
Purpose and Consideration. 1.1. The purpose of the Evaluation is for Tesseract to determine whether it, in its sole discretion, wishes to negotiate and execute a separate definitive agreement with the Developer for the distribution of the Application in the Store (“Definitive Agreement”). It is understood and agreed by both Parties that no fees shall be payable by one Party to the other Party during the term of this Agreement. All fees or other commercial terms including relating to the placement and distribution of the Application in the Store will commence only upon the execution of the Definitive Agreement, and on the terms and conditions set forth therein. Nothing in this Agreement will be construed as a promise or commitment on the part of either Party to enter into a Definitive Agreement. The Parties agree that mutual covenants and obligations of each Party as set out in this Agreement is sufficient consideration for the purposes of this Agreement.
Purpose and Consideration. Guarantor acknowledges that the execution and delivery of this Guaranty by Guarantor is a condition to PRIORITY entering into the Agreement with Merchant, and is made to induce PRIORITY to enter into the Agreement. Guarantor is a stockholder, partner, member, manager, officer or director of Merchant.
