Guarantor Covenants Clause Samples

Guarantor Covenants. (a) Within ninety (90) days after the end of Guarantor’s fiscal years, the entities then comprising Guarantor shall deliver to Landlord a copy of their (consolidated) Financial Statements, prepared in accordance with GAAP, consistently applied, and certified by an officer of Guarantor and reported on by a “Big Four” certified public accounting firm or other certified public accounting firm approved by Landlord, which approval will not be unreasonably withheld. Together with Guarantor's Financial Statements furnished in accordance with the preceding sentence, Guarantor shall deliver (a) an Officer's Certificate of Guarantor stating that Guarantor is not in default in the performance or observance of any of the terms of this Guaranty, or if Guarantor is in default, specifying all such defaults, the nature thereof, and the steps being taken to remedy the same, and (b) a report with respect to the financial statements from Guarantor's accountants, which report shall be unqualified as to going concern and scope of audit of Guarantor and its subsidiaries and shall provide in substance that (i) such consolidated financial statements present fairly the consolidated financial position of Guarantor and its subsidiaries as at the dates indicated and the results of their operations and cash flow for the periods indicated in conformity with GAAP, and (ii) that the examination by Guarantor's accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards. (b) The entities that comprise Guarantor shall collectively maintain, without duplication, a Net Worth (as defined below) as follows: (i) as of March 31, 2015 and June 30, 2015, no less than the greater of (A) One Hundred Million Dollars ($100,000,000) and (B) 75% of the combined Net Worth of Guarantor as of February 2, 2015 (the “Closing Date TNW”). In no event shall the Closing Date TNW be less than One Hundred Million Dollars ($100,000,000); (ii) as of the last day of each fiscal quarter thereafter, commencing September 30, 2015 and ending on the last day of the last fiscal quarter of 2015 but including December 31, 2015, no less than the Net Worth required as of the last day of the prior fiscal quarter plus the TNW Increment (as defined below); and (iii) from and after January 1, 2016, no minimum Net Worth shall be required to be maintained.

Guarantor Covenants. Each Guarantor shall take such action as the Borrower is required by this Agreement to cause such Guarantor to take, and shall refrain from taking such action as the Borrower is required by this Agreement to prohibit such Guarantor from taking.

Guarantor Covenants. Borrower shall cause REIT Guarantor to comply with the following covenants: (a) REIT Guarantor will not make or permit to be made, by voluntary or involuntary means, any transfer or encumbrance of its interest in Borrower, or any dilution of its interest in Borrower, that would result in a Change of Control; and (b) the REIT Guarantor shall not dissolve, liquidate or otherwise wind-up its business, affairs or assets.

Guarantor Covenants. 8 SECTION 7. MISCELLANEOUS ....................................................... 9 7.1 Notices ........................................................... 9 7.2

Guarantor Covenants. From and after the date of issuance of the Notes by the Obligors and continuing so long as any amount remains unpaid thereon each Guarantor agrees to comply with the terms and provisions of Sections 9.1, 9.2, 9.3, 9.4, 9.5 and 9.8 of the Note Purchase Agreement, insofar as such provisions apply to such Guarantor, as if said Sections were set forth herein in full.

