{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "prompt-payment", "type": "clause", "offset": [107, 121]}, {"key": "in-the-case", "type": "clause", "offset": [127, 138]}, {"key": "the-obligations", "type": "clause", "offset": [142, 157]}, {"key": "collateral-obligations", "type": "definition", "offset": [188, 210]}, {"key": "payment-of", "type": "definition", "offset": [270, 280]}, {"key": "ultimate-net-loss", "type": "definition", "offset": [285, 302]}, {"key": "due-and-owing", "type": "definition", "offset": [303, 316]}, {"key": "in-accordance-with", "type": "clause", "offset": [342, 360]}, {"key": "provisions-of-the", "type": "clause", "offset": [376, 393]}, {"key": "reinsurance-agreement", "type": "definition", "offset": [394, 415]}, {"key": "subject-always-to", "type": "clause", "offset": [417, 434]}, {"key": "aggregate-limit", "type": "definition", "offset": [439, 454]}, {"key": "transfer-and-assignment-of-assets", "type": "clause", "offset": [469, 502]}, {"key": "the-trust-account", "type": "clause", "offset": [508, 525]}, {"key": "when-required", "type": "clause", "offset": [526, 539]}, {"key": "collateral-triggering-event", "type": "definition", "offset": [576, 603]}, {"key": "reinsurance-credit-event", "type": "definition", "offset": [609, 633]}, {"key": "the-trust-agreement", "type": "clause", "offset": [729, 748]}, {"key": "article-iii", "type": "definition", "offset": [840, 851]}, {"key": "parental-guarantee-agreement", "type": "definition", "offset": [927, 955]}, {"key": "following-the", "type": "definition", "offset": [961, 974]}, {"key": "a-trigger-event", "type": "definition", "offset": [989, 1004]}, {"key": "the-events", "type": "clause", "offset": [1028, 1038]}, {"key": "trigger-events", "type": "clause", "offset": [1083, 1097]}, {"key": "within-thirty", "type": "clause", "offset": [1213, 1226]}, {"key": "days-after", "type": "definition", "offset": [1232, 1242]}, {"key": "date-of", "type": "clause", "offset": [1251, 1258]}, {"key": "notice-to", "type": "clause", "offset": [1350, 1359]}, {"key": "due-and-payable", "type": "definition", "offset": [1549, 1564]}, {"key": "interest-on-any", "type": "clause", "offset": [1665, 1680]}, {"key": "the-interest-rate", "type": "clause", "offset": [1698, 1715]}, {"key": "any-other-person", "type": "definition", "offset": [1970, 1986]}, {"key": "delinquency-proceeding", "type": "definition", "offset": [2186, 2208]}, {"key": "arbitration-award", "type": "definition", "offset": [2238, 2255]}, {"key": "court-order", "type": "definition", "offset": [2257, 2268]}, {"key": "no-appeal", "type": "clause", "offset": [2296, 2305]}, {"key": "in-favor-of", "type": "definition", "offset": [2355, 2366]}, {"key": "agreement-or", "type": "definition", "offset": [2401, 2413]}, {"key": "trust-beneficiaries", "type": "definition", "offset": [2418, 2437]}, {"key": "with-respect-to", "type": "clause", "offset": [2626, 2641]}, {"key": "in-respect-of", "type": "clause", "offset": [2650, 2663]}, {"key": "subject-liabilities", "type": "definition", "offset": [2664, 2683]}, {"key": "in-writing", "type": "clause", "offset": [2711, 2721]}, {"key": "obligation-to-pay", "type": "clause", "offset": [2726, 2743]}, {"key": "guarantee-of-payment", "type": "clause", "offset": [3087, 3107]}, {"key": "liability-to-pay", "type": "clause", "offset": [3520, 3536]}, {"key": "applicable-interest", "type": "clause", "offset": [3680, 3699]}, {"key": "the-collateral", "type": "clause", "offset": [3723, 3737]}, {"key": "the-parental", "type": "clause", "offset": [3751, 3763]}, {"key": "continuing-guaranty", "type": "clause", "offset": [3779, 3798]}, {"key": "obligations-of", "type": "clause", "offset": [3807, 3821]}, {"key": "hereby-waives", "type": "clause", "offset": [3932, 3945]}, {"key": "relating-to", "type": "definition", "offset": [3971, 3982]}, {"key": "lack-of-validity", "type": "clause", "offset": [3992, 4008]}, {"key": "in-time", "type": "clause", "offset": [4143, 4150]}, {"key": "place-of-payment", "type": "definition", "offset": [4154, 4170]}, {"key": "term-of-the", "type": "clause", "offset": [4183, 4194]}, {"key": "waiver-of", "type": "clause", "offset": [4244, 4253]}, {"key": "consent-to", "type": "definition", "offset": [4257, 4267]}, {"key": "termination-of-the", "type": "clause", "offset": [4465, 4483]}, {"key": "corporate-structure", "type": "clause", "offset": [4484, 4503]}, {"key": "a-change-of-control", "type": "definition", "offset": [4528, 