Common use of Execution and Delivery of Notes Guarantee Clause in Contracts

Execution and Delivery of Notes Guarantee. To evidence its Notes Guarantee set forth in Section 10.01, each Guarantor hereby agrees that this Indenture will be executed on behalf of such Guarantor by one of its Officers. Each Guarantor hereby agrees that its Notes Guarantee set forth in Section 10.01 shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Notes Guarantee. If an Officer whose signature is on this Indenture or on the Notes Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a Notes Guarantee is endorsed, the Notes Guarantee shall be valid nevertheless. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Notes Guarantee set forth in this Indenture on behalf of the Guarantors.

Appears in 1 contract

Sources: Indenture (Quality Care Properties, Inc.)

Execution and Delivery of Notes Guarantee. To evidence its Notes Guarantee set forth in Section 10.017.1, each Guarantor hereby agrees that this Indenture will shall be executed on behalf of such Guarantor by one of its Officersan Officer. Each Guarantor hereby agrees that its Notes Guarantee set forth in Section 10.01 7.1 shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Notes Guarantee. If an Officer whose signature is on this Indenture or on the Notes Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a Notes Guarantee is endorsed, the Notes Guarantee shall be valid nevertheless. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Notes Guarantee set forth in this Indenture on behalf of the Guarantors.

Appears in 1 contract

Sources: Indenture (CareTrust REIT, Inc.)