CONSENT AND REAFFIRMATION OF GUARANTOR Sample Clauses
The 'Consent and Reaffirmation of Guarantor' clause serves to confirm that the guarantor acknowledges and agrees to any changes, amendments, or extensions made to the underlying agreement. In practice, this clause requires the guarantor to formally consent to modifications, such as revised payment terms or extended deadlines, and to reaffirm their ongoing obligations under the guarantee despite these changes. Its core function is to ensure that the guarantor's commitment remains valid and enforceable, thereby preventing disputes about the guarantor's liability if the main agreement is altered.
CONSENT AND REAFFIRMATION OF GUARANTOR. The undersigned, as guarantor of the Borrower’s obligations to the Bank under the Agreement, hereby (i) acknowledges and consents to the foregoing Amendment, (ii) reaffirms its obligations under its guaranty in favor of the Bank and under any agreement under which it has granted to the Bank a lien or security interest in any of its real or personal property, and (iii) confirms that such guaranty and other agreements (if any) remain in full force and effect, without defense, offset, or counterclaim. (Capitalized terms used herein shall have the meanings specified in the foregoing Amendment.)
CONSENT AND REAFFIRMATION OF GUARANTOR. Guarantor hereby (a) consents to this Amendment, including the separation of the Separated Properties and release of the Separated Property Operators as provided in Section 4 above, and (b) re-affirms its obligations under the Guaranty and agrees that the same extends to the Lease, as hereby amended.
CONSENT AND REAFFIRMATION OF GUARANTOR. The undersigned (i) acknowledges receipt of the foregoing First Amendment to Credit Agreement (the "First Amendment"), (ii) consents to the execution and delivery of the First Amendment by the parties thereto and (iii) reaffirms all of its obligations and covenants under the Guaranty Agreement dated as of September 2, 1998 executed by it, and agrees that none of such obligations and covenants shall be affected by the execution and delivery of the First Amendment.
CONSENT AND REAFFIRMATION OF GUARANTOR. (a) The Guarantor hereby acknowledges that it has reviewed and understands the terms and provisions of this Amendment, consents to this Amendment and ratifies, reaffirms, confirms and restates its obligations under the Guaranty, as amended and restated in connection with this Amendment.
(b) To induce the Banks and the Agent to enter into this Amendment, the Guarantor represents and warrants that (i) it has the power to enter into and perform this Amendment; (ii) the making and performance of this Amendment by the Guarantor has been duly authorized by all necessary corporate action and will not violate any provision of law or the Guarantor's articles or certificate of incorporation or bylaws, or result in the breach of, or constitute a default under, any agreement or instrument to which the Guarantor is a party or by which it or its properties may be bound or affected, or result in the creation of any lien, charge or encumbrance, approval, authorization, declaration, exemption or other action by, or require notice to any Governmental Authority or any other person or entity in connection with the execution, delivery, performance, validity or enforcement of this Amendment or any other agreement, instrument or document to be executed and delivered pursuant hereto.
CONSENT AND REAFFIRMATION OF GUARANTOR. THIS CONSENT AND REAFFIRMATION OF GUARANTOR (this “Reaffirmation”) is entered into concurrently with and is attached to and hereby made a part of Amendment No. 1 to Master Lease and Security Agreement effective as of September 1, 2018 (the “Lease Amendment”) between Landlord and Tenant (both, as defined therein). BROOKDALE SENIOR LIVING INC., a Delaware corporation (“Guarantor”) executed and delivered that certain Guaranty dated as of April 26, 2018 (the “Guaranty”), pursuant to which Guarantor guarantied for the benefit of Landlord, the obligations of Tenant under the Lease. FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Guarantor hereby acknowledges, reaffirms and agrees:
CONSENT AND REAFFIRMATION OF GUARANTOR. The undersigned Guarantor acknowledges and consents to this First Amendment and confirms that its Guaranty dated November 30, 2011, remains in full force and effect and continues to guaranty the Lease as amended herein.
CONSENT AND REAFFIRMATION OF GUARANTOR. Guarantor hereby (a) consents to the terms and conditions of this Agreement; (b) reaffirms its obligations pursuant to that certain Guaranty of Recourse Obligations dated November 3, 2017, (the “Guaranty”), and confirms and agrees that, notwithstanding this Agreement and consummation of the transactions contemplated thereby, the Guaranty and all of the Guarantor’s covenants, obligations and liabilities under the Guaranty continue in full force and effect with respect to obligations guaranteed, as the same may be modified by this Agreement; and (c) acknowledges and agrees that no consent of the Guarantor shall be required for any future modification of the Loan Documents or the obligations thereunder.
CONSENT AND REAFFIRMATION OF GUARANTOR. By executing this Agreement, Guarantor hereby confirms its obligations under the Guaranty of Recourse Obligations, Environmental Indemnity Agreement and any other Loan Document to which it is a party and consents to the terms and conditions of this Agreement and the transactions contemplated herein. Nothing contained in this Agreement or any of the other Loan Documents or any of the transactions contemplated herein or thereby shall be deemed to waive, release, or limit any obligation of the Guarantor relating to or otherwise connected with the Guaranty of Recourse Obligations, Environmental Indemnity Agreement or any of the other Loan Documents, as modified hereby. Nothing herein is intended to, nor shall it, constitute a novation of the indebtedness secured by the Guaranty of Recourse Obligations. Nothing herein is intended to nor shall it expand the liability of Guarantor under the Guaranty of Recourse Obligations or the Environmental Indemnity.