Examples of Lessor Guarantor in a sentence
At the option of Lessor, Guarantor shall either: (a) pay Lessor an amount equal to the rent and other charges which would have been payable for the unexpired portion of the Lease term reduced to present-day value; or (b) execute and deliver to Lessor a new lease for the balance of the Lease term with the same terms and conditions as the Lease, but with Guarantor as Lessee thereunder.
Upon the request of GE Capital or any Lessor, Guarantor will, at any time and from time to time, duly execute and deliver to GE Capital any and all such further agreements, documents and instruments, and supply such additional information, as may be necessary or advisable, in the reasonable opinion of GE Capital or any Lessor, to obtain the full benefits of this Guaranty.
As further security for payment of the Obligations, Expenses and any other obligations of Guarantor to the Lessor, Guarantor hereby grants to the Lessor a security interest in all money, securities and other property of Guarantor in the actual or constructive possession or control of the Lessor or its affiliates including without limitation all deposits and other accounts owing at any time by the Lessor or any of its affiliates in any capacity to Guarantor in any capacity (collectively, “Property”).
Lessor shall, and shall cause Owner, Owner Participant and Lessor Guarantor (or, if different, the Rent beneficiary), to provide to Lessee the information described in Clause 20.6(c) hereof, as and when required pursuant to such Clause.
Any assignment pursuant to this section 12.2(a) shall not affect the obligations of Lessor Guarantor.