Common use of Representations and Acknowledgements Clause in Contracts

Representations and Acknowledgements. Each Guarantor represents and warrants to each of the Guaranteed Beneficiaries that it has determined that its liability and obligation under this Guarantee may reasonably be expected to substantially benefit each Guarantor directly, and the board of directors of each Guarantor (or the equivalent thereof) has determined it is in such Guarantor’s interests to enter into this Agreement. Each Guarantor has had full and complete access to the underlying papers relating to the Guaranteed Obligations and all other papers executed by any other Person in connection with the Guaranteed Obligations. Each Guarantor is fully informed of all circumstances which bear upon the risks of executing this Guarantee which a diligent inquiry would reveal. Each Guarantor has adequate means to obtain from each Other Obligor, as the case may be, on a continuing basis, information concerning the financial condition of such Other Obligor, and is not depending on any Guarantee Beneficiary to provide such information, now or in the future. Each Guarantor agrees that no Guarantee Beneficiary shall have any obligation to advise or notify any Guarantor or to provide such Guarantor with any data or information. Each Guarantor acknowledges receipt of a copy of all Transaction Documents and understands the obligations of each Obligor thereunder.

Representations and Acknowledgements. Each The Guarantor represents and warrants to each of the Guaranteed Guarantee Beneficiaries that it has determined that its liability and obligation under this Guarantee may reasonably be expected to substantially benefit each the Guarantor directly, and the board of directors of each the Guarantor (or the equivalent thereof) has determined it is in such the Guarantor’s interests to enter into this Agreement. Each The Guarantor has had full and complete access to the underlying papers relating to the Guaranteed Obligations and all other papers executed by any other Person in connection with the Guaranteed Obligations. Each The Guarantor is fully informed of all circumstances which bear upon the risks of executing this Guarantee which a diligent inquiry would reveal. Each The Guarantor has adequate means to obtain from each Other Obligor, as the case may be, on a continuing basis, information concerning the financial condition of such Other ObligorObligors, and is not depending on any Guarantee Beneficiary to provide such information, now or in the future. Each The Guarantor agrees that no Guarantee Beneficiary shall have any obligation to advise or notify any the Guarantor or to provide such the Guarantor with any data or information. Each The Guarantor acknowledges receipt of a copy of all Transaction Documents and understands the obligations of each Obligor thereunder.