Common use of Corporate Guarantee Clause in Contracts

Corporate Guarantee. Glasgal unconditionally guarantees the performance of Licensor under the Sections entitled Warranty and Indemnity of this Agreement, including without limitation any obligation or liabilities of Licensor owed to Licensee thereunder, heretofore, now or hereafter made, incurred or created, whether voluntary or involuntary and however arising, whether due or not due, absolute or contingent, liquidated or unliquidated, determined or undetermined, and whether Licensor may be liable individually or jointly with others, or whether recovery may be or hereafter become barred by any statute of limitations, or whether such performance may be or hereafter become otherwise unenforceable. Glasgal authorizes Licensee, without notice or demand and without affecting its liability under this Agreement, from time to time to (a) renew, compromise, extend, accelerate, or otherwise change, increase, or decrease Licensor's performance or the terms of this Agreement Glasgal waives any defense arising by reason of any disability or other defense of Licensor or by reason of the cessation from any cause whatsoever of the liability of Licensor. Until this Agreement has expired and all performance of Licensor to Licensee shall have been fully performed, Glasgal shall have no right of subrogation, and waives any right to enforce any remedy, which Glasgal now has or may hereafter have against Licensor. Guarantor waives all demands for performance, notices of nonperformance, protests, notices of protest, and of the creation, or incurring of new or additional obligation or liability of Licensor.

Corporate Guarantee. Glasgal unconditionally guarantees the performance of Licensor under the Sections entitled Warranty and Indemnity of this Agreement, including without limitation any obligation or liabilities of Licensor owed to Licensee thereunder, heretofore, now or hereafter made, incurred or created, whether voluntary or involuntary and however arising, whether due or not due, absolute or contingent, liquidated or unliquidated, determined or undetermined, and whether Licensor may be liable individually or jointly with others, or whether recovery may be or hereafter become barred by any statute of limitations, or whether such performance may be or hereafter become otherwise unenforceable. Glasgal authorizes Licensee, without notice or demand and without affecting its liability under this Agreement, from time to time to (a) renew, compromise, extend, accelerate, or otherwise change, increase, or decrease Licensor's performance or the terms of this Agreement Glasgal waives any defense arising by reason of any disability or other defense of Licensor or by reason of the cessation from any cause whatsoever of the liability of Licensor. Until this Agreement has expired and all performance of Licensor to Licensee shall have been fully performed, Glasgal shall have no right of subrogation, and waives any right to enforce any remedy, which Glasgal now has or may hereafter have against Licensor. Guarantor waives all demands for performance, notices of nonperformance, protests, notices of protest, and of the creation, or incurring of new or additional obligation or liability of Licensor.. LICENSOR: LICENSEE: COMPUTER-AIDED SOFTWARE DATANET INTERNATIONAL, INTEGRATION, INC. INCORPORATED