Common use of APPROVAL OF GUARANTORS Clause in Contracts

APPROVAL OF GUARANTORS. 4.5.1 The Development and Completion Guaranty required pursuant to this Agreement shall be from one or more Persons approved by District in District’s sole discretion, which approval shall include District’s determination as to whether such Person has sufficient net worth and liquidity to satisfy its obligations under the Development and Completion Guaranty, taking into account all relevant factors, including, without limitation, such Person’s obligations under other guaranties and the other contingent obligations of such Person. The Development and Completion Guaranty shall be delivered to District no later than Closing.

APPROVAL OF GUARANTORS. 4.5.1 The Development and Completion Guaranty required pursuant to this Agreement shall be from one or more Persons that are not the Developer nor a single purpose entity formed by the Developer or an Affiliate of the Developer and shall be approved by District in District’s sole discretion, which approval shall include District’s determination as to whether such Person has sufficient net worth and liquidity to satisfy its obligations under the Development and Completion Guaranty, taking into account all relevant factors, including, without limitation, such Person’s obligations under other guaranties and the other contingent obligations of such Person. The Development and Completion Guaranty shall be delivered to District no later than Closing.

APPROVAL OF GUARANTORS. 4.5.1 The Development and Completion Guaranty required pursuant to this Agreement shall be from one or more Persons Developer and shall be approved by District in District’s sole discretion, which approval shall include District’s determination as to whether such Person the Developer has sufficient net worth and liquidity to satisfy its obligations under the Development and Completion Guaranty, taking into account all relevant factors, including, without limitation, such PersonDeveloper’s obligations under other guaranties and the other contingent obligations of such Personthe Developer. The Development and Completion Guaranty shall be delivered to District no later than Closing.

APPROVAL OF GUARANTORS. 4.5.1 The Development and Completion Guaranty required pursuant to this Agreement shall be from one or more Persons but not a single purpose entity formed by the Developer or an Affiliate of the Developer and shall be approved by District in District’s sole discretion, which approval shall include District’s determination as to whether such Person has sufficient net worth and liquidity to satisfy its obligations under the Development and Completion Guaranty, taking into account all relevant factors, including, without limitation, such Person’s obligations under other guaranties and the other contingent obligations of such Person. The Development and Completion Guaranty shall be delivered to District no later than Closing.