GUARANTEE OF LEASE Clause Examples
POPULAR SAMPLE Copied 3 times
GUARANTEE OF LEASE. In order to induce Landlord to execute the foregoing Lease, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties (collectively, jointly, and severally referred to as the "undersigned") do hereby absolutely and unconditionally (subject to the limitations provided herein), jointly and severally, guarantee to Landlord, its successors, and assigns, the full performance and observance of all the covenants, conditions, and agreements provided to be performed and observed by Tenant in the Lease, including the prompt payment of the Rent and all other amounts provided in the Lease to be paid by Tenant, and all obligations of Tenant under any parking agreement, storage agreement, work agreement, or other agreement between the parties now or hereafter entered into in connection with said Lease or the Premises or Property thereunder; provided, however, that Guarantor's exposure and liability hereunder shall be limited to a maximum of ONE HUNDRED FORTY THOUSAND DOLLARS ($140,000).
GUARANTEE OF LEASE. The LESSEE agrees to have his parents execute the Guarantee of this lease within two weeks after the date hereof. If he or she fails to do so, the LESSOR may terminate this lease at any time by giving notice thereof to the LESSEE and use the deposit to recover the cost associated with re-renting the unit. All residents must prepay last month's rent in if parents’ reside outside of the country and cannot guarantee.
GUARANTEE OF LEASE. All of the obligations of Tenant under the ------------------ terms and conditions of this Lease are unconditionally guaranteed by Metris Companies, Inc. ( the "Guarantor"), pursuant to the terms of the Guarantee attached hereto and incorporated herein by reference as Exhibit "H". Such guarantee shall be executed by Guarantor in form reasonably satisfactory to Landlord's counsel. At any time that Tenant is required to furnish a certificate pursuant to Section 25 hereof, Guarantor, by guarantying the terms and conditions of this Lease, agrees that Guarantor, upon thirty (30) days prior written request to Tenant, shall certify (by written instrument, duly executed, acknowledged and delivered to Landlord and to any third person designated by Landlord in such request) that it concurs with the statements set forth in such certificate by Tenant and that its Guarantee remains in full force and effect as to all obligations to Landlord (and any such designated third party) within such thirty-day period shall constitute automatic approval of the requested certificate as though such certificate had been fully executed and delivered to Landlord and such designated third party. By execution of this Lease and the aforesaid Guarantee, Guarantor agrees to deliver to Landlord the following instruments and documents:
(a) A certified copy of the Resolution of the Board of Directors of Guarantor, certified by the Secretary of Guarantor, unconditionally authorizing the execution and delivery of the Guarantee;
(b) An opinion of Guarantor's counsel that (i) the Guarantee has been duly authorized by all necessary corporate action and is a valid and binding guarantee enforceable against Guarantor in accordance with its terms; and (ii) Guarantor is a duly organized and validly existing corporation under the laws of the state of its incorporation, is duly authorized to carry on its business, and is in good standing under the laws of that State.
GUARANTEE OF LEASE. In order to induce the aforesaid Owner to enter into this Lease and for other valuable considerations, the receipt of which is hereby acknowledged, XXXX X. XXXXXXX, an individual residing at 0000 Xxxxxx Xxxxxxxx, Xxxxxxxxx, XX 00000, whose Social Security number is ####-##-#### (“Guarantor”), hereby makes the following guarantee and agreement with and in favor of Owner and its respective legal representations and assigns. The following personal guarantee is the only provision of the Lease to which the Guarantor is personally liable, unless provided for elsewhere in the Lease, as all other provisions, clauses and terms of this Lease are binding upon the Tenant.
GUARANTEE OF LEASE. Tenant guarantees, upon execution of the Lease, to occupy the Premises. Any failure to occupy the Premises does not release the Tenant from the obligation of paying Rents or any other terms set forth herein.
GUARANTEE OF LEASE. The above documents shall take the form of documents previously agreed to between the parties, except as the parties may otherwise mutually agree. In the event that Seller and Buyer do not reach mutual agreement on the form of the above described documents (a) through (k) prior to the end of the First Contingency Period, this Agreement may be terminated by either Seller or Buyer and the Earnest Money shall be xxxxxxed in full to the Buyer immediately and neither party shall have any further duties or obligations to the other hereunder.
GUARANTEE OF LEASE. FOR VALUE RECEIVED, and in consideration for and as an inducement to Xxxxxx Business Park L.L.C. ("Landlord") to enter into a Commercial Lease dated the ___ day of May 2002, ("Lease") with Force 10 Trading ("Tenant"), each of the undersigned hereby jointly and severally unconditionally guarantees the full performance of each and all of the terms, covenants and conditions of said Lease to be kept and performed by Tenant, including the payment of all rentals and other charges to accrue thereunder. The undersigned further agree as follows:
GUARANTEE OF LEASE. Provided Guarantor, Xiodi Hou, an individual, executes and delivers a new guarantee of lease concurrently with this Amendment, the Guarantee of Lease dated December 16, 2016 shall be of no further force or effect.
GUARANTEE OF LEASE. Tenant's obligations under this Lease shall be guaranteed until the first anniversary of the Rent Commencement Date by First Source Capital Fund, an Oregon general partnership, pursuant to the terms of a Guarantee of Lease acceptable to Landlord.
GUARANTEE OF LEASE. The Guarantor covenants and agrees with the Landlord that the Guarantor shall duly execute the Lease and counterparts of it to give full effect to it, including the provisions of clause 9 of and Schedule 5 to the Lease and if required by the Landlord will join in any deed or instrument made under or supplemental to this Agreement or to the Lease for the purpose of acknowledging it is bound by it and that the obligations in this clause extend to it.