Common use of Purpose and Consideration Clause in Contracts

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, (ii) made in order to induce Lender to make the Loan and (iii) made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations Lender may have under the Loan Documents. Guarantor owns a direct and/or indirect ownership interest in Borrower. Accordingly, Guarantor acknowledges that Guarantor will receive a material direct and/or indirect benefit from Lender making the Loan to Borrower.

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, (ii) is made in order to induce Lender to make the Loan Loan, and (iii) is made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations Lender it may have under the Loan Documents. Guarantor owns has a direct and/or indirect significant ownership interest in Borrower. Accordingly, Guarantor and, accordingly, acknowledges that Guarantor will receive a material direct and/or and indirect benefit from Lender making the Loan to Borrower.

Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is (i) a condition to Lender’s willingness to make the making of the Loan to Borrower, (ii) is made in order to induce Lender to make the Loan Loan, and (iii) is made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations Lender it may have under the Loan Documents. Guarantor owns a direct and/or indirect ownership interest in Borrower. Accordingly, Guarantor acknowledges that Guarantor will receive a material direct and/or indirect benefit from Lender making the Loan to Borrower.

Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is (i) a condition to Lender’s willingness to make the making of the Loan to Borrower, (ii) is made in order to induce Lender to make the Loan Loan, and (iii) is made in recognition that Lender will be relying upon has relied on this Guaranty in making the Loan and performing any other obligations Lender it may have under the Loan Documents. Guarantor owns a direct and/or indirect ownership interest in Borrower. Accordingly, Guarantor acknowledges that Guarantor will receive a material direct and/or indirect benefit from Lender making the Loan to Borrower.

Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is (i) a condition to Lender’s willingness to make the Loan Loans to Borrower, (ii) is made in order to induce Lender to make the Loan Loans, and (iii) is made in recognition that Lender will be relying upon this Guaranty in making the Loan Loans and performing any other obligations Lender it may have under the Loan Documents. Guarantor owns has a direct and/or indirect significant ownership interest in Borrower. Accordingly, Guarantor and, accordingly, acknowledges that Guarantor will receive a material direct and/or and indirect benefit from Lender making the Loan Loans to Borrower.

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, (ii) made in order to induce Lender to make the Loan and (iii) made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations Lender it may have under the Loan Documents. Guarantor owns a direct and/or indirect ownership interest in Borrower. Accordingly, Guarantor acknowledges that Guarantor will receive a material direct and/or indirect benefit from Lender making the Loan to Borrower.

Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is (i) a condition to Lender’s 's willingness to make the Loan to Borrower, (ii) is made in order to induce Lender to make the Loan Loan, and (iii) is made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations Lender it may have under the Loan Documents. Guarantor owns a direct and/or indirect ownership interest in Borrower. Accordinglyis the sole beneficiary of Charterhouse and the sole shareholder of Sonesta, Guarantor and, accordingly, acknowledges that Guarantor will receive a material direct and/or and indirect benefit from Lender making the Loan to Borrower.

Purpose and Consideration. The execution and delivery of this Guaranty by Guarantor is (i) a condition to Lender’s 's willingness to make the Loan to Borrower, (ii) is made in order to induce Lender to make the Loan Loan, and (iii) is made in recognition that Lender will be relying upon this Guaranty in making the Loan and performing any other obligations Lender it may have under the Loan Documents. Guarantor owns has a direct and/or indirect significant ownership interest in Borrower. Accordingly, Guarantor and, accordingly, acknowledges that Guarantor will receive a material direct and/or and indirect benefit from Lender making the Loan to Borrower.

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