Common use of Rejection of Lease Document Clause in Contracts

Rejection of Lease Document. Guarantor agrees that, in the event of the rejection or disaffirmance of the Lease by Tenant or Tenant’s trustee in bankruptcy pursuant to bankruptcy law or any other law affecting creditors rights, Guarantor will, if Landlord so requests, assume all obligations and liabilities of Tenant under the Lease, to the same extent as if Guarantor was a party to such document and there had been no such rejection or disaffirmance; and Guarantor will confirm such assumption in writing at the request of Landlord upon or after such rejection or disaffirmance and such assumption will be without limitation upon Guarantor’s obligations under this Guaranty. Guarantor, upon such assumption, shall have all rights of Tenant under the Lease to the fullest extent permitted by law.

Rejection of Lease Document. Guarantor agrees that, in the event of the rejection or disaffirmance of the a Lease Document by Tenant any Obligor or Tenantany Obligor’s trustee in bankruptcy pursuant to any bankruptcy law or any other law affecting creditors rights, Guarantor will, if the applicable Landlord so requests, assume all obligations and liabilities of Tenant such Obligor under the Leaseapplicable Lease Document, to the same extent as if Guarantor was a party to such document and there had been no such rejection or disaffirmance; and Guarantor will confirm such assumption in writing at the request of such Landlord upon or after such rejection or disaffirmance and such assumption will be without limitation upon Guarantor’s obligations under this Guaranty. Guarantor, upon such assumption, shall have all rights of Tenant the applicable Obligor under the applicable Lease Document to the fullest extent permitted by law.