Common use of Guarantee of Guarantor Clause in Contracts

Guarantee of Guarantor. In consideration for Nestlé entering into this Agreement, the Guarantor irrevocably and unconditionally guarantees to each of the Company and Nestlé the punctual performance of all obligations of Xxxxxxxxx under Section 13.4 of this Agreement and undertakes to each of the Company and Nestlé that whenever Xxxxxxxxx does not pay any amount when due under or in connection with Section 13.4 of this Agreement, the Guarantor shall immediately on demand pay that amount as if it was the principal obligor, so that the same benefits are conferred on each of the Company and Nestlé as they would have received if such obligation had been performed and satisfied by Xxxxxxxxx.