Common use of Reaffirmation of Guaranty and Environmental Indemnity Clause in Contracts

Reaffirmation of Guaranty and Environmental Indemnity. The Guaranty and the Environmental Indemnity constitute the valid, legally binding obligation of Current Indemnitor, enforceable against Current Indemnitor in accordance with their terms. By Current Indemnitor’s execution hereof, Current Indemnitor waives and releases any and all defenses, affirmative defenses (other than payment or performance in full), setoffs, claims, counterclaims and causes of action of any kind or nature which Current Indemnitor has asserted, or might assert, against any of Lender Parties which in any way relate to or arise out of the Guaranty, the Environmental Indemnity or any of the other Loan Documents.

Appears in 2 contracts

Samples: Consent Agreement (Clipper Realty Inc.), Consent Agreement (Clipper Realty Inc.)

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Reaffirmation of Guaranty and Environmental Indemnity. The Guaranty and the Environmental Indemnity constitute the valid, legally binding obligation of Current Original Indemnitor, enforceable against Current Original Indemnitor in accordance with their respective terms. By Current Original Indemnitor’s execution hereof, Current Original Indemnitor waives and releases any and all defenses, affirmative defenses (other than payment or performance in full)defenses, setoffs, claims, counterclaims and causes of action of any kind or nature which Current Original Indemnitor has asserted, or might assert, against any of Lender Parties which in any way relate to or arise out of the Guaranty, Guaranty and the Environmental Indemnity or any of the other Loan Documents, excluding the release of Original Indemnitor contained herein.

Appears in 1 contract

Samples: Joinder by and Agreement of Original Indemnitor (Bluerock Residential Growth REIT, Inc.)

Reaffirmation of Guaranty and Environmental Indemnity. The Guaranty and the Environmental Indemnity constitute the valid, legally binding obligation obligations of Current Original Indemnitor, enforceable against Current Original Indemnitor in accordance with their respective terms. By Current Indemnitor’s execution hereof, Current Original Indemnitor waives and releases any and all defenses, affirmative defenses (other than payment or performance in full)defenses, setoffs, claims, counterclaims and causes of action of any kind or nature which Current Original Indemnitor has asserted, or might assert, against any of Lender Parties which in any way relate to or arise out of the Guaranty, the Environmental Indemnity or any of the other Loan Documents.

Appears in 1 contract

Samples: Loan Modification and Reinstatement Agreement (Lodging Fund REIT III, Inc.)

Reaffirmation of Guaranty and Environmental Indemnity. The Guaranty and the Environmental Indemnity constitute the valid, legally binding obligation obligations of Current Original Indemnitor, enforceable against Current Original Indemnitor in accordance with their respective terms. By Current Indemnitor’s execution hereof, Current Original Indemnitor waives and releases any and all defenses, affirmative defenses (other than payment or performance in full)defenses, setoffs, claims, counterclaims and causes of action of any kind or nature which Current Original Indemnitor has asserted, or might assert, against any of Lender Parties which in any way relate to or arise out of the Guaranty, the Guaranty and Environmental Indemnity or any of the other Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Lodging Fund REIT III, Inc.)

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Reaffirmation of Guaranty and Environmental Indemnity. The Guaranty and the Environmental Indemnity constitute the valid, legally binding joint and several obligation of Current IndemnitorReleased Guarantor, enforceable against Current Indemnitor Released Guarantor in accordance with their respective terms. By Current IndemnitorReleased Guarantor’s execution hereof, Current Indemnitor Released Guarantor waives and releases any and all defenses, affirmative defenses (other than payment or performance in full)defenses, setoffs, claims, counterclaims and causes of action of any kind or nature which Current Indemnitor Released Guarantor has asserted, or might assert, against any of Lender Parties which in any way relate to or arise out of the Guaranty, the Guaranty and Environmental Indemnity or any of the other Loan Documents.

Appears in 1 contract

Samples: Documents Modification and Spreader Agreement (Kv Pharmaceutical Co /De/)

Reaffirmation of Guaranty and Environmental Indemnity. The Guaranty and the Environmental Indemnity constitute the valid, legally binding obligation of Current Original Indemnitor, enforceable against Current Original Indemnitor in accordance with their respective terms. By Current Original Indemnitor’s execution hereof, Current Original Indemnitor waives and releases any and all defenses, affirmative defenses (other than payment or performance in full)defenses, setoffs, claims, counterclaims and causes of action of any kind or nature which Current Original Indemnitor has asserted, or might assert, against any of Lender Parties which in any way relate to or arise out of the Guaranty, Guaranty and the Environmental Indemnity or any of the other Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Independence Realty Trust, Inc)

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