Guaranty of ARC-Related Leases. The obligations of each tenant under each ARC-Related Lease (whether now in effect or entered into in the future) also shall be and are hereby unconditionally guaranteed by Tenant. Tenant agrees that its guaranty of the ARC-Related Leases hereunder shall be a material inducement for the execution of each ARC-Related Lease, is and shall be a guaranty of payment and performance and not of collection solely, and shall be effective in accordance with the terms and conditions of the Guaranty, which are incorporated herein by this reference. Notwithstanding the foregoing, and the automatic and unconditional guaranty of all ARC-Related Leases hereunder, Tenant shall upon request of the Landlord or its Affiliated Persons promptly execute and deliver a separate Unconditional Guaranty of Payment and Performance with respect to each ARC-Related Lease.
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Samples: Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (American Retirement Corp), Lease Agreement (CNL Retirement Properties Inc)
Guaranty of ARC-Related Leases. The obligations of each tenant under each ARC-Related Lease (whether now in effect or entered into in the future) also shall be and are hereby unconditionally guaranteed by Tenant. Tenant agrees that its guaranty of the ARC-Related Leases hereunder shall be a material inducement for the execution of each ARC-Related Lease, is and shall be a guaranty of payment and performance and not of collection solely, and shall be effective in accordance with the terms and conditions of the Guaranty, which are incorporated herein by this reference. Notwithstanding the foregoing, and the automatic and unconditional guaranty of all ARC-Related Leases hereunder, Tenant shall upon request of the Landlord or its Affiliated Persons promptly execute and deliver a separate Unconditional Guaranty of Payment and Performance with respect to each ARC-Related Lease.. [SIGNATURES APPEAR ON FOLLOWING PAGES]
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