Guarantor Covenants. Each Guarantor shall take such action as the Borrower is required by this Agreement to cause such Guarantor to take, and shall refrain from taking such action as the Borrower is required by this Agreement to prohibit such Guarantor from taking. This Credit Agreement is entered into between us for the uses and purposes hereinabove set forth as of the date first above written. Signature Page Whitestone REIT Operating Partnership, L.P. By: Whitestone REIT Its: General Partner By /s/▇▇▇▇ ▇. ▇▇▇ Name ▇▇▇▇ ▇. ▇▇▇ Title Corporate Secretary & Chief Operating Officer Bank of Montreal, as L/C Issuer and as Administrative Agent By /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name ▇▇▇▇▇ ▇▇▇▇▇ Title Vice President Bank of Montreal, as a Lender By /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name ▇▇▇▇▇ ▇▇▇▇▇ Title Vice President Capital One, N.A., as a Lender By /s/▇▇▇▇▇▇ ▇▇▇▇▇▇ Name ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title Vice President MidFirst Bank, as a Lender By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ Name ▇▇▇▇ ▇. ▇▇▇▇▇▇ Title First Vice President U.S. Bank National Association, as a Lender By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Title SVP ▇▇▇▇▇ Fargo Bank, National Association, as a Lender By /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ Name ▇▇▇▇ ▇▇▇▇▇▇▇ Title Vice President Whitestone REIT By /s/▇▇▇▇ ▇. ▇▇▇ Name ▇▇▇▇ ▇. ▇▇▇ Title Corporate Secretary & Chief Operating Officer Whitestone REIT Operating Partnership III LP By: Whitestone REIT Operating Partnership III GP, LLC Its: General Partner By: Whitestone REIT Operating Partnership, L.P. Its: Sole Member By: Whitestone REIT Its: Sole Member By /s/▇▇▇▇ ▇. ▇▇▇ Name ▇▇▇▇ ▇. ▇▇▇ Title Corporate Secretary & Chief Operating Officer Whitestone Terravita Marketplace, LLC, a Delaware limited liability company By: Whitestone REIT Operating Partnership, L.P., a Delaware limited partnership Its: Sole Member By: Whitestone REIT, a Maryland real estate investment trust Its: General Partner By /s/▇▇▇▇ ▇. ▇▇▇ Name ▇▇▇▇ ▇. ▇▇▇ Title Corporate Secretary & Chief Operating Officer Whitestone Ahwatukee Plaza, LLC, a Delaware limited liability company By: Whitestone REIT Operating Partnership, L.P., a Delaware limited partnership Its: Sole Member By: Whitestone REIT, a Maryland real estate investment trust Its: General Partner By /s/▇▇▇▇ ▇. ▇▇▇ Name ▇▇▇▇ ▇. ▇▇▇ Title Corporate Secretary & Chief Operating Officer Whitestone Shops At Starwood, LLC, a Delaware limited liability company By: Whitestone REIT Operating Partnership, L.P., a Delaware limited partnership Its: Sole Member By: Whitestone REIT, a Maryland real estate investment trust Its: Gene...

Guarantor Covenants. 8.1 In consideration of this Lease having been entered into at its request, the Guarantor covenants with the Landlord, as a primary obligation, in the terms set out in Schedule 5. 8.2 The Guarantor irrevocably consents to any process in any legal action or proceedings arising out of or in connection with this Lease being served on it in accordance with the provisions of this Lease relating to the service of notices. Nothing contained in this Lease shall affect the right to serve process in any other manner permitted by law. IT IS HEREBY CERTIFIED that for the purposes of Section 29 of the Companies Act, 1990 the Landlord and / or the Tenant and / or the Guarantor are not connected with one another in a manner which would require this transaction to be ratified by resolution of either. IT IS HEREBY CERTIFIED for the purposes of Section 31 of the Companies Act, 1990 the Landlord and / or the Tenant and / or the Guarantor are not connected with one another in a manner which would require this transaction to be ratified by resolution of the Guarantor. IN WITNESS of which this Lease has been executed as a Deed by the parties to it in the manner following and on the date and year first above written. ALL THAT portion of the Building being that part of the first floor thereof more particularly shown inlined in red on Plan 5 annexed hereto and including: 1. the internal plaster surfaces and finishes of all structural or load bearing walls and columns therein or which enclose the same, but not any other part of such walls or columns; 2. the entirety of all non-structural or non-load bearing walls and columns therein; 3. the inner half severed medially of the internal non load bearing walls (if any) that divide the same from other parts of the Building; 4. the floor finishes thereof and all carpets save that the lower limit of the Premises shall not extend to anything below the floor finishes except that raised floors and the cavity below them shall be included; 5. the ceiling finishes thereof, including all suspended ceilings (if any) and light fittings save that the upper limit of the Premises shall not extend to anything above the ceiling finishes except that the cavity above any suspended ceiling shall be included; 6. All window frames and window furniture and all glass in the windows and all doors, door furniture and door frames; 7. All sanitary and hot and cold water apparatus and equipment and the radiators (if any) therein and all fire fighting equipment and...

Guarantor Covenants. From and after the date hereof and continuing so long as any amount on the Notes remains unpaid (i) each Guarantor (other than the Reporting Entity) agrees to comply with the terms and provisions of Sections 9.1, 9.2, 9.3, 9.4 and 9.5 of the Note Purchase Agreement, insofar as such provisions apply to such Guarantor, as if such provisions referred to such Guarantor, and (ii) the Reporting Entity agrees to comply with the terms and provisions of the Note Purchase Agreement, insofar as such provisions apply to the Reporting Entity.

Guarantor Covenants. In consideration of this Lease having been entered into at its request, the Guarantor covenants and agrees with the Landlord, as a primary obligation, in the terms set out in Schedule 5.