Common use of Personal Guaranty of Payments Clause in Contracts

Personal Guaranty of Payments. The Guarantor hereby guarantees the prompt and full payment of all obligations under the License Agreement including: (a) all royalties due SONIC pursuant to the License Agreement, (b) all brand contribution fees to the Sonic Brand Fund pursuant to the License Agreement, (c) all contributions to approved advertising cooperatives pursuant to the License Agreement, and (d) any other obligations owing to SONIC or its Affiliates (as defined in the License Agreement) relating to the Drive-in, including any sign lease agreement.

Appears in 2 contracts

Samples: License Agreement (Sonic Corp), License Agreement (Sonic Corp)

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Personal Guaranty of Payments. The Guarantor hereby guarantees the prompt and full payment and performance of all obligations under the License Agreement including::  (a) all royalties due SONIC Sonic pursuant to the License Agreement,,  (b) all brand contribution fees to the Sonic Brand Fund pursuant to the License Agreement,,  (c) all contributions to approved advertising cooperatives pursuant to the License Agreement, and (d) all technology fees to the Brand Technology Fund pursuant to the License Agreement, and  (e) any other obligations owing to SONIC Sonic or its Affiliates (as defined in the License Agreement) relating to the Drive-in, including any sign lease agreement.. 

Appears in 1 contract

Samples: Franchise Agreement (Sonic Corp)

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Personal Guaranty of Payments. The Guarantor hereby guarantees the prompt and full payment and performance of all obligations under the License Agreement including: (a) all royalties due SONIC Sonic pursuant to the License Agreement, (b) all brand contribution fees to the Sonic Brand Fund pursuant to the License Agreement, (c) all contributions to approved advertising cooperatives pursuant to the License Agreement, and (d) any other obligations owing to SONIC Sonic or its Affiliates (as defined in the License Agreement) relating to the Drive-in, including any sign lease agreement.

Appears in 1 contract

Samples: License Agreement (Sonic Corp)

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