4547]}, {"key": "release-or-discharge", "type": "clause", "offset": [4823, 4843]}, {"key": "event-of", "type": "definition", "offset": [4958, 4966]}, {"key": "available-to", "type": "definition", "offset": [5118, 5130]}, {"key": "a-valid-claim", "type": "clause", "offset": [5321, 5334]}, {"key": "satisfied-in-full", "type": "definition", "offset": [5426, 5443]}, {"key": "terms-of-the", "type": "clause", "offset": [5467, 5479]}, {"key": "notice-of-dishonor", "type": "definition", "offset": [5684, 5702]}, {"key": "other-default", "type": "clause", "offset": [5736, 5749]}, {"key": "action-taken", "type": "clause", "offset": [5858, 5870]}, {"key": "to-the-extent", "type": "clause", "offset": [5885, 5898]}, {"key": "payment-in-full-of-the-guaranteed-obligations", "type": "definition", "offset": [6139, 6184]}, {"key": "part-payment", "type": "clause", "offset": [6200, 6212]}, {"key": "in-existence", "type": "definition", "offset": [6585, 6597]}, {"key": "continue-in-effect", "type": "clause", "offset": [6643, 6661]}, {"key": "on-demand", "type": "clause", "offset": [6766, 6775]}, {"key": "all-fees", "type": "clause", "offset": [6776, 6784]}, {"key": "pocket-expenses", "type": "clause", "offset": [6796, 6811]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [6823, 6843]}, {"key": "fees-and-expenses", "type": "clause", "offset": [6845, 6862]}, {"key": "the-successful", "type": "clause", "offset": [6915, 6929]}, {"key": "enforcement-of", "type": "clause", "offset": [6930, 6944]}, {"key": "rights-of-the-beneficiary", "type": "clause", "offset": [6949, 6974]}, {"key": "action-by-the", "type": "clause", "offset": [7186, 7199]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [7223, 7263]}, {"key": "expenses-incurred", "type": "clause", "offset": [7384, 7401]}, {"key": "in-connection-with", "type": "clause", "offset": [7402, 7420]}, {"key": "notice-or-demand", "type": "clause", "offset": [7425, 7441]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [7552, 7578]}, {"key": "subject-to-section", "type": "clause", "offset": [7584, 7602]}, {"key": "obligation-to-perform", "type": "clause", "offset": [7800, 7821]}, {"key": "or-successor-thereof", "type": "clause", "offset": [8220, 8240]}, {"key": "the-foregoing", "type": "definition", "offset": [8466, 8479]}, {"key": "satisfaction-of", "type": "clause", "offset": [8598, 8613]}, {"key": "amounts-due", "type": "clause", "offset": [8623, 8634]}, {"key": "rights-of-subrogation", "type": "clause", "offset": [8773, 8794]}, {"key": "to-the-trust", "type": "clause", "offset": [8825, 8837]}, {"key": "the-future", "type": "clause", "offset": [8904, 8914]}], "snippet": "(a) Berkshire hereby unconditionally and irrevocably guarantees (the \u201cParental Guarantee\u201d) NICO\u2019s full and prompt payment and, in the case of the obligations set forth in (ii) below (the \u201cCollateral Obligations\u201d), performance when due of NICO\u2019s obligations for: (i) the payment of all Ultimate Net Loss due and owing by NICO, pursuant to and in accordance with the applicable provisions of the Reinsurance Agreement, subject always to the Aggregate Limit; and (ii) the transfer and assignment of assets into the Trust Account when required, including upon the occurrence of a Collateral Triggering Event or a Reinsurance Credit Event, pursuant to and in accordance with the applicable provisions of the Reinsurance Agreement and the Trust Agreement (such obligations, collectively, the \u201cGuaranteed Obligations\u201d).\n(b) Except as set forth in Article III, the Beneficiary shall be entitled to proceed against Berkshire under this Parental Guarantee Agreement only following the occurrence of a Trigger Event. If NICO, after any of the events listed under (i), (ii) or (iii) below (the \u201cTrigger Events\u201d) has occurred, has not timely paid (or, in the case of Collateral Obligations, performed) a Guaranteed Obligation within thirty (30) days after the due date of such Guaranteed Obligation, the Beneficiary may proceed directly and at once, upon written notice to NICO and Berkshire, against Berkshire to obtain payment (or, in the case of Collateral Obligations, performance) of the full amount or any portion of the Guaranteed Obligation that is then due and payable and has not been paid (or, in the case of Collateral Obligations, performed) by NICO, together with interest on any such payments at the Interest Rate accrued from the applicable due date until the