Common use of Purchase Agreement Guaranty Clause in Contracts

Purchase Agreement Guaranty. As additional and separate consideration to Buyer, and to induce Buyer to enter into this Agreement and acquire the Property, Seller shall cause Xxxxxx X. Xxxxxxx, SWF, L.P., a New York limited partnership (“SWF Guarantor”) and Xxxxxxxxx Xxxxxx (individually and collectively, “Guarantor”) to execute and deliver to Buyer, at Closing, a Purchase Agreement Guaranty in the form attached hereto as Exhibit J (“Guaranty”). Seller shall also cause SWF Guarantor to execute the Guaranty Holdback Agreement and deliver the same to Buyer at Closing. Guarantor shall execute this Agreement for the sole purpose of obligating Guarantor to execute and deliver the Guaranty and the Guaranty Holdback Agreement, as applicable, to Buyer at the Closing. Guarantor acknowledges that Buyer is and will be relying on this agreement by Guarantor, the Guaranty and the Guaranty Holdback Agreement in entering into this Agreement and acquiring the Property and that, but for this agreement by Guarantor, the Guaranty and the Guaranty Holdback Agreement, Buyer would not enter into this Agreement or acquire the Property.

Purchase Agreement Guaranty. As additional and separate consideration to Buyer, and to induce Buyer to enter into this Agreement and acquire the Property, Seller shall cause Xxxxxx X. Xxxxxxx, SWF, L.P., a New York limited partnership (“SWF Guarantor”) and Xxxxxxxxx Xxxxxx (individually and collectively, “Guarantor”) to execute and deliver to Buyer, at Closing, a Purchase Agreement Guaranty in the form attached hereto as Exhibit J (“Guaranty”). Seller shall also cause SWF Guarantor to execute the Guaranty Holdback Post-Closing Escrow Agreement and deliver the same to Buyer at Closing. Guarantor shall execute this Agreement for the sole purpose of obligating Guarantor to execute and deliver the Guaranty and the Guaranty Holdback Agreement, as applicable, Post-Closing Escrow Agreement to Buyer at the Closing. Guarantor acknowledges that Buyer is and will be relying on this agreement by Guarantor, the Guaranty and the Guaranty Holdback Post-Closing Escrow Agreement in entering into this Agreement and acquiring the Property and that, but for this agreement by Guarantor, the Guaranty and the Guaranty Holdback Post-Closing Escrow Agreement, Buyer would not enter into this Agreement or acquire the Property.

Purchase Agreement Guaranty. As additional and separate consideration to Buyer, and to induce Buyer to enter into this Agreement and acquire the Property, Seller shall cause Xxxxxx X. Xxxxxxx, Xxxxxxx and SWF, L.P., a New York limited partnership (“SWF Guarantor”) and Xxxxxxxxx Xxxxxx (individually and collectively, “Guarantor”) to execute and deliver to Buyer, at Closing, a Purchase Agreement Guaranty in the form attached hereto as Exhibit J K (“Guaranty”). Seller shall also cause SWF Guarantor to execute the Guaranty Holdback Agreement and deliver the same to Buyer at Closing. Guarantor shall execute this Agreement for the sole purpose of obligating Guarantor to execute and deliver the Guaranty and the Guaranty Holdback Agreement, as applicable, to Buyer at the Closing. Guarantor acknowledges that Buyer is and will be relying on this agreement by Guarantor, the Guaranty and the Guaranty Holdback Agreement in entering into this Agreement and acquiring the Property and that, but for this agreement by Guarantor, the Guaranty and the Guaranty Holdback Agreement, Buyer would not enter into this Agreement or acquire the Property.