GUARANTY BY PHC Clause Samples

GUARANTY BY PHC. PHC hereby absolutely and unconditionally and irrevocably guarantees the full, prompt and faithful performance by PHC-SUB of all covenants and obligations to be performed by PHC-SUB under this Agreement, including, but not limited to, the payment of all sums to be paid by PHC-SUB pursuant to this Agreement. If PHC-SUB fails to fully perform all such covenants and obligations in accordance with their terms or pay all or any part of such sums when due upon written demand from the Practice, PHC will perform immediately all such covenants and obligations in accordance with their terms or immediately pay to the Practice the amount due and unpaid by PHC-SUB. In the event of termination, liquidation or dissolution of PHC-SUB, this unconditional guaranty shall continue in full force and effect.