date of such payment (\u201cInterest\u201d). Following the occurrence of a Trigger Event, the Beneficiary shall be entitled to so proceed directly against Berkshire without first proceeding against or joining NICO or any other Person. The Trigger Events are as follows:\n(i) any dissolution, liquidation, conservation, rehabilitation, bankruptcy, statutory reorganization, receivership, compulsory composition or similar statutory or delinquency proceeding involving NICO;\n(ii) a final arbitration award, court order, decision or judgment with no appeal or stay pending (A) has been issued against NICO in favor of a Reinsured under the Reinsurance Agreement or the Trust Beneficiaries or the Trust Beneficiaries\u2019 Agent under the Trust Agreement and remains unpaid (or, in the case of Collateral Obligations, unperformed) by NICO, or (B) has been issued against a Reinsured with respect to a claim in respect of Subject Liabilities that NICO has acknowledged in writing its obligation to pay and such claim remains unpaid by NICO; or\n(iii) NICO has acknowledged in writing its obligation to pay (or, in the case of Collateral Obligations, perform) a Guaranteed Obligation and such Guaranteed Obligation remains due and unpaid (or, in the case of Collateral Obligations, unperformed) by NICO.\n(c) This Parental Guarantee Agreement is a guarantee of payment (or, in the case of Collateral Obligations, performance) and not of collection merely, and upon the occurrence of a Trigger Event and any failure of NICO to pay (or, in the case of Collateral Obligations, perform) a Guaranteed Obligation as set forth above the Beneficiary, may, at its option, proceed directly and at once, with written notice, against Berkshire to collect and recover the full amount of NICO\u2019s liability to pay (or, in the case of Collateral Obligations, perform) such Guaranteed Obligation (or any portion thereof) then due and owing, together with any applicable Interest, and otherwise enforce the Collateral Obligations. The Parental Guarantee is a continuing guaranty and the obligations of Berkshire hereunder are and shall be absolute under any and all circumstances, irrespective of, and Berkshire hereby waives, any defense it may have relating to: (i) any lack of validity, regularity or enforceability of this Parental Guarantee Agreement, the Reinsurance Agreement or the Trust Agreement, (ii) any change in time or place of payment of or other term of the Guaranteed Obligation, or any other amendment or waiver of or consent to departure from this Parental Guarantee Agreement, the Reinsurance Agreement, or the Trust Agreement, (iii) except with respect to whether a Trigger Event has occurred, any change, restructuring or termination of the corporate structure or existence, including a Change of Control, of NICO or Berkshire, or any dissolution, liquidation, conservation, rehabilitation, bankruptcy, statutory reorganization, receivership, compulsory composition, or similar statutory or delinquency proceeding affecting NICO or Berkshire or any of its assets or any resulting release or discharge of any obligation of NICO under the Reinsurance Agreement or the Trust Agreement or (iv) in the case of a Trigger Event of the type described in Section 2.1(b)(ii) or Section 2.1(b)(iii), any defense, set-off or other circumstance which might otherwise constitute a defense available to Berkshire or, except as to set-offs, to NICO. Notwithstanding anything contained herein to the contrary, nothing in this Parental Guarantee Agreement shall preclude Berkshire from asserting a valid claim or valid defense to the effect that the Guaranteed Obligation has been paid, discharged or satisfied in full in accordance with the terms of the Reinsurance Agreement or the Trust Agreement, as applicable. Except as otherwise expressly set forth in this Parental Guarantee Agreement, Berkshire hereby expressly waives promptness, diligence, demand, notice of dishonor, non-payment, non-performance or other default with respect to the Guaranteed Obligations, or any requirements that any right or power be exhausted or any action taken against NICO. To the extent that Berkshire shall have made any payments under this Parental Guarantee Agreement, any rights to subrogation which Berkshire may have as a result of any such payment shall be deferred, postponed and subordinated to the prior indefeasible payment in full of the Guaranteed Obligations. If all or any part payment applied to the Guaranteed Obligation is or must be recovered, rescinded or returned to NICO, Berkshire or any other Person because of a dissolution, liquidation, conservation, rehabilitation, bankruptcy, statutory reorganization, receivership, compulsory composition, or similar proceeding affecting any Party, such Guaranteed Obligation shall be deemed to have continued in existence, and this Parental Guarantee Agreement shall continue in effect as to such Guaranteed Obligation, all as though such payment had not been made.