Examples of Guarantor Note in a sentence
Borrower will not amend, supplement, restate or otherwise modify any of the terms of the Guarantor Note without the prior written consent of the Majority Lenders.
Each Borrower agrees that the proceeds of its Loan shall be used by such Borrower solely for: (a) payment of fees and Expenses incurred in connection with this Agreement; (b) with respect to each Mortgagor, refinancing or termination on the Closing Date of first and second lien mortgages securing Indebtedness of such Mortgagor; (c) with respect to AdCare Holdco, funding of the RHP Guarantor Note and (d) general corporate purposes.
The Subordinating Creditor further represents, warrants and agrees that the Company is not, and shall not be obligated to Subordinating Creditor with respect to the Guarantor Note and Subordinating Creditor will not assert, and hereby waives and relinquishes any and all claims that it may now or hereafter have against the Company with respect to the Guarantor Note.
Notwithstanding any provision to the contrary contained herein or in any Guarantor Note, at no time shall the Subsidiary Guarantor be obligated or required to pay interest on the principal balance due hereunder or thereunder at a rate which could be in excess of the maximum interest rate permitted by law to be contracted or agreed to be paid.
Each Borrower acknowledges receipt of its Loan, the proceeds of which are being and shall be used for: (a) payment of fees and Expenses incurred in connection with this Agreement; (b) with respect to each Mortgagor, refinancing or termination on the Closing Date of first and second lien mortgages securing Indebtedness of such Mortgagor; (c) with respect to AdCare Holdco, funding of the RHP Guarantor Note and (d) general corporate purposes.