Common Contracts
1 similar Parental or Sponsor Guaranty contracts
PARENTAL OR SPONSOR GUARANTYParental or Sponsor Guaranty • April 30th, 2021
In consideration for, and as an inducement to us in making the Lease to Resident, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, you, as Guarantor, guarantee irrevocably, absolutely and unconditionally, to us and our successors and assigns, the full performance and prompt observance of all the agreements and conditions of the Lease and of any amendments, revisions or renewals of the Lease (and all documents that are a part of the Lease), including, but not limited to, the payment of Rent and other sums due under the Lease. You acknowledge that you have a relationship with the Resident and as a result of that relationship you will derive a substantial benefit from the making of the Lease to Resident. Once you sign this Guaranty it is your legal obligation to pay us sums due under the Lease. To the extent permitted by law, you hereby waive any legal defenses to this Guaranty based on notice of acceptance, presentment, demand, n
