Common use of Representations and Acknowledgements Clause in Contracts

Representations and Acknowledgements. The Guarantor represents and warrants to each of the Guarantee Beneficiaries that it has determined that its liability and obligation under this Guarantee may reasonably be expected to substantially benefit the Guarantor directly, and the board of directors of the Guarantor (or the equivalent thereof) has determined it is in the Guarantor’s interests to enter into this Agreement. The Guarantor has had full and complete access to the underlying papers relating to the Guaranteed Obligations and all other papers executed by any other Person in connection with the Guaranteed Obligations. The Guarantor is fully informed of all circumstances which bear upon the risks of executing this Guarantee which a diligent inquiry would reveal. The Guarantor has adequate means to obtain from each Obligor, on a continuing basis, information concerning the financial condition of such Obligors, and is not depending on any Guarantee Beneficiary to provide such information, now or in the future. The Guarantor agrees that no Guarantee Beneficiary shall have any obligation to advise or notify the Guarantor or to provide the Guarantor with any data or information. The Guarantor acknowledges receipt of a copy of all Transaction Documents and understands the obligations of each Obligor thereunder.

Representations and Acknowledgements. The Each Guarantor represents and warrants to each of the Guarantee Guaranteed Beneficiaries that it has determined that its liability and obligation under this Guarantee may reasonably be expected to substantially benefit the each Guarantor directly, and the board of directors of the each Guarantor (or the equivalent thereof) has determined it is in the such Guarantor’s interests to enter into this Agreement. The Each Guarantor has had full and complete access to the underlying papers relating to the Guaranteed Obligations and all other papers executed by any other Person in connection with the Guaranteed Obligations. The Each Guarantor is fully informed of all circumstances which bear upon the risks of executing this Guarantee which a diligent inquiry would reveal. The Each Guarantor has adequate means to obtain from each Other Obligor, as the case may be, on a continuing basis, information concerning the financial condition of such ObligorsOther Obligor, and is not depending on any Guarantee Beneficiary to provide such information, now or in the future. The Each Guarantor agrees that no Guarantee Beneficiary shall have any obligation to advise or notify the any Guarantor or to provide the such Guarantor with any data or information. The Each Guarantor acknowledges receipt of a copy of all Transaction Documents and understands the obligations of each Obligor thereunder.