\n(d) Berkshire shall pay on demand all fees and out-of-pocket expenses (including reasonable attorneys\u2019 fees and expenses) incurred by the Beneficiary in any way relating to the successful enforcement of the rights of the Beneficiary hereunder. The Beneficiary shall pay on demand all fees and out-of-pocket expenses (including reasonable attorneys\u2019 fees and expenses) incurred by Berkshire in any way relating to its defense of an unsuccessful action by the Beneficiary hereunder. Notwithstanding anything to the contrary in this Section 2.1(d), the Beneficiary shall not be entitled to be reimbursed hereunder for the costs or out-of-pocket expenses incurred in connection with any notice or demand required under Section 2.1(b) to the extent that such demand is not disputed or objected to by Berkshire.\n(e) For the avoidance of doubt, but subject to Section 2.1(d), the payment (or, in the case of Collateral Obligations, performance) of a Guaranteed Obligation by Berkshire pursuant to this Parental Guarantee Agreement shall be deemed to satisfy NICO\u2019s obligation to perform or pay such Guaranteed Obligation for any purpose, including under the Reinsurance Agreement, or the Trust Agreement, as applicable. The Beneficiary shall not be entitled to obtain payment (or, in the case of Collateral Obligations, performance) of a Guaranteed Obligation from NICO under the Reinsurance Agreement or the Trust Agreement or withdraw funds from the Trust Account or any replacement or successor thereof or substitution therefor to satisfy a Guaranteed Obligation to the extent that such Guaranteed Obligation has theretofore been paid or performed in full by Berkshire under this Parental Guarantee Agreement. In furtherance of the foregoing, the Beneficiary hereby agrees that any amounts paid by Berkshire under this Parental Guarantee Agreement shall be in satisfaction of any such amounts due and payable (but unpaid) by NICO under the Reinsurance Agreement, or the Trust Agreement, as applicable.\n(f) Berkshire waives any and all rights of subrogation to NICO\u2019s rights with respect to the Trust Account and any claims it may have with respect thereto now or in the future and whether by reason of any payment made by it of a Guaranteed Obligation or otherwise.", "samples": [{"hash": "kdMRTYQ0eQe", "uri": "/contracts/kdMRTYQ0eQe#parental-guarantee", "label": "Aggregate Excess of Loss Reinsurance Agreement (American International Group Inc)", "score": 28.1211490631, "published": true}, {"hash": "i0XBflcjLjZ", "uri": "/contracts/i0XBflcjLjZ#parental-guarantee", "label": "Parental Guarantee Agreement (American International Group Inc)", "score": 27.1211490631, "published": true}], "size": 5, "hash": "f2b7a46f370eddddb46fbf41aeb55a09", "id": 2}, {"snippet_links": [{"key": "page-1", "type": "definition", "offset": [22, 28]}, {"key": "legally-binding", "type": "definition", "offset": [67, 82]}, {"key": "to-landlord", "type": "definition", "offset": [136, 147]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [162, 190]}, {"key": "the-guarantee", "type": "clause", "offset": [192, 205]}, {"key": "of-tenant", "type": "clause", "offset": [266, 275]}, {"key": "at-any-time", "type": "clause", "offset": [327, 338]}, {"key": "if-tenant", "type": "clause", "offset": [350, 359]}, {"key": "provide-the", "type": "clause", "offset": [369, 380]}, {"key": "tenant-will", "type": "clause", "offset": [404, 415]}, {"key": "lease-file", "type": "definition", "offset": [461, 471]}, {"key": "guarantee-form", "type": "clause", "offset": [530, 544]}, {"key": "payments-for", "type": "clause", "offset": [583, 595]}, {"key": "the-term", "type": "clause", "offset": [596, 604]}, {"key": "the-landlord", "type": "clause", "offset": [612, 624]}, {"key": "the-option", "type": "clause", "offset": [690, 700]}, {"key": "the-tenant", "type": "clause", "offset": [704, 714]}], "snippet": "Each TENANT listed on