Common use of Parent Company Guarantee Clause in Contracts

Parent Company Guarantee. (If Applicable) (Corporate name of Contractor’s Parent Company) hereby guarantees absolutely the full, prompt, and complete performance by (Contractor) of all the terms, conditions and obligations contained in this Contract, as it may be amended from time to time, including any and all exhibits that are now or may become incorporated hereunto, and other obligations of every nature and kind that now or may in the future arise out of or in connection with this Contract, including any and all financial commitments, obligations, and liabilities. (Corporate name of Contractor’s Parent Company) may not transfer this absolute guaranty to any other person or entity without the prior express written approval of the State, which approval the State may grant, withhold, or qualify in its sole and absolute subjective discretion. (Corporate name of Contractor’s Parent Company) further agrees that if the State brings any claim, action, suit or proceeding against (Contractor), (Corporate name of Contractor’s Parent Company) may be named as a party, in its capacity as Absolute Guarantor.

Parent Company Guarantee. (If Applicable) ([Corporate name of Contractor’s Parent Company) ] hereby guarantees absolutely the full, prompt, prompt and complete performance by ("[Contractor) ]" of all the terms, conditions and obligations contained in this Contract, as it may be amended from time to time, including any and all exhibits that are now or may become incorporated hereunto, and other obligations of every nature and kind that now or may in the future arise out of or in connection with this Contract, including any and all financial commitments, obligations, obligations and liabilities. ("[Corporate name of Contractor’s Parent Company) ]" may not transfer this absolute guaranty to any other person or entity without the prior express written approval of the State, which approval the State may grant, withhold, or qualify in its sole and absolute subjective discretion. ("[Corporate name of Contractor’s Parent Company) ]" further agrees that if the State brings any claim, action, suit or proceeding against (Contractor), (Corporate "[Contractor]","[Corporate name of Contractor’s Parent Company) ]" may be named as a party, in its capacity as Absolute Guarantor.