Common use of Guarantor Obligations Clause in Contracts

Guarantor Obligations. 2.1 The Guarantor agrees with the Pub Owner that: 2.1.1 The Operator will observe and perform the covenants, obligations and other terms of this agreement. 2.1.2 If at any time during the Liability Period while the Operator is bound by the Operator's covenants and obligations of this agreement and the Operator defaults in observing or performing any of the covenants or other terms of this agreement then the Guarantor will pay the payments under this agreement and VAT charged on them and will observe and perform the covenants or terms in respect of which the Operator is in default. 2.2 The Guarantor will make good to the Pub Owner on demand and indemnify the Pub Owner against all losses resulting from the Operator's non-payment, non-performance or non- observance of the matters detailed in this agreement notwithstanding: 2.2.1 that the terms of this agreement may have been varied by agreement between the Pub Owner and the Operator; or 2.2.2 anything else by which, but for this paragraph 2, the Guarantor would be released.

Guarantor Obligations. 2.1 The Guarantor agrees with the Pub Owner that: 2.1.1 The Operator will observe and perform the covenants, obligations and other terms of this agreement. 2.1.2 If at any time during the Liability Period while the Operator is bound by the Operator's covenants and obligations of this agreement and the Operator defaults in observing or performing any of the covenants or other terms of this agreement then the Guarantor will pay the payments under this agreement and VAT charged on them and will observe and perform the covenants or terms in respect of which the Operator is in default.. SAMPLE 2.2 The Guarantor will make good to the Pub Owner on demand and indemnify the Pub Owner against all losses resulting from the Operator's non-payment, non-performance or non- observance of the matters detailed in this agreement notwithstanding: 2.2.1 that the terms of this agreement may have been varied by agreement between the Pub Owner and the Operator; or 2.2.2 anything else by which, but for this paragraph 2, the Guarantor would be released.