Page 1 of this LEASE must provide LANDLORD a legally binding parental or sponsor\u2019s GUARANTEE in a form acceptable to LANDLORD in LANDLORD\u2019s sole and absolute discretion. The GUARANTEE for each TENANT must be delivered to LANDLORD within 7 days of TENANT signing this LEASE. LANDLORD may cancel this LEASE at any time thereafter if TENANT does not provide the GUARANTEE to LANDLORD. TENANT will not be allowed to move-In without a complete LEASE file including the GUARANTEE. If TENANT does not have a signed GUARANTEE form, TENANT is still liable for all LEASE payments for the TERM. It is the LANDLORD\u2019S option as to whether to accept the GUARANTEE or not. It is not the option of the TENANT as to whether or not to have the GUARANTEE completed and returned to LANDLORD.", "samples": [{"hash": "JaMAlqEACc", "uri": "/contracts/JaMAlqEACc#parental-guarantee", "label": "Residential Lease Agreement", "score": 29.7304801941, "published": true}, {"hash": "lYg33Zy4xg5", "uri": "/contracts/lYg33Zy4xg5#parental-guarantee", "label": "Residential Lease Agreement", "score": 23.867898941, "published": true}, {"hash": "bzq69pWYnzw", "uri": "/contracts/bzq69pWYnzw#parental-guarantee", "label": "Residential Lease Agreement", "score": 23.5995883942, "published": true}], "size": 13, "hash": "c4d51cb699d202b48f25ae5b52022f6d", "id": 1}, {"snippet_links": [{"key": "page-1", "type": "definition", "offset": [22, 28]}, {"key": "legally-binding", "type": "definition", "offset": [67, 82]}, {"key": "to-landlord", "type": "definition", "offset": [136, 147]}, {"key": "of-tenant", "type": "clause", "offset": [220, 229]}, {"key": "the-landlord", "type": "clause", "offset": [369, 381]}, {"key": "the-guarantee", "type": "clause", "offset": [387, 400]}], "snippet": "Each TENANT listed on Page 1 of this LEASE must provide LANDLORD a legally binding parental or sponsor\u2019s GUARANTEE in a form acceptable to LANDLORD. GUARANTEE for each TENANT must be delivered to LANDLORD within 10 days of TENANT signing this LEASE. LANDLORD may cancel this LEASE at anytime thereafter as it relates solely to the specific TENANT that has not provided the LANDLORD with the GUARANTEE.", "samples": [{"hash": "k2jwpxPUUvW", "uri": "/contracts/k2jwpxPUUvW#parental-guarantee", "label": "Residential Lease Agreement", "score": 21.3572902679, "published": true}], "size": 1, "hash": "8d4efc275538e134703d67ba63a83f3d", "id": 8}, {"snippet_links": [{"key": "date-of-this-agreement", "type": "definition", "offset": [14, 36]}, {"key": "the-guarantor", "type": "clause", "offset": [38, 51]}, {"key": "to-purchaser", "type": "definition", "offset": [77, 89]}, {"key": "of-the-purchaser", "type": "clause", "offset": [106, 122]}, {"key": "to-the-seller", "type": "definition", "offset": [136, 149]}, {"key": "at-closing", "type": "clause", "offset": [188, 198]}, {"key": "will-provide", "type": "clause", "offset": [211, 223]}, {"key": "obligations-of-the-seller", "type": "clause", "offset": [377, 402]}], "snippet": "(a) As of the date of this Agreement, the Guarantor has provided a guarantee to Purchaser for the benefit of the Purchaser with respect to the Seller\u2019s obligations under Section 6.14.\n(b) At Closing, the Seller will provide, or cause to be provided, a guarantee from the Guarantor to Purchaser for the benefit of the Purchaser in form attached as Exhibit 6.10 guaranteeing the obligations of the Seller under this Agreement.", "samples": [{"hash": "dhjbUuSwcWL", "uri": "/contracts/dhjbUuSwcWL#parental-guarantee", "label": "Share Purchase Agreement (Williams Partners L.P.)", "score": 27.6119098663, "published": true}, {"hash": "97G7wfXgauJ", "uri": "/contracts/97G7wfXgauJ#parental-guarantee", "label": "Share Purchase Agreement (Williams Partners L.P.)", "score": 27.6119098663, "published": true}], "size": 2, "hash": "02bead84fc695529b62648d2db88e1b5", "id": 5}, {"snippet_links": [{"key": "prompt-payment", "type": "clause", "offset": [112, 126]}, {"key": "in-the-case", "type": "clause", "offset": [132, 143]}, {"key": "the-obligations", "type": "clause", "offset": [147, 162]}, {"key": "collateral-obligations", "type": "definition", "offset": [200, 222]}, {"key": "payment-of", "type": "definition", "offset": [282, 292]}, {"key": "reinsured-liabilities", "type": "clause", "offset": [297, 318]}, {"key": "due-and-owing", "type": "definition", "offset": [319, 332]}, {"key": "in-accordance-with", "type": "clause", "offset": [358, 