Examples of Existing Guarantor in a sentence
For clarification purpose, the parties hereby agree that the Existing Guarantor shall cease to have any obligation under the Arrangement Agreement from the Effective Date despite the fact that there may not be any party replacing the Existing Guarantor in respect of the obligations of the Guarantor.
Existing Borrower, Existing Guarantor, and New Borrower, and each of them, acknowledge and confirm that as of December 7, 2011, the total principal amount owing to Lender under the Loan is $12,384,753.35, plus accrued and unpaid interest thereon.
This Agreement fully executed by Existing Borrower, Existing Guarantor, New Borrower and Lender; b.
Existing Borrower, New Borrower, and Existing Guarantor, and each of them, acknowledge that this waiver and release is voluntary and without any duress or undue influence, and is given as part of the consideration for Lender’s accommodation of Existing Borrower’s, New Borrower’s, and Existing Guarantor’s request for Lender’s consent to the Transfer and to New Borrower’s assumption of the Loan.
Existing Borrower, Existing Guarantor, and New Borrower, and each of them, specifically acknowledge and confirm that they do not have any valid offsets or defenses to the obligations, indebtedness and liability under the Loan Documents.