Parental Guarantee. Each TENANT listed on Page 1 of this LEASE must provide LANDLORD a legally binding parental or sponsor’s GUARANTEE in a form acceptable to LANDLORD in LANDLORD’s sole and absolute discretion. The GUARANTEE for each TENANT must be delivered to LANDLORD within 7 days of TENANT signing this LEASE. LANDLORD may cancel this LEASE at any time thereafter if TENANT does not provide the GUARANTEE to LANDLORD. TENANT will not be allowed to move-In without a complete LEASE file including the GUARANTEE. If TENANT does not have a signed GUARANTEE form, TENANT is still liable for all LEASE payments for the TERM. It is the LANDLORD’S option as to whether to accept the GUARANTEE or not. It is not the option of the TENANT as to whether or not to have the GUARANTEE completed and returned to LANDLORD.
Parental Guarantee. (a) Berkshire hereby unconditionally and irrevocably guarantees (the “Parental Guarantee”) NICO’s full and prompt payment and, in the case of the obligations set forth in (ii) and (iii) below (the “Collateral Obligations”), performance when due of NICO’s obligations for: (i) the payment of all Ultimate Net Loss due and owing by NICO, pursuant to and in accordance with the applicable provisions of the LPT Reinsurance Agreement, subject always to the LPT Limit; (ii) the transfer and assignment of assets into the Trust Account when required, including upon the occurrence of a Collateral Triggering Event or a Reinsurance Credit Event, pursuant to and in accordance with the applicable provisions of the LPT Reinsurance Agreement and the Trust Agreement; (iii) the establishment, funding and maintenance of additional trust accounts and/or other collateral when required upon the occurrence of a Reinsurance Credit Event, pursuant to and in accordance with the applicable provisions of the LPT Reinsurance Agreement and the Trust Agreement; and (iv) the payment of any amounts due and payable to the CNA Parties pursuant to Section 14.2(c) of the Administrative Services Agreement if the Administrative Services Agreement is terminated in accordance with Section 14.2(a)(iii) thereof (such obligations, collectively, the “Guaranteed Obligations”).
Parental Guarantee. Each Tenant is required to obtain a signed copy of the parental guarantee form. If no parent/guardian is able to sign the parental guarantee, the lease is subject to voidance. Xxxxxx gives Xxxxxx & Xxxxx Enterprises/Landlord authority to communicate with parent or guarantor concerning rent owned under this lease agreement and any and all issues regarding my tenancy.
Parental Guarantee. The obligations of Contractor under this Agreement shall be secured by a Guarantee in the form of Exhibit J-1 attached hereto and executed and delivered by the Guarantor. Contractor hereby represents and warrants that Guarantor is ***. From the Effective Date until Final Completion of each Xxxx 0 xxx xxx Xxxx 0 Xxxxxxxx, Xxxxxxxxxx shall, upon request of Owner, cause Guarantor to deliver to Owner (a) within *** Days following the end of each fiscal year, a copy of Guarantor’s annual report (or, if there is no such report, a copy of such report for its parent company) containing audited, consolidated financial statements for such fiscal year, and (b) within *** Days after the end of each of its first three fiscal quarters of each fiscal year, a copy of Guarantor’s quarterly report (or, if there is no such report, a copy of such report for its parent company) containing unaudited consolidated financial statements for such fiscal quarter. In all cases, the statements shall be prepared in accordance with generally accepted accounting principles. To the extent such quarterly reports are not available, upon the reasonable request of Owner in response to a credit event in the marketplace, Guarantor shall provide unaudited management financial information for such fiscal quarter.
Parental Guarantee. (a) Berkshire hereby unconditionally and irrevocably guarantees (the “Parental Guarantee”) NICO’s full and prompt payment and, in the case of the obligations set forth in (ii) below (the “Collateral Obligations”), performance when due of NICO’s obligations for: (i) the payment of all Ultimate Net Loss due and owing by NICO, pursuant to and in accordance with the applicable provisions of the Reinsurance Agreement, subject always to the Aggregate Limit; and (ii) the transfer and assignment of assets into the Trust Account when required, including upon the occurrence of a Collateral Triggering Event or a Reinsurance Credit Event, pursuant to and in accordance with the applicable provisions of the Reinsurance Agreement and the Trust Agreement (such obligations, collectively, the “Guaranteed Obligations”).
Parental Guarantee. Each Party shall provide a parental guarantee simultaneously with the execution of an Implementation Agreement. Each Party’s provision of a parental guarantee for any Affiliate executing an Implementation Agreement under this Agreement shall be made in the same or substantially similar form as that of Exhibit N.1 (Supplier Guarantee) and Exhibit N.2 (Gap Guarantee), as applicable.
Parental Guarantee. (a) As of the date of this Agreement, the Guarantor has provided a guarantee to Purchaser for the benefit of the Purchaser with respect to the Seller’s obligations under Section 6.14.
Parental Guarantee. Parent hereby fully, irrevocably and unconditionally guarantees to Buyer the full and timely payment of all present and future obligations and liabilities required to be paid or reimbursed by Seller under this Agreement when due, whether by acceleration or otherwise, or (if earlier) at the xxxx Xxxxxx becomes the subject of bankruptcy or other insolvency proceedings, however arising (collectively, the “Obligations”). At the time any payment is due from Seller to Buyer under this Agreement, Parent agrees to pay, or cause to be paid, the amount due promptly. This is a guarantee of payment, and not of collection, and Parent acknowledges and agrees that such guarantee is full and unconditional. Parent hereby waives, for the benefit of Buyer, to the fullest extent permitted by Applicable Law, any defenses or benefits that may be derived from or afforded by Applicable Law or in equity which limit the Liability of or exonerate guarantors or sureties; provided, however, that Parent does not waive, and shall be entitled to the benefit of, (i) any such defense that is available to Seller, and (ii) any defense derived from or afforded by the Obligations having been paid in full. For the avoidance of doubt, the payment of an Obligation by Parent shall be deemed to satisfy Seller’s obligation to pay such Obligation under this Agreement to the extent of such payment by Parent. The guarantee provided for in this Section 6.18 shall terminate upon the full payment, performance, observation and discharge of the Obligations.
Parental Guarantee. Tenant agrees that his/her parent(s) will sign a Guarantee to ensure the enforcement of this lease. The Guarantee must be signed and returned within 10 days of the signing of the lease. If the Guarantee is not received by the Owners within 10 days, the Owners may exercise the option of invalidating the lease agreement.
Parental Guarantee. Calpine Corporation guarantees to Purchaser the indemnification obligations of Vendor pursuant to Sections 6.1, 6.6 and 6.7 hereunder (the "GUARANTEED OBLIGATIONS"). If Vendor fails to pay any amounts due under the Guaranteed Obligations, Calpine Corporation shall make payments therefor upon demand from Purchaser; provided, however, that upon such payment, Calpine Corporation shall be subrogated to the rights of Purchaser with respect to the amount paid under the Guaranteed Obligation. Except as provided in this Article 16, Calpine Corporation makes no covenants, representations or warranties, express or implied, and has no other obligations under this Agreement.
