GUARANTY OF LEASE Sample Clauses
The Guaranty of Lease clause establishes that a third party, known as the guarantor, agrees to be responsible 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 directly from the guarantor. This clause is commonly used when the tenant's financial stability is uncertain, providing the landlord with additional security and reducing the risk of loss due to tenant default.
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GUARANTY OF LEASE. This Lease is subject to and conditional upon Tenant’s delivery to Landlord concurrently with Tenant’s execution and delivery of this Lease, of a guaranty of lease (the “Guaranty”) fully executed and binding upon Coinstar, Inc., a Delaware corporation, as guarantor (“Guarantor”). Said Guaranty shall be in the form and upon the terms contained in Exhibit “E” attached hereto and made a part hereof. Tenant or Guarantor shall have the option to substitute for the Guaranty, an unconditional, irrevocable and renewable letter of credit (“Letter of Credit”) in favor of Landlord issued by a financial institution reasonably satisfactory to Landlord in the amount of the Liability Amount specified in the Guaranty, which amount may be reduced at the same times, and subject to the same terms and conditions, and to the same amounts as the Liability Amount may be reduced under the Guaranty (as if the Guaranty was still in effect). Tenant or Guarantor (as applicable) shall be responsible for all expenses, points and/or fees incurred by Tenant in obtaining the Letter of Credit. If the issuer of the Letter of Credit is declared to be insolvent by the Federal Deposit Insurance Corporation (or any comparable institution) or becomes a debtor in any case or proceeding under the Bankruptcy Code or any similar statute, or ceases to conduct business for any reason, Landlord may so notify Tenant, in which case Tenant shall, within five (5) business days after such notice from Landlord, provide Landlord with a new Letter of Credit which otherwise meets the requirements hereof. If (A) the term of the Letter of Credit will expire prior to the end of the initial Term of this Lease and the Letter of Credit is not extended, or a new Letter of Credit for an extended period of time is not substituted, in either case at least twenty-five (25) days prior to the expiration of the Letter of Credit, or (B) a monetary Event of Default occurs under this Lease or Tenant files a voluntary petition under Title 11 of the United States Code (i.e., the Bankruptcy Code), or otherwise becomes a debtor in any case or proceeding under the Bankruptcy Code, as now existing or as hereinafter amended or any similar law or statute, Landlord may draw upon the Letter of Credit and the proceeds received from such draw shall constitute Landlord’s property (and not Tenant’s property or the property of the bankruptcy estate of Tenant) and Landlord may then use, apply or retain all or any part of the proceeds for amoun...
GUARANTY OF LEASE. The Landlord has entered into this Lease in reliance upon the Unconditional Guaranty of Payment and Performance by the Guarantor in favor of Landlord dated of even date herewith (the "Guaranty"), pursuant to which the Guarantor has unconditionally guaranteed all of the obligations of the Tenant under this Lease, including without limitation the covenants of Tenant in Sections 4.4 and Section 4.6 hereof, and all of the additional covenants of Tenant in Article 20 hereof.
GUARANTY OF LEASE. THIS GUARANTY OF LEASE, dated as of , by and from , a having an address at (“Guarantor”), with respect to that certain Second Amended and Restated Master Lease Agreement No. 4, dated as of (the “Lease”), between Ventas Realty, Limited Partnership, a Delaware limited partnership (“Lessor”), and Kindred Healthcare, Inc., a Delaware corporation and Kindred Healthcare Operating, Inc., a Delaware corporation (collectively, “Tenant”), covering the Leased Properties (as defined in the Lease) identified therein, including, without limitation, that certain Leased Property more particularly described on Exhibit A attached hereto (the “Premises”), all or a portion of which is subleased by Tenant to Guarantor.
GUARANTY OF LEASE. No Guaranty of Lease is made a part hereof.
GUARANTY OF LEASE. Letter of Credit Agreement and Development Agreement dated as of May 15, 1997 by the Guarantor in favor of NHP.
GUARANTY OF LEASE. 75 21.27 Guaranty of ARC-Related Leases....................................................................75
GUARANTY OF LEASE. THIS GUARANTY OF LEASE (“Guaranty”) is entered into as of the ___ day of ____________, 2017, by [ ]., a California corporation (“Guarantor”), for the benefit of [ ], a Delaware limited liability company (“Landlord”), with reference to the following facts:
GUARANTY OF LEASE. THIS GUARANTY OF LEASE (“Guaranty”) is made by ([collectively and jointly and severally,] “Guarantor”), in favor of the SAN MATEO COUNTY HARBOR DISTRICT (“Landlord”) in connection with that certain Lease Agreement dated , 2021 (the “Lease”) pursuant to which Landlord leases to ▇▇▇▇▇ ▇▇▇▇▇▇ Restaurant and Harbor Bar, a California corporation (“Tenant”), certain “Premises” (as more particularly defined in the Lease) on property owned by the Landlord in the County of San Mateo. As a material inducement to and in consideration of Landlord entering into the Lease, Landlord having indicated that it would not enter into the Lease without the execution of this Guaranty, Guarantor does hereby agree with Landlord as follows:
GUARANTY OF LEASE. In order to induce Landlord to execute this Lease, Tenant has agreed to deliver to Landlord a Restated Guaranty of Lease, in the form attached hereto as Exhibit E, from Will▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇be▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇ Pete▇ ▇. ▇▇▇▇▇▇▇.
GUARANTY OF LEASE. This Guaranty of Lease (this “Guaranty”), dated as of , 20 , is made by , a (together with any entity succeeding thereto by consolidation, merger or acquisition of its assets substantially as an entirety, “Guarantor”) for the benefit of VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership (herein together with its respective successors and assigns as owners of the property hereinafter described, called “Landlord”). Landlord, [Kindred Healthcare, Inc., a Delaware corporation formerly known as Vencor, Inc. (“Kindred”), and Kindred Healthcare Operating, Inc., a Delaware corporation formerly known as Vencor Operating, Inc. (“Operator” and, together with Kindred, “Tenant”)]1 are parties to that certain Amended and Restated Master Lease Agreement No. 5 dated as of September 30, 2013 (as may have been or may be amended from time to time, the “Lease”), pursuant to which, effective as of the Effective Date (as defined therein), Tenant has leased or has agreed to lease from Landlord the Land described in the Lease, the improvements located on said Land and the other components of the Leased Properties (collectively, the “Property”). Initially capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Lease. In accordance with the provisions of the Lease, Tenant wishes to engage in a Kindred Change of Control Transaction whereby Guarantor shall become the Seniormost Parent and, as a condition to the consummation of such Kindred Change of Control Transaction, Guarantor has agreed to enter into this Guaranty. The lease of the Property to Tenant is of direct benefit to Guarantor. This Guaranty reasonably may be expected to benefit, directly or indirectly, Guarantor.