Examples of Lease Guaranties in a sentence
Borrower has delivered to Lender true, correct and complete copies of all existing Leases, including all existing modifications and amendments, and including all existing Lease Guaranties (collectively, “Existing Leases”).
Basic principles of corporate separateness require that proceeds from the sale of the St. Chris Real Estate would be available first to flow upstream to PAHH and, in turn, to be paid to the JV Entities to satisfy PAHH’s and PHC’s obligations under the Master Lease Guaranties and then, after the CONA Loan has been paid in full, PAHH’s JV Note obligations.
All proceeds from the sale or other disposition of the Leases, the Rents, the Lease Guaranties and/or the Bankruptcy Claims.
To the best knowledge of Borrower, there are no defaults by any Tenants under the Existing Leases nor by any guarantors under the existing Lease Guaranties.
Disclose the existence of any related documents such as: Memorandum of Lease, Guaranty of Lease, Tenant Estoppels’ Certificate, Lease Guaranties or Amendments, etc.If you have any questions regarding this Guidance, please contact Howard Mayfield in the Office of Multifamily Development at (202) 402-2558 or Norm Dailey in the Office of Asset Management at (202) 402-8371./s/David H.