Common use of Guarantee Valid Clause in Contracts

Guarantee Valid. This guarantee is a legal, valid and binding obligation of the Guarantor enforceable in accordance with its terms, and if the Guarantor is a corporation, the directors of the 20 Guarantor have passed a resolution which is now in effect and which confirms that the directors of the Guarantor are of the opinion that the giving of this guarantee is in the best interests of the Guarantor.

Guarantee Valid. This guarantee is a legal, valid and binding obligation of the Guarantor enforceable in accordance with its terms, and if . If the Guarantor is a corporation, the directors of the 20 Guarantor have passed a resolution which is now in effect and which confirms that the directors of the Guarantor are of the opinion that the giving of this guarantee is in the best interests of the Guarantor.