Examples of Guarantied Obligations in a sentence
The Guarantor’s obligations under this Guaranty are independent of those of the Tenant and of the obligations of any other guarantor, and are not conditioned or contingent upon the genuineness, validity, regularity, or enforceability of the Guarantied Obligations or of the obligations of any other guarantor.
Landlord shall be under no obligation to return or deliver this Guaranty to Guarantor, notwithstanding the payment of the Guarantied Obligations.
Upon a default of Tenant, Landlord may elect to foreclose nonjudicially or judicially against any real or personal property security it holds for the Guarantied Obligations or any part thereof, or exercise any other remedy against Tenant or any security.
To the maximum extent permitted by law, Guarantor hereby waives any right to revoke this Guaranty as to future Guarantied Obligations.
Guarantor agrees to pay, upon demand, Landlord’s reasonable out-of-pocket costs and expenses, including but not limited to legal fees and disbursements and expert witness fees and disbursements, incurred in the administration of this Guaranty and any effort to collect or enforce any of the Guarantied Obligations or this Guaranty, whether or not any lawsuit is filed, and in the presentation of Landlord in any insolvency, bankruptcy, reorganization or similar proceeding relating to Tenant or Guarantor.