Common use of Representations of the Guarantor Clause in Contracts

Representations of the Guarantor. The Guarantor represents and warrants to Collateral Agent and each of the Lenders that: (a) this Guaranty is executed at the request of the Borrower; (b) the Guarantor has established adequate means of obtaining from any other Borrower Parties on a continuing basis information pertaining to, and is now and on a continuing basis will be completely familiar with, the financial condition, operations, properties and prospects of such other Borrower Parties; (c) the Guarantor has received and approved copies of all of the other Loan Documents; (d) no oral promises, assurances, representations or warranties have been made by or on behalf of Collateral Agent or any Lender to induce the Guarantor to execute and deliver this Guaranty; and (e) the Guarantor has reviewed the provisions of Section 27 of Note A and Section 27 of Note B, and hereby makes, for itself, himself, or herself (as applicable), in the place and stead of Borrower, all representations, warranties, covenants and agreements contained in such provisions of Note A and Note B.

Appears in 1 contract

Sources: Guaranty of Non Recourse and Environmental Indemnity Obligations (Prime Group Realty Trust)

Representations of the Guarantor. The Guarantor represents and warrants to Collateral Agent and each of the Note B Lenders that: (a) this Guaranty is executed at the request of the Borrower; (b) the Guarantor has established adequate means of obtaining from any other Borrower Parties on a continuing basis information pertaining to, and is now and on a continuing basis will be completely familiar with, the financial condition, operations, properties and prospects of such other Borrower Parties; (c) the Guarantor has received and approved copies of all of the other Loan Documents; (d) no oral promises, assurances, representations or warranties have been made by or on behalf of Collateral Agent or any Lender Note B Lenders to induce the Guarantor to execute and deliver this Guaranty; and; (e) the Guarantor has reviewed the provisions of Section 27 of Note A and Section 27 of the Note B, and hereby makes, for itself, himself, or herself (as applicable), in the place and stead of Borrower, all representations, warranties, covenants and agreements contained in such provisions Section 27; and (f) the balance sheet for Guarantor attached as Exhibit A is complete, correct and accurate as of Note A and Note B.the date hereof.

Appears in 1 contract

Sources: Completion Guaranty (Prime Group Realty Trust)