Common use of Replacement Guarantor Clause in Contracts

Replacement Guarantor. To the extent that any Guarantor is a natural person, the death or incapacity of such Guarantor shall be an Event of Default hereunder unless such Guarantor is replaced in accordance with this Section 6.

Appears in 2 contracts

Sources: Loan Agreement (Silver Star Properties Reit, Inc), Junior Loan Agreement (Silver Star Properties Reit, Inc)