Common use of Guarantor Representations and Warranties Clause in Contracts

Guarantor Representations and Warranties. The Guarantor confirms, represents and warrants to the Lender that (A) the Guarantor has received true and complete copies of the Loan Agreement and the other Loan Documents from the Borrower, has read the contents thereof and reviewed the same with legal counsel of his choice; (B) no representations or agreements of any kind have been made to the Guarantor which would limit or qualify in any way the terms of this Guarantee; (C) this Guarantee is executed at the Borrower's request and not at the request of the Lender; (D) the Lender has made no representation to the Guarantor as to the creditworthiness of the Borrower; and (E) the Guarantor has established adequate means of obtaining from the Borrower on a continuing basis information regarding the Borrower's financial condition. The Guarantor agrees to keep adequately informed from such means of any facts, events, or circumstances which might in any way affect the Guarantor's risks under this Guarantee, and the Guarantor further agrees that the Lender shall have no obligation to disclose to the Guarantor any information or documents acquired by the Lender in the course of its relationship with the Borrower.

Appears in 2 contracts

Sources: Guarantee (Lojack Corp), Guarantee (Lojack Corp)

Guarantor Representations and Warranties. The Guarantor confirms, ---------------------------------------- represents and warrants to the Lender that (A) the Guarantor has received true and complete copies of the Loan Agreement and the other Loan Documents from the Borrower, has read the contents thereof and reviewed the same with legal counsel of his choice; (B) no representations or agreements of any kind have been made to the Guarantor which would limit or qualify in any way the terms of this Guarantee; (CB) this Guarantee is executed at the Borrower's request and not at the request of the Lender; (DC) the Lender has made no representation to the Guarantor as to the creditworthiness of the Borrower; and (ED) the Guarantor has established adequate means of obtaining from the Borrower on a continuing basis information regarding the Borrower's financial condition. The Guarantor agrees to keep adequately informed from such means of any facts, events, or circumstances which might in any way affect the Guarantor's risks under this Guarantee, and the Guarantor further agrees that the Lender shall have no obligation to disclose to the Guarantor any information or documents acquired by the Lender in the course of its relationship with the Borrower.

Appears in 1 contract

Sources: Guarantee (Lojack Corp)