Under what conditions does the guarantee of performance for the Camp Margaritaville franchise continue?

For value received, Margaritaville Holdings LLC, a Delaware limited liability company (the "Guarantor"), located at 6900 Turkey Lake Road, Suite 200, Orlando, Florida 32819 absolutely and unconditionally guarantees to assume the duties and obligations of Margaritaville RV Resorts, LLC, located at 6900 Turkey Lake Road, Suite 200, Orlando, Florida 32819 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its Camp Margaritaville RV Resorts Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.

Source: Item 23 — RECEIPTS (FDD pages 72–406)