Guarantor Defaults. The occurrence of any of the foregoing with regard to a Guarantor, or the death of a Guarantor; provided, however, if the Loan is otherwise in good standing, then Borrower shall have ninety (90) days to provide a substitute Guarantor who shall provide Lender a credit enhancement equal to or greater than the deceased Guarantor in Lender’s sole discretion, and who shall have executed a Guaranty in form and substance similar to that executed by the deceased Guarantor.
Appears in 4 contracts
Samples: Loan Agreement (Manufactured Housing Properties Inc.), Loan Agreement (Manufactured Housing Properties Inc.), Loan Agreement (Manufactured Housing Properties Inc.)
