Common use of Material Inducement; Consideration Clause in Contracts

Material Inducement; Consideration. Guarantor acknowledges and agrees that Lender is specifically relying upon the agreements and waivers contained herein and that such agreements and waivers constitute a material inducement to Lender to accept this Guaranty and to make the Loan. Guarantor further acknowledges that it expects to benefit from Lender's extension of financing accommodations to Borrower, and that it is executing this Guaranty in consideration of that anticipated benefit.

Appears in 2 contracts

Sources: Guaranty (Brookdale Living Communities Inc), Guaranty (Brookdale Living Communities Inc)

Material Inducement; Consideration. Guarantor acknowledges and agrees that Lender is specifically relying upon the representations, warranties, agreements and waivers contained herein and that such representations, warranties, agreements and waivers constitute a material inducement to Lender to accept this Guaranty and to make enter into the LoanLoan Agreement and the transaction contemplated therein. Guarantor further acknowledges that it expects to benefit from Lender's extension of financing accommodations to Borrower because of its relationship to Borrower, and that it is executing this Guaranty in consideration of that anticipated benefit.

Appears in 2 contracts

Sources: Guaranty of Payment (Childrens Broadcasting Corp), Guaranty (Balanced Care Corp)

Material Inducement; Consideration. Guarantor acknowledges and agrees ----------------------------------- that Lender is specifically relying upon the representations, warranties, agreements and waivers contained herein and that such representations, warranties, agreements and waivers constitute a material inducement to Lender to accept this Guaranty and to make enter into the LoanLoan Agreement and the transaction contemplated therein. Guarantor further acknowledges that it expects to benefit from Lender's extension of financing accommodations to Borrower because of its relationship to Borrower, and that it is executing this Guaranty in consideration of that anticipated benefit.

Appears in 1 contract

Sources: Guaranty (Emeritus Corp\wa\)

Material Inducement; Consideration. Guarantor acknowledges and agrees that Lender is specifically relying upon the representations, warranties, agreements and waivers contained herein and that such representations, warranties, agreements and waivers constitute a material inducement to Lender to accept this Guaranty and to make enter into the LoanLoan Agreement and the transaction contemplated therein. Guarantor further acknowledges acknowledged that it expects to benefit from Lender's extension of financing accommodations to Borrower because of its relationship to Borrower, and that it is executing this Guaranty in consideration of that anticipated benefit.

Appears in 1 contract

Sources: Guaranty of Payment (Greenman Technologies Inc)