Common use of Benefit to Guarantors Clause in Contracts

Benefit to Guarantors. Each Guarantor acknowledges and warrants that such Guarantor has derived or expects to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by Lender to Borrower.

Appears in 2 contracts

Sources: Guaranty Agreement (Horizon Group Properties Inc), Guaranty Agreement (Prime Retail Inc/Bd/)

Benefit to Guarantors. Each Guarantor acknowledges Guarantors acknowledge and warrants warrant that such each Guarantor has derived or expects to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by Lender to Borrower.

Appears in 2 contracts

Sources: Guaranty Agreement (Horizon Group Properties Inc), Guaranty Agreement (Horizon Group Properties Inc)

Benefit to Guarantors. Each Guarantor acknowledges Guarantors acknowledge and warrants warrant that such Guarantor has they derived or expects expect to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by Lender Creditor to BorrowerDebtor in an amount not less than the amount guaranteed hereunder.

Appears in 1 contract

Sources: Guaranty Agreement (General Environmental Management, Inc)

Benefit to Guarantors. Each Guarantor acknowledges Guarantors acknowledge and warrants warrant that such Guarantor has they derived or expects expect to derive financial and other advantage and benefit, directly or indirectly, from the Guaranteed Indebtedness and each and every advance thereof and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by the Lender to Borrowerthe borrower.

Appears in 1 contract

Sources: Guaranty Agreement (Electronic Transmission Corp /De/)