Common use of Definition of Guaranteed Obligations Clause in Contracts

Definition of Guaranteed Obligations. As used herein, the term “Guaranteed Obligations” means (i) Guarantor’s Recourse Liabilities (as defined herein), (ii) from and after the occurrence of any Springing Recourse Event (as defined herein), payment in full of the Obligations, and (iii) the Guaranty of Payment (as defined herein).

Appears in 4 contracts

Samples: Guaranty of Recourse (Strategic Storage Trust IV, Inc.), Strategic Storage Trust VI, Inc., Strategic Storage Trust VI, Inc.

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Definition of Guaranteed Obligations. As used herein, the term “Guaranteed Obligations” means any and all obligations arising pursuant to or relating to the Note and any other Loan Document (iincluding this Guaranty) Guarantor’s Recourse Liabilities (as defined herein)including without limitation any and all obligations for principal, (ii) from interest, costs, fees and after expenses and further including without limitation reasonable attorney fees incurred with respect to the occurrence of any Springing Recourse Event (as defined herein)preparation, payment in full negotiation execution, and enforcement of the ObligationsNote, any Loan Document and (iii) the Guaranty of Payment (as defined herein)each and any amendment or waiver with respect thereto.

Appears in 1 contract

Samples: Guaranty (FX Real Estate & Entertainment Inc.)

Definition of Guaranteed Obligations. As used herein, the term “Guaranteed Obligations” means (i) Guarantor’s Recourse Liabilities (as defined herein)the obligations or liabilities of Borrower to Administrative Agent and Lenders for which Administrative Agent, (ii) from on behalf of Lenders, has recourse against Borrower, or with respect to which such Borrower is personally liable to Administrative Agent and after the occurrence of any Springing Recourse Event (as defined herein)Lenders, payment in full pursuant to Article 12 of the Loan Agreement. Notwithstanding the foregoing, the “Guaranteed Obligations, and (iii) the Guaranty of Payment (as defined herein)Guarantor shall not include Excluded Hedge Agreement Obligations of Guarantor.

Appears in 1 contract

Samples: Guaranty of Recourse Obligations (Healthcare Trust, Inc.)

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Definition of Guaranteed Obligations. As used herein, the term “Guaranteed Obligations” means (i) Guarantor’s Recourse Liabilities (as defined herein)the obligations or liabilities of Borrower to Administrative Agent and Lenders for which Administrative Agent, (ii) from on behalf of Lenders, has recourse against Borrower, or with respect to which such Borrower is personally liable to Administrative Agent and after the occurrence of any Springing Recourse Event (as defined herein)Lenders, payment in full pursuant to Article 12.1 of the Loan Agreement. Notwithstanding the foregoing, the “Guaranteed Obligations, and (iii) the Guaranty of Payment (as defined herein)Guarantor shall not include Excluded Hedge Agreement Obligations of Guarantor.

Appears in 1 contract

Samples: Healthcare Trust, Inc.

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