Common use of Lease Guaranty Clause in Contracts

Lease Guaranty. At the Closing, nStor agrees to execute a written guaranty, in form and substance as nStor may reasonably agree, of Andataco's performance under the real property lease between Syko Properties, Inc., a corporation owned and/or controlled by X. Xxxxx, as lessor, and Andataco, as lessee, dated as of January 1, 1993, as amended, pursuant to which Andataco leases the premises in which it conduct business in San Diego, California (the "Lease"); provided, however, that nStor's obligation under this Section 8 is conditioned upon the Lease being terminable by Andataco in its sole discretion at any time upon nine months notice to the lessor.

Lease Guaranty. At the ClosingnStor has delivered, nStor agrees to execute simultaneously herewith, a written guaranty, in form and substance as nStor may reasonably agree, guaranty of Andataco's performance under the real property lease between Syko Properties, Inc., a corporation owned and/or controlled by X. Xxxxx, as lessor, and Andataco, as lessee, dated as of January 1, 1993, as amended, pursuant to which Andataco leases the premises in which it conduct business in San Diego, California (the "Lease"); provided, however, that . nStor's obligation under this Section 8 is conditioned upon the Lease being terminable by Andataco in its sole discretion at any time upon nine months notice to the lessor.