Common use of Guaranty of Performance Clause in Contracts

Guaranty of Performance. In addition to the guaranty of the Payment Obligations, the Guarantor hereby unconditionally, absolutely and irrevocably guarantees, jointly and severally, (i) the full and prompt performance and observance by each Borrower of each and every other obligation, undertaking, liability, promise, warranty, covenant and agreement of each Borrower in and under the terms of the Loan Documents; and (ii) the truth of each and every representation and warranty made by each Borrower in the Loan Documents or in other certificates or documents delivered in connection with the Loan (the matters described in (i) and (ii) above being collectively referred to herein as the “Performance Obligations”).

Appears in 2 contracts

Sources: Guaranty of Payment and Performance (Adcare Health Systems Inc), Guaranty of Payment and Performance (Adcare Health Systems, Inc)

Guaranty of Performance. In addition to the guaranty of the Payment Obligations, the each Guarantor hereby unconditionally, absolutely and irrevocably guarantees, jointly and severally, (i) the full and prompt performance and observance by each Borrower of the Borrowers of each and every other obligation, undertaking, liability, promise, warranty, covenant and agreement of each Borrower the Borrowers in and under the terms of the Loan Documents; and (ii) the truth of each and every representation and warranty made by each Borrower of the Borrowers in the Loan Documents or in other certificates or documents delivered in connection with the Loan (the matters described in (i) and (ii) above being collectively referred to herein as the “Performance Obligations”).

Appears in 2 contracts

Sources: Guaranty of Payment and Performance (Adcare Health Systems Inc), Guaranty of Payment and Performance (Adcare Health Systems Inc)

Guaranty of Performance. In addition to the guaranty of the Payment Obligations, the Guarantor hereby unconditionally, absolutely and irrevocably guarantees, jointly and severally, (i) the full and prompt performance and observance by each Borrower of the Borrowers of each and every other obligation, undertaking, liability, promise, warranty, covenant and agreement of each Borrower the Borrowers in and under the terms of the Loan Documents; and (ii) the truth of each and every representation and warranty made by each Borrower of the Borrowers in the Loan Documents or in other certificates or documents delivered in connection with the Loan (the matters described in (i) and (ii) above being collectively referred to herein as the “Performance Obligations”).

Appears in 2 contracts

Sources: Guaranty of Payment and Performance (Adcare Health Systems, Inc), Guaranty of Payment and Performance (Adcare Health Systems, Inc)

Guaranty of Performance. In addition to the guaranty of the Payment Obligations, the each Guarantor hereby unconditionally, absolutely and irrevocably guarantees, jointly and severally, (i) the full and prompt performance and observance by each the Borrower of each and every other obligation, undertaking, liability, promise, warranty, covenant and agreement of each the Borrower in and under the terms of the Loan Documents; and (ii) the truth of each and every representation and warranty made by each the Borrower in the Loan Documents or in other certificates or documents delivered in connection with the Loan (the matters described in (i) and (ii) above being collectively referred to herein as the “Performance Obligations”).

Appears in 2 contracts

Sources: Guaranty of Payment and Performance (Adcare Health Systems Inc), Guaranty of Payment and Performance (Adcare Health Systems Inc)

Guaranty of Performance. In addition to the guaranty of the Payment Obligations, the each Guarantor hereby unconditionally, absolutely and irrevocably guarantees, jointly and severally, (i) the full and prompt performance and observance by each Borrower of each and every other obligation, undertaking, liability, promise, warranty, covenant and agreement of each Borrower in and under the terms of the Loan Documents; and (ii) the truth of each and every representation and warranty made by each Borrower in the Loan Documents or in other certificates or documents delivered in connection with the Loan (the matters described in (i) and (ii) above being collectively referred to herein as the “Performance Obligations”).

Appears in 1 contract

Sources: Guaranty of Payment and Performance (Adcare Health Systems Inc)