Reliance on Guaranty. Guarantor recognizes that Payee is relying upon this Guaranty and the undertakings of Guarantor hereunder in purchasing the Indebtedness and accepting the Note in connection therewith, and Guarantor further recognizes that the execution and delivery of this Guaranty is a material inducement to Payee in purchasing the Indebtedness and accepting the Note as evidence of Maker’s obligation to pay for same in accordance with the terms of the Note.
Appears in 6 contracts
Samples: Conversion and Loan Modification Agreement (Arkanova Energy Corp.), Guaranty Agreement (Arkanova Energy Corp.), Guaranty Agreement (Arkanova Energy Corp.)
