GUARANTY AND ASSUMPTION OF OBLIGATIONS Clause Samples

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GUARANTY AND ASSUMPTION OF OBLIGATIONS. THIS GUARANTY AND ASSUMPTION OF OBLIGATIONS is given this [___] day of [____], 2021, by [______________]. In consideration of, and as an inducement to, the execution of that certain Master Franchise Agreement (the “Agreement”) on this date by MUSCLE MAKER DEVELOPMENT INTERNATIONAL LLC (“Franchisor”), each of the undersigned personally and unconditionally (a) guarantees to Franchisor and its successors and assigns, for the term of the Agreement and afterward as provided in the Agreement, that [ENTITY] (“Master Franchisee”) will punctually pay and perform each and every undertaking, agreement, and covenant set forth in the Agreement and (b) agrees to be personally bound by, and personally liable for the breach of, each and every provision in the Agreement, both monetary obligations and obligations to take or refrain from taking specific actions or to engage or refrain from engaging in specific activities, including the non-competition, confidentiality, and transfer requirements. Each of the undersigned consents and agrees that: (1) his or her direct and immediate liability under this Guaranty will be joint and several, both with Master Franchisee and among other guarantors; (2) he or she will render any payment or performance required under the Agreement upon demand if Master Franchisee fails or refuses punctually to do so; (3) this liability will not be contingent or conditioned upon Franchisor’s pursuit of any remedies against Master Franchisee or any other person; and (4) this liability will not be diminished, relieved, or otherwise affected by any extension of time, credit, or other indulgence which Franchisor may from time to time grant to Master Franchisee or to any other person, including, without limitation, the acceptance of any partial payment or performance or the compromise or release of any claims, none of which will in any way modify or amend this Guaranty, which will be continuing and irrevocable during the term of the Agreement. Each of the undersigned agrees that, for so long as Franchisor has an ongoing contractual relationship with Franchisor and until all obligations owed to Franchisor by Master Franchisee have been fully satisfied, the undersigned will refrain from asserting any claims for reimbursement or subrogation against Master Franchisee arising as a result of the undersigned’s execution of and performance under this Guaranty. Each of the undersigned waive acceptance and notice of acceptance by Franchisor of his or her undertakings...
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GUARANTY AND ASSUMPTION OF OBLIGATIONS. Each of the undersigned acknowledges and agrees as follows:
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GUARANTY AND ASSUMPTION OF OBLIGATIONS. In consideration of, and as an inducement to, the execution of that certain Franchise Agreement (the "AGREEMENt") entered into by V2K WINDOW FASHIONS, INC. ("V2K") and the Franchisee named below ("FRANCHISEE") on the date listed below, each of the undersigned personally and unconditionally
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GUARANTY AND ASSUMPTION OF OBLIGATIONS. In consideration of, and as an inducement to, the execution of the above Franchise Agreement and any Addenda thereto (individually or collectively the “Agreement”) by ▇▇▇▇▇▇ ▇▇▇▇’▇ GOURMET COFFEES FRANCHISING CORP. (“FRANCHISOR”), each of the undersigned (“GUARANTORS”) hereby personally and unconditionally (1) guarantees to FRANCHISOR and its successors and assigns, for the term of the Agreement and thereafter as provided in the Agreement, that (“FRANCHISEE”) shall punctually pay and perform each and every undertaking, agreement and covenant set forth in the Agreement and (2) agrees to be personally bound by, and personally liable for the breach of, each and every provision in the Agreement, both monetary obligations and obligations to take or refrain from taking specific actions or to engage or refrain from engaging in specific activities. Each of the undersigned waives:
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GUARANTY AND ASSUMPTION OF OBLIGATIONS. All holders of a legal or beneficial interest in Franchisee of five percent (5%) or greater shall be required to execute, as of the date of this Agreement, the Guaranty and Assumption of Obligations attached as Exhibit C, through which such holders agree to assume and discharge all of Franchisee’s obligations under this Agreement and to be personally liable hereunder for all of the same.
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GUARANTY AND ASSUMPTION OF OBLIGATIONS 
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  • Assignment and Assumption of Leases Two (2) counterparts of the Assignment and Assumption of Leases, executed, acknowledged and sealed by Purchaser;

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