Common use of Liability of Guarantor Clause in Contracts

Liability of Guarantor. In consideration of the Lessor entering this Lease at the Guarantor’s request, the Guarantor: (a) unconditionally guarantees to the Lessor the punctual performance by the Lessee of the Lessee’s obligations under this Lease; (b) must keep the Lessor indemnified against all loss or damage incurred by the Lessor as a result of the Lessee breaching this Lease; and (c) must keep the Lessor indemnified against all loss or damage incurred by the Lessor resulting from a trustee in bankruptcy or a liquidator of the Lessee disclaiming this Lease or from this Lease being unenforceable against the Lessee for some other reason.