376]}, {"key": "provisions-of-the", "type": "clause", "offset": [392, 409]}, {"key": "reinsurance-agreement", "type": "definition", "offset": [410, 431]}, {"key": "ultimate-net-loss", "type": "definition", "offset": [492, 509]}, {"key": "aggregate-limit", "type": "definition", "offset": [518, 533]}, {"key": "transfer-and-assignment-of-assets", "type": "clause", "offset": [543, 576]}, {"key": "the-trust-account", "type": "clause", "offset": [582, 599]}, {"key": "when-required", "type": "clause", "offset": [600, 613]}, {"key": "collateral-triggering-event", "type": "definition", "offset": [650, 677]}, {"key": "reinsurance-credit-event", "type": "definition", "offset": [683, 707]}, {"key": "the-trust-agreement", "type": "clause", "offset": [803, 822]}, {"key": "maintenance-of", "type": "clause", "offset": [862, 876]}, {"key": "additional-trust-accounts", "type": "clause", "offset": [877, 902]}, {"key": "other-collateral", "type": "definition", "offset": [910, 926]}, {"key": "guaranteed-obligations", "type": "clause", "offset": [1149, 1171]}], "snippet": "(a) Berkshire hereby unconditionally and irrevocably guarantees (the \u201cParental Guarantee\u201d): (i) NICO\u2019s full and prompt payment and, in the case of the obligations set forth in (B) and (C) below (the \u201cCollateral Obligations\u201d), performance when due of NICO\u2019s obligations for: (A) the payment of all Reinsured Liabilities due and owing by NICO, pursuant to and in accordance with the applicable provisions of the Reinsurance Agreement, subject, in the case of Reinsured Liabilities arising from Ultimate Net Loss, to the Aggregate Limit; (B) the transfer and assignment of assets into the Trust Account when required, including upon the occurrence of a Collateral Triggering Event or a Reinsurance Credit Event, pursuant to and in accordance with the applicable provisions of the Reinsurance Agreement and the Trust Agreement; or (C) the establishment, funding and maintenance of additional trust accounts and/or other collateral when required upon the occurrence of a Reinsurance Credit Event, pursuant to and in accordance with the applicable provisions of the Reinsurance Agreement and the Trust Agreement (such obligations, collectively, the \u201cNICO Guaranteed Obligations\u201d); and", "samples": [{"hash": "8nmkQofUnuW", "uri": "/contracts/8nmkQofUnuW#parental-guarantee", "label": "Aggregate Excess of Loss Reinsurance Agreement (Hartford Financial Services Group Inc/De)", "score": 28.1485290527, "published": true}], "size": 1, "hash": "bc2d44b76b30eafb823f1484c1f660ce", "id": 9}, {"snippet_links": [{"key": "tenant-agrees", "type": "clause", "offset": [0, 13]}, {"key": "to-ensure", "type": "clause", "offset": [59, 68]}, {"key": "enforcement-of", "type": "clause", "offset": [73, 87]}, {"key": "the-guarantee", "type": "clause", "offset": [100, 113]}, {"key": "signing-of", "type": "clause", "offset": [164, 174]}, {"key": "received-by", "type": "definition", "offset": [210, 221]}, {"key": "the-owners", "type": "definition", "offset": [222, 232]}, {"key": "the-option", "type": "clause", "offset": [273, 283]}, {"key": "the-lease-agreement", "type": "definition", "offset": [300, 319]}], "snippet": "Tenant agrees that his/her parent(s) will sign a Guarantee to ensure the enforcement of this lease. The Guarantee must be signed and returned within 10 days of the signing of the lease. If the Guarantee is not received by the Owners within 10 days, the Owners may exercise the option of invalidating the lease agreement.", "samples": [{"hash": "hTWE369yWiI", "uri": "/contracts/hTWE369yWiI#parental-guarantee", "label": "Lease Agreement", "score": 29.4211578369, "published": true}], "size": 2, "hash": "b386f3878cef5a41ad3644ca11bb1ef6", "id": 6}, {"snippet_links": [{"key": "obligations-of-contractor", "type": "clause", "offset": [4, 29]}, {"key": "this-agreement", "type": "clause", "offset": [36, 50]}, {"key": "form-of", "type": "definition", "offset": [90, 97]}, {"key": "executed-and-delivered", "type": "clause", "offset": [130, 152]}, {"key": "by-the-guarantor", "type": "clause", "offset": [153, 169]}, {"key": "from-the-effective-date", "type": "clause", "offset": [236, 259]}, {"key": "completion-of", "type": "definition", "offset": [272, 285]}, {"key": "request-of-owner", "type": "clause", "offset": [346, 362]}, {"key": "to-owner", "type": "definition", "offset": [391, 399]}, {"key": "following-the", "type": "definition", "offset": [420, 