LEASE GUARANTOR Clause Samples
A Lease Guarantor clause establishes that a third party, known as the guarantor, agrees to be responsible for fulfilling the tenant's obligations under the lease if the tenant fails to do so. Typically, this means the guarantor may be required to pay rent, cover damages, or perform other duties outlined in the lease if the tenant defaults. This clause is commonly used when the landlord seeks additional security, such as when the tenant has limited credit history or financial resources. Its core function is to provide the landlord with a secondary source of payment and performance, thereby reducing the risk of loss due to tenant default.
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LEASE GUARANTOR. (a) For good and valuable consideration, the receipt and sufficiency, of which is hereby acknowledged by Lease Guarantor, the Lease Guarantor hereby personally and unconditionally guarantys to Lessor the payment of all Base Rent and any and all other sums due hereunder, including, but not limited to, all damages, fees, costs and the performance of any and all obligations of the Lessee under the terms of this Lease as well as any holdover provisions. The Lease Guarantor agrees to be personally liable for any and all costs, damages and reasonable attorney’s fees incurred by the Lessor in enforcing the terms and conditions of this Lease or to recover possession of the Rental Premises as well as enforcing the provisions of this Section 42 against the Lease Guarantor.
(b) The Lease Guarantor hereby waives notice from the Lessor of any breach by Lessee, any extension, and/or modification of this Lease. The Lease Guarantor also hereby waives notice of any breach, notice to cure, right to cure, waiver, notice to quit demand, forbearance by Lessor, or forgiveness by Lessor between the Lessee and Lessor.
(c) Lessee hereby consents to any modifications, amendments or revisions of this Lease hereinafter agreed upon by Lessor and Lessee.
LEASE GUARANTOR. This Lease Agreement, as amended from time to time, and all of Tenant's obligations hereunder are hereby fully guaranteed jointly and severally by those Persons listed on the signature page as Lease Guarantors. Lease Year: The period of twelve (12) months commencing on the Lease Commencement Date and ending on the last day of the month which completes twelve (12) full calendar months after the Lease Commencement Date, and each 12-month period thereafter commencing on the first day after the end of the immediately preceding Lease Year, except that the last Lease Year shall end on the last day of the Term. Legal Requirements: All laws, statutes, ordinances, orders, rules, regulations, and requirements of all federal, state, and municipal governments, and the appropriate agencies, officers, departments, boards, and commissions thereof, and the board of fire underwriters and/or the fire insurance rating organization or similar organization performing the same or similar functions, whether now or hereafter in force, applicable to the Building or any part thereof and/or the Leased Premises, as to the manner of use or occupancy or the maintenance, repair, or condition of the Leased Premises and/or the Building, and the usual and customary requirements of the carriers of all fire insurance policies maintained by Landlord on the Building.
LEASE GUARANTOR. The following person shall be the guarantor of all of Tenant’s duties and obligations under this Lease, pursuant to a separate Lease Guarantee Agreement: [insertnameofĮeaseguarantor]
LEASE GUARANTOR. Any guarantor, indemnitor or surety of the performance of a Tenant’s obligations under a Lease and any other Person other than the Tenant who is obligated for the performance of the Tenant’s obligations under the Lease.
LEASE GUARANTOR. N/A 14. Notices: Addresses for notices due under this Lease: LANDLORD: TENANT: AlP-SWAG Operating Partnership, L.P., TM Century, Inc., a Delaware Limited Partnership a Delaware corporation c/o American Industrial Properties REIT Attention: Mr. Richard E. Brown Enterprise Par▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (▇▇▇) ▇▇▇-▇▇▇▇: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇A▇▇▇: ON OR AFTER COMMENCEMENT DATE: American Industrial Properties REIT The Premises: 6210 North Beltline, Suite #160 ▇▇▇▇▇▇▇▇▇: ▇▇▇▇▇ Grauper Irving, TX 75063-2656 ▇▇▇ ▇▇2-406-6890: Fax Attention: Beth C▇▇▇▇ ▇▇▇▇▇▇r (972) 756-0704: 972-406-6890: Fax (972) 756-0704: F▇▇
LEASE GUARANTOR. The undersigned hereby (a) ratifies and reaffirms its obligations under that certain [Guaranty] dated as of , 20 (the “Lease Guaranty”), a true and correct copy of which has been delivered to Lender, (b) confirms that the Lease Guaranty is in full force and effect and has not been modified (except for such modifications delivered to Lender), and (c) certifies that the statements made by Tenant herein are true and correct. [Lease Guarantor] THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT is made as of this day of , 200_, by and among COUNTRYWIDE COMMERCIAL REAL ESTATE FINANCE, INC., a California corporation, (together with its successors and assigns, “Mortgagee”), , a (together with its successors and assigns, “Tenant”), and , a (together with its successors and assigns, “Landlord”).
LEASE GUARANTOR. INTERCELL CORPORATION The Undersigned Officer on behalf of Intercell Corporation hereby guarantees the obligations created under this lease by Microlink Technologies Corporation including payment of all rental sums due under the lease. Intercell Corporation shall submit with execution of the lease a current audited balance sheet and a profit and loss statement for the year ending 1996 or the last fiscal year of operations. INTERCELL CORPORATION By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ---------------------------------------- ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, President & Chief Executive Officer Date: October 15, 1997
LEASE GUARANTOR. The Lease Guarantor hereby personally and unconditionally guarantees to Lessor the payment of all rent, damages, fees, and costs in the performance of any and all obligations of the Lessee under the terms of this Lease Agreement as well as any hold over provisions. The Lease Guarantor hereby waives notice from the Lessor of any breach of the Lessee, extension of this Lease Agreement, and/or modification of this Lease Agreement. The Lease Guarantor also hereby waives notice of any breach, notice to cure, right to cure, waiver, notice to quit, forbearance by Lessor, or forgiveness by Lessor between the Lessee and Lessor. The Lease Guarantor agrees to be personally liable for any and all costs, damages, and reasonable attorney’s fees incurred by the Lessor in enforcing the terms and conditions of this Lease Agreement or to recover possession of the Leased Premises as well as enforcing the provisions of this Section 20 against the Lease Guarantor.
LEASE GUARANTOR. Borrower shall not release any Lease Guarantor or otherwise modify the guaranty executed by any Lease Guarantor.
LEASE GUARANTOR. N/A 16. Notices: Addresses for notices due under this Lease: LANDLORD: TENANT: AIP-SW AG OPERA TING PARTNERSHIP , L.P. PRIOR TO COMMENCEMENT DATE: a Delaware Limited Partnership c/o American Industrial Properties REIT Lexxus International, Inc., Attention: Mr. Richard E. Brown ▇ Delaware Corporation 3300 Enterprise Parkway Attn: Mark Woodburn Beachwood, OH ▇▇▇▇▇ 2161 Hutton Dr., #126 (216) ▇▇▇-▇▇▇▇: ▇▇▇ Carrollton, TX 75006 (214) 241-4367 PROPERTY MA▇▇▇▇▇: ▇▇▇▇▇▇an Industrial Properties REIT ON OR AFTER COMMENCEMENT DATE: 6210 North Beltline, Suite #▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ The Premises: Attention: Beth Cupit Attention: Mark Woodburn (972) 756-0704: ▇▇▇ _______________________ : Fax