Common use of Sponsor Not Guarantee Clause in Contracts

Sponsor Not Guarantee. Notwithstanding anything else herein to the contrary, the Sponsor shall not i. Guarantee payment for any purchases made by the School; ii. Guarantee payment for any debts incurred by the School; iii. Guarantee payment for any loans taken out by the School. iv. Lend its good faith and credit in order for the School to obtain a loan or other forms of credit. The School shall not suggest or represent to third parties, including, but not limited to, lenders, vendors, creditors, other business entities or their representatives, governmental entities, or other individuals anything to the contrary of the immediately preceding sentences.

Sponsor Not Guarantee. Notwithstanding anything else herein to the contrary, the Sponsor shall not i. (a) Guarantee payment for any purchases made by the School; ii. (b) Guarantee payment for any debts incurred by the School; iii. (c) Guarantee payment for any loans taken out by the School. iv. (d) Lend its good faith and credit in order for the School to obtain a loan or other forms of credit. The School shall not suggest or represent to third parties, including, but not limited to, lenders, vendors, creditors, other business entities or their representatives, governmental entities, or other individuals anything to the contrary of the immediately preceding sentences.