Guarantee Renewal Clause Samples

Guarantee Renewal. The Lessee shall mandatorily submit to the Developer Lessor, during the term of this Lease, the respective renewals of surety bond within fifteen (15) days from the date of each such renewal and hereby irrevocably and irreversibly agrees to pay the total Rent Amount, less the amount to be covered by loss of revenue insurance, as the case may be, without any interruption.