Lease Guaranties Clause Samples
A Lease Guaranties clause requires a third party, often called a guarantor, to assume responsibility for the tenant’s obligations under the lease if the tenant fails to fulfill them. In practice, this means that if the tenant defaults on rent payments or breaches other lease terms, the landlord can seek payment or performance from the guarantor. This clause is commonly used when the tenant’s financial stability is uncertain or when additional security is needed. Its core function is to provide the landlord with added assurance and recourse, thereby reducing the risk of financial loss due to tenant default.
Lease Guaranties. All claims and rights under any and all lease guaranties, letters of credit and any other credit support (individually, a “Lease Guaranty,” and collectively, the “Lease Guaranties”) given to Borrower by any guarantor in connection with any of the Leases (individually, a “Lease Guarantor,” and collectively, the “Lease Guarantors”).
Lease Guaranties. All of Borrower's right, title and interest in and claims under any and all lease guaranties, letters of credit and any other credit support (individually, a "LEASE GUARANTY," collectively, the "LEASE GUARANTIES") given by any guarantor in connection with any of the Leases or leasing commissions (individually, a "LEASE GUARANTOR," collectively, the "LEASE GUARANTORS") to Borrower.
Lease Guaranties. Any and all Lease Guaranties;
Lease Guaranties. All of Assignor’s right, title and interest in and claims under any and all lease guaranties, letters of credit and any other credit support (individually, a “Lease Guaranty”, collectively, the “Lease Guaranties”) given by any guarantor in connection with any of the Leases or leasing commissions (individually, a “Lease Guarantor,” collectively, the “Lease Guarantors”) to Assignor.
Lease Guaranties. The Borrower or any of its Subsidiaries shall have made any payment or payments of any kind or nature on account of one or more Lease Guaranties which, in the aggregate, exceed $250,000.
Lease Guaranties. A Lease Guaranty duly executed by Sierra, as to any Lease in which Sierra is not the ------------------ Tenant.
Lease Guaranties. All of the Company’s right, title and interest in and to the Credit Lease Guaranty and any and all other lease guaranties, letters of credit and any other credit support given in connection with the Lease and the Other Leases to the Company or predecessors (individually, a “Lease Guaranty”, and, collectively, the “Lease Guaranties”) by the Credit Lease Guarantor and any other guarantor (individually, a “Lease Guarantor,” and, collectively, the “Lease Guarantors”).
Lease Guaranties. All of the Grantor’s right, title and interest in and to any and all lease guaranties, letters of credit and any other credit support given in connection with the Naming Rights Agreement and the Leases to the Grantor or predecessors (individually, a “Lease Guaranty”, and, collectively, the “Lease Guaranties ") by any guarantor (individually, a “Lease Guarantor, ” and, collectively, the “Lease Guarantors").
Lease Guaranties. True, correct and complete copies of: (i) the Lease Guaranties, each executed by Triad Hospitals, Inc. with respect to Landlord’s obligations under the Master Leases for the Hope Project and the Victoria Project and (ii) the Assignment and Assumption of Leases and Contract executed by Signature Hospital, LLC assuming but not releasing Triad Hospitals, Inc. for the Hope Project (each a “Guaranty” and collectively, the “Guaranties”), together with all amendments thereto, have been delivered to Agent, and, to Borrower’s knowledge, are in full force and effect as of the Effective Date.
Lease Guaranties. Purchaser will cooperate with Seller and use its commercially reasonable efforts to assist Seller in obtaining a full and unconditional release of those Lease Guaranties set forth on Schedule 6.12, from and after the Closing Date, which obligations of Purchaser shall include, providing a replacement guaranty by Purchaser or any of its Affiliates for the benefit of the landlord under the applicable Real Property Lease in form and substance reasonably acceptable to Purchaser which such replacement guaranty shall only apply to matters accruing from and after the Closing Date. If a full and unconditional release of any such Lease Guaranties is not obtained and any such Lease Guaranties remain outstanding following the Closing for any reason (regardless of whether or not Purchaser has complied with its obligations under this Section 6.12), then Purchaser shall indemnify and hold harmless Seller and its Affiliates from and against all Losses suffered or incurred following the Closing in connection with such Lease Guaranties as an Assumed Liability pursuant to Section 9.3(c), provided that Purchaser may assign any such Lease Guaranty obligation to a creditworthy successor in interest subject to the prior written consent of Seller (not to be unreasonably withheld, conditioned or delayed). Furthermore, to the extent that Seller or an Affiliate remains liable under a Real Property Lease following the Closing Date, unless and until Seller or such affiliate receives a full and unconditional release from such liability from the landlord thereunder for matters accruing from and after the Closing Date (which matters, for the avoidance of doubt, constitute Assumed Liabilities hereunder), Purchaser and its affiliates shall not amend, modify, or extend the obligations of tenant under such Real Property Lease in any manner that increases the liability or contingent liability of Seller or its affiliates thereunder or in any way transfer such Real Property Lease to a party other than an Affiliate without securing such release.