Death or Incompetency of Guarantor. The death or declaration of incompetency of any Guarantor that is a natural person unless within thirty (30) days after the death or declaration of incompetency of such Guarantor, a substitute guarantor acceptable to Lender shall have executed a supplemental Guaranty, Environmental Indemnification Agreement and other documentation in form and substance acceptable to Lender.
Appears in 3 contracts
Sources: Term Loan Agreement (Hines Global Reit Ii, Inc.), Construction Loan Agreement, Term Loan Agreement
Death or Incompetency of Guarantor. The death or declaration of incompetency of any Guarantor that is a natural person unless within thirty (30) days after the death or declaration of incompetency of such Guarantor, a substitute guarantor acceptable to Lender the Lenders shall have executed a supplemental Guaranty, Environmental Indemnification Agreement and other documentation in form and substance acceptable to Lenderthe Required Lenders.
Appears in 2 contracts