Common use of Guaranteed Obligations Not Reduced by Offset Clause in Contracts

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Agent and Lenders hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense (other than any Permitted Guarantor Defense) of Borrower or any other party against Agent and/or Lenders or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise.

Appears in 2 contracts

Samples: Alexanders Inc, Alexanders Inc

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Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Agent and Lenders Lender hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense (other than any Permitted Guarantor Defensethe defense of performance) of Borrower Borrower, or any other party Person, against Agent and/or Lenders Lender or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise.

Appears in 1 contract

Samples: Behringer Harvard Reit I Inc

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations Obligations, and the liabilities and obligations of Guarantor to Administrative Agent and Lenders hereunder hereunder, shall not be reduced, discharged or released because because, or by reason reason, of any existing or future offset, claim or defense (other than any Permitted Guarantor Defense) of Borrower or any other party Person against Administrative Agent and/or Lenders or any Lender or against payment of the any Loan Obligations or Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Loan Obligations or the Guaranteed Obligations (or the transactions creating the any Loan Obligations or Guaranteed Obligations) or otherwiseotherwise (other than, in any such case, the defense of payment of the Guaranteed Obligation in question).

Appears in 1 contract

Samples: Carveout Guaranty (Trinity Place Holdings Inc.)

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Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Agent and Lenders hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense (other than any Permitted Guarantor Defense) of Borrower or any other party against Agent and/or Lenders or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise., except to the extent that such Guaranteed Obligations or other liabilities and obligations have been paid or performed..

Appears in 1 contract

Samples: Sothebys

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