Common use of AGREEMENT OF GUARANTY Clause in Contracts

AGREEMENT OF GUARANTY. In order to induce the GREATER ORLANDO AVIATION AUTHORITY (the "Aviation Authority") to enter into the attached STC Food and Beverage Package 3 Concession Agreement (the "Agreement") with (the "Company") (which the Aviation Authority would be unwilling to do without this Agreement of Guaranty), the undersigned unconditionally guarantees to the Aviation Authority that Company will fully and timely make payment, prior to the expiration of any portion applicable provided in this Agreement, of all Concession Fees and other payments which Company is required to pay to the Aviation Authority under this Agreement, and that Company will comply with all of the other terms and conditions of this Agreement. The obligations of the undersigned hereunder shall be direct and immediate and not conditional or contingent upon the Aviation Authority's pursuit of its remedies against Company, and shall remain in full force and effect notwithstanding (i) amendments or modifications to this Agreement entered into by the Aviation Authority and Company without the knowledge or consent of the undersigned, (ii) waivers of compliance with or any default under this Agreement granted by the Aviation Authority to Company without the knowledge or consent of the undersigned,

Appears in 2 contracts

Samples: Concession Agreement, Package 3 Concession Agreement

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AGREEMENT OF GUARANTY. In order to induce the GREATER ORLANDO AVIATION AUTHORITY (the "Aviation Authority") to enter into the attached STC Food and Beverage Package 3 Concession Agreement RETAIL PACKAGE 2 CONCESSION AGREEMENT (the "Agreement") with (the "Company") (which the Aviation Authority would be unwilling to do without this Agreement of Guaranty), the undersigned unconditionally guarantees to the Aviation Authority that Company will fully and timely make payment, prior to the expiration of any portion applicable provided in this Agreement, of all Concession Fees and other payments which Company is required to pay to the Aviation Authority under this Agreement, and that Company will comply with all of the other terms and conditions of this Agreement. The obligations of the undersigned hereunder shall be direct and immediate and not conditional or contingent upon the Aviation Authority's pursuit of its remedies against Company, and shall remain in full force and effect notwithstanding (i) amendments or modifications to this Agreement entered into by the Aviation Authority and Company without the knowledge or consent of the undersigned, (ii) waivers of compliance with or any default under this Agreement granted by the Aviation Authority to Company without the knowledge or consent of the undersigned,

Appears in 1 contract

Samples: Concession Agreement

AGREEMENT OF GUARANTY. In order to induce the GREATER ORLANDO AVIATION AUTHORITY (the "Aviation Authority") to enter into the attached STC Quick Service Food and Beverage Package 3 Concession Agreement (the "Agreement") with (the "Company") (which the Aviation Authority would be unwilling to do without this Agreement of Guaranty), the undersigned unconditionally guarantees to the Aviation Authority that Company will fully and timely make payment, prior to the expiration of any portion applicable provided in this Agreement, of all Concession Fees and other payments which Company is required to pay to the Aviation Authority under this Agreement, and that Company will comply with all of the other terms and conditions of this Agreement. The obligations of the undersigned hereunder shall be direct and immediate and not conditional or contingent upon the Aviation Authority's pursuit of its remedies against Company, and shall remain in full force and effect notwithstanding (i) amendments or modifications to this Agreement entered into by the Aviation Authority and Company without the knowledge or consent of the undersigned, (ii) waivers of compliance with or any default under this Agreement granted by the Aviation Authority to Company without the knowledge or consent of the undersigned,

Appears in 1 contract

Samples: STC Quick Service Food and Beverage Concession Agreement

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AGREEMENT OF GUARANTY. In order to induce the GREATER ORLANDO AVIATION AUTHORITY (the "Aviation Authority") to enter into the attached STC Food and Beverage Package 3 “Open Concept” Concession Agreement (the "Agreement") with (the "Company") (which the Aviation Authority would be unwilling to do without this Agreement of Guaranty), the undersigned unconditionally guarantees to the Aviation Authority that Company will fully and timely make payment, prior to the expiration of any portion applicable provided in this Agreement, of all Concession Fees and other payments which Company is required to pay to the Aviation Authority under this Agreement, and that Company will comply with all of the other terms and conditions of this Agreement. The obligations of the undersigned hereunder shall be direct and immediate and not conditional or contingent upon the Aviation Authority's pursuit of its remedies against Company, and shall remain in full force and effect notwithstanding (i) amendments or modifications to this Agreement entered into by the Aviation Authority and Company without the knowledge or consent of the undersigned, (ii) waivers of compliance with or any default under this Agreement granted by the Aviation Authority to Company without the knowledge or consent of the undersigned,

Appears in 1 contract

Samples: STC Food and Beverage

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