Common use of Scope of this Guarantee Clause in Contracts

Scope of this Guarantee. The Guarantor hereby guarantees to the State the timely payment and performance of any and all indebtedness and obligations whatsoever of the Company to the State arising under or in relation to the Contract, including the payment of any amounts required to be paid by the Company to the State when the same become due and payable; provided, however, that the liability of the Guarantor to the State hereunder shall not exceed the lesser of: (a) the liabilities of the Company to the State; (b) [insert amount] Dollars ($[insert amount]) during the Exploration Period, as may be extended in accordance with the Contract; and (c) [insert amount] Dollars ($[insert amount]) during the Development and Production period.