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.
Appears in 3 contracts
Samples: Guaranty Agreement (Griffin Capital Essential Asset REIT, Inc.), Guaranty Agreement (Griffin Land & Nurseries Inc), Guaranty Agreement (Griffin Land & Nurseries Inc)
Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is (i) a condition to Lender’s willingness to make the Loan to Borrower, is (ii) made in order to induce Lender to make the Loan, Loan and is (iii) made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations it Lender may have under the Loan Documents. Guarantor has owns a significant direct and/or indirect ownership interest in Borrower. Accordingly, and, accordingly, Guarantor acknowledges that Guarantor will receive a material direct and and/or indirect benefit from Lender making the Loan to Borrower.
Appears in 3 contracts
Samples: Guaranty Agreement (GTJ REIT, Inc.), Guaranty Agreement (GTJ REIT, Inc.), Guaranty Agreement (GTJ REIT, Inc.)
Purpose and Consideration. The execution and delivery of this ------------------------- Guaranty by Guarantor is a condition to Lender’s 's willingness to make the Loan Loans to Borrower, is made in order to induce Lender to make the LoanLoans, and is made in recognition that Lender will be relying upon this Guaranty in making the Loan Loans 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 Loans to Borrower.
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Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is (i) a condition to Lender’s willingness to make the Loan to Borrower, is (ii) made in order to induce Lender to make the Loan, Loan and is (iii) 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 owns a significant direct and/or indirect ownership interest in Borrower. Accordingly, and, accordingly, Guarantor acknowledges that Guarantor will receive a material direct and and/or indirect benefit from Lender making the Loan to Borrower.
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