433]}, {"key": "fiscal-year", "type": "definition", "offset": [446, 457]}, {"key": "a-copy-of", "type": "clause", "offset": [459, 468]}, {"key": "annual-report", "type": "definition", "offset": [481, 494]}, {"key": "parent-company", "type": "definition", "offset": [558, 572]}, {"key": "consolidated-financial-statements", "type": "clause", "offset": [594, 627]}, {"key": "days-after", "type": "definition", "offset": [669, 679]}, {"key": "fiscal-quarters", "type": "definition", "offset": [715, 730]}, {"key": "in-all-cases", "type": "clause", "offset": [950, 962]}, {"key": "be-prepared", "type": "clause", "offset": [985, 996]}, {"key": "in-accordance-with", "type": "clause", "offset": [997, 1015]}, {"key": "generally-accepted-accounting-principles", "type": "clause", "offset": [1016, 1056]}, {"key": "to-the-extent", "type": "clause", "offset": [1058, 1071]}, {"key": "quarterly-reports", "type": "definition", "offset": [1077, 1094]}, {"key": "not-available", "type": "clause", "offset": [1099, 1112]}, {"key": "reasonable-request", "type": "definition", "offset": [1123, 1141]}, {"key": "credit-event", "type": "clause", "offset": [1168, 1180]}, {"key": "financial-information", "type": "definition", "offset": [1246, 1267]}], "snippet": "The obligations of Contractor under this Agreement shall be secured by a Guarantee in the form of Exhibit J-1 attached hereto and executed and delivered by the Guarantor. Contractor hereby represents and warrants that Guarantor is ***. From the Effective Date until Final Completion of each \u2587\u2587\u2587\u2587 \u2587 \u2587\u2587\u2587 \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall, upon request of Owner, cause Guarantor to deliver to Owner (a) within *** Days following the end of each fiscal year, a copy of Guarantor\u2019s annual report (or, if there is no such report, a copy of such report for its parent company) containing audited, consolidated financial statements for such fiscal year, and (b) within *** Days after the end of each of its first three fiscal quarters of each fiscal year, a copy of Guarantor\u2019s quarterly report (or, if there is no such report, a copy of such report for its parent company) containing unaudited consolidated financial statements for such fiscal quarter. In all cases, the statements shall be prepared in accordance with generally accepted accounting principles. To the extent such quarterly reports are not available, upon the reasonable request of Owner in response to a credit event in the marketplace, Guarantor shall provide unaudited management financial information for such fiscal quarter.", "samples": [{"hash": "dwowd7Vmwbx", "uri": "/contracts/dwowd7Vmwbx#parental-guarantee", "label": "Engineering, Procurement and Construction Agreement (Duke Energy CORP)", "score": 21.0, "published": true}, {"hash": "b9rCncupX5", "uri": "/contracts/b9rCncupX5#parental-guarantee", "label": "Engineering, Procurement and Construction Agreement (Duke Energy Carolinas, LLC)", "score": 21.0, "published": true}], "size": 2, "hash": "f6147dab1a67cedff530df1e2277c289", "id": 3}, {"snippet_links": [{"key": "signed-copy", "type": "clause", "offset": [36, 47]}, {"key": "the-parental", "type": "clause", "offset": [51, 63]}, {"key": "guarantee-form", "type": "clause", "offset": [64, 78]}, {"key": "the-lease", "type": "clause", "offset": [142, 151]}, {"key": "subject-to", "type": "definition", "offset": [155, 165]}, {"key": "authority-to", "type": "definition", "offset": [225, 237]}, {"key": "lease-agreement", "type": "clause", "offset": [308, 323]}, {"key": "all-issues", "type": "definition", "offset": [336, 346]}], "snippet": "Each Tenant is required to obtain a signed copy of the parental guarantee form. If no parent/guardian is able to sign the parental guarantee, the lease is subject to voidance. \u2587\u2587\u2587\u2587\u2587\u2587 gives \u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587 Enterprises/Landlord authority to communicate with parent or guarantor concerning rent owned under this lease agreement and any and all issues regarding my tenancy.", "samples": [{"hash": "dEWDSGDyNff", "uri": "/contracts/dEWDSGDyNff#parental-guarantee", "label": "Lease Agreement", "score": 25.3668727875, "published": true}], "size": 2, "hash": "219794cd41c70b5444c3909c0ffd79aa", "id": 7}, {"snippet_links": [{"key": "new-york", "type": "definition", "offset": [53, 61]}, {"key": "performance-by", "type": "definition", "offset": [134, 148]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [194, 217]}, {"key": "to-this-agreement", "type": "clause", "offset": [250, 267]}, {"key": "governmental-entity", "type": "definition", "offset": [319, 338]}], "snippet": "By its signature below, Cyta\u2587\u2587\u2587\u2587.