Common use of GUARANTEE OF LEASE Clause in Contracts

GUARANTEE OF LEASE. In order to induce Landlord to execute the foregoing Lease, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties (collectively, jointly, and severally referred to as the "undersigned") do hereby absolutely and unconditionally (subject to the limitations provided herein), jointly and severally, guarantee to Landlord, its successors, and assigns, the full performance and observance of all the covenants, conditions, and agreements provided to be performed and observed by Tenant in the Lease, including the prompt payment of the Rent and all other amounts provided in the Lease to be paid by Tenant, and all obligations of Tenant under any parking agreement, storage agreement, work agreement, or other agreement between the parties now or hereafter entered into in connection with said Lease or the Premises or Property thereunder; provided, however, that Guarantor's exposure and liability hereunder shall be limited to a maximum of ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($125,000).

GUARANTEE OF LEASE. In order to induce Landlord to execute the foregoing Lease, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties (collectively, jointly, and severally referred to as the "undersigned") do hereby absolutely and unconditionally (subject to the limitations provided herein), jointly and severally, guarantee to Landlord, its successors, and assigns, the full performance and observance of all the covenants, conditions, and agreements provided to be performed and observed by Tenant in the Lease, including the prompt payment of the Rent and all other amounts provided in the Lease to be paid by Tenant, and all obligations of Tenant under any parking agreement, storage agreement, work agreement, or other agreement between the parties now or hereafter entered into in connection with said Lease or the Premises or Property thereunder; provided, however, that Guarantor's exposure and liability hereunder shall be limited to a maximum of ONE HUNDRED TWENTY-FIVE FORTY THOUSAND DOLLARS ($125,000140,000).