Common use of Validity of Guaranty Clause in Contracts

Validity of Guaranty. (i) The execution, delivery and performance by the Guarantor of this Guaranty (A) has received all necessary governmental approvals, and (B) will not violate any provision of law, any order of any court or agency of government, or any indenture, agreement or any other instrument to which the Guarantor is a party, or be in conflict with, result in a breach of or constitute (with due notice and/or lapse of time) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any of its property or assets. (ii) This Guaranty, when delivered to the Lender, will constitute a legal, valid and binding obligation enforceable against the Guarantor in accordance with its terms.

Validity of Guaranty. (i) The execution, delivery delivery, and performance by the Guarantor of this Guaranty (A) has received all necessary governmental approvalsare within the power of Guarantor, and (B) will not violate any provision of law, any order of any court or agency of government, or any indenture, agreement agreement, or any other instrument to which the Guarantor is a partyparty or by which Guarantor or its property is bound, or be in conflict with, result in a breach of of, or constitute (with due notice and/or and lapse of time) a default under any such indenture, agreement agreement, or other instrument, or result in the creation or imposition of any lien, charge charge, or encumbrance of any nature whatsoever upon on any of its property or assets, except as contemplated by the provisions of the Loan Documents. (ii) This Guaranty, when delivered to the Lender, will constitute a legal, valid valid, and binding obligation enforceable against the Guarantor in accordance with its terms.