\u2587\u2587\u2587 \u2587\u2587\u2587orporated, a New York corporation, unconditionally and irrevocably guarantees full and prompt performance by CollegeLink of (i) its obligations under the terms of this Agreement and (ii) any obligation related to this Agreement that may be imposed upon CollegeLink by a court or governmental entity.", "samples": [{"hash": "bZeoKgQM2Y8", "uri": "/contracts/bZeoKgQM2Y8#parental-guarantee", "label": "Marketing Services and Administrative Agreement (Cytation Com Inc)", "score": 18.0, "published": true}], "size": 1, "hash": "92becb8810c41cab8db06b039b441283", "id": 10}, {"snippet_links": [{"key": "each-party", "type": "clause", "offset": [0, 10]}, {"key": "provide-a", "type": "definition", "offset": [17, 26]}, {"key": "the-execution", "type": "clause", "offset": [66, 79]}, {"key": "implementation-agreement", "type": "clause", "offset": [86, 110]}, {"key": "provision-of-a", "type": "clause", "offset": [125, 139]}, {"key": "this-agreement", "type": "clause", "offset": [221, 235]}, {"key": "substantially-similar", "type": "definition", "offset": [265, 286]}, {"key": "supplier-guarantee", "type": "clause", "offset": [316, 334]}], "snippet": "Each Party shall provide a parental guarantee simultaneously with the execution of an Implementation Agreement. Each Party\u2019s provision of a parental guarantee for any Affiliate executing an Implementation Agreement under this Agreement shall be made in the same or substantially similar form as that of Exhibit N.1 (Supplier Guarantee) and Exhibit N.2 (Gap Guarantee), as applicable.", "samples": [{"hash": "5qRCQRVvSWX", "uri": "/contracts/5qRCQRVvSWX#parental-guarantee", "label": "Master Services Agreement (Gap Inc)", "score": 21.0, "published": true}, {"hash": "1bFCZBtSXz1", "uri": "/contracts/1bFCZBtSXz1#parental-guarantee", "label": "Master Services Agreement (Gap Inc)", "score": 21.0, "published": true}], "size": 2, "hash": "88eb5114d1b7731c5b09a93e9b39dc01", "id": 4}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtwYXJlbnRhbC1ndWFyYW50ZWUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["parental-guarantee", "Parental Guarantee"], ["", ""], ["services", "Services"], ["deliverables", "Deliverables"], ["branding", "Branding"]], "parents": [["parental-guarantee", "Parental Guarantee"], ["implementation-agreements", "Implementation Agreements"], ["currency", "Currency"], ["project-credit-support", "Project Credit Support"], ["drafting", "Drafting"]], "title": "Parental Guarantee", "size": 39, "id": "parental-guarantee", "related": [["financial-guarantee", "Financial Guarantee", "Financial Guarantee"], ["personal-guarantee", "PERSONAL GUARANTEE", "PERSONAL GUARANTEE"], ["unconditional-guarantee", "Unconditional Guarantee", "Unconditional Guarantee"], ["parent-guarantee", "Parent Guarantee", "Parent Guarantee"], ["unconditional-guaranty", "Unconditional Guaranty", "Unconditional Guaranty"]], "related_snippets": [], "updated": "2025-10-29T05:56:42+00:00", "also_ask": ["What key terms must be included to ensure the parental guarantee is enforceable?", "How can the scope of the guarantee be limited to reduce the guarantor\u2019s risk?", "What are common negotiation points or carve-outs for parental guarantees?", "How do courts typically interpret ambiguous parental guarantee language?", "How does a parental guarantee compare to other forms of credit support in terms of risk and enforceability?"], "drafting_tip": "Specify guarantor obligations, define guaranteed liabilities, and set duration to ensure clarity, limit exposure, and prevent disputes.", "explanation": "A Parental Guarantee clause requires a parent company to assume responsibility for the obligations of its subsidiary under a contract. In practice, this means that if the subsidiary fails to fulfill its contractual duties\u2014such as making payments or delivering goods\u2014the parent company is legally bound to step in and perform or cover those obligations. This clause provides assurance to the other contracting party that they have recourse to a financially stronger entity, thereby reducing the risk of non-performance or default by the subsidiary."}, "json": true, "cursor": ""}}