Common use of Applicability of provisions of Guarantee to other Security Clause in Contracts

Applicability of provisions of Guarantee to other Security. Clauses 16.2 (Continuing guarantee), 16.3 (Reinstatement), 16.4 (Waiver of defences), 16.5 (Immediate recourse), 16.6 (Appropriations), 16.7 (Deferral of Guarantor’s rights) and 16.8 (Additional security) shall apply, with any necessary modifications, to any Security which a Guarantor creates (whether at the time at which it signs this Agreement or at any later time) to secure the Secured Liabilities or any part of them.

Applicability of provisions of Guarantee to other Security. Clauses 16.2 19.2 (Continuing guarantee), 16.3 19.3 (Reinstatement), 16.4 19.4 (Waiver of defences), 16.5 19.5 (Immediate recourse), 16.6 19.6 (Appropriations), 16.7 19.7 (Deferral of Guarantor’s Guarantors’ rights) and 16.8 19.8 (Additional security) shall apply, with any necessary modifications, to any Security which a Guarantor creates the Guarantors create (whether at the time at which it signs this Agreement or at any later time) to secure the Secured Liabilities or any part of them.

Applicability of provisions of Guarantee to other Security. Clauses 16.2 (Continuing guarantee), 16.3 (Reinstatement), 16.4 (Waiver of defences), 16.5 (Immediate recourse), 16.6 (Appropriations), 16.7 (Deferral of Guarantor’s rights) and 16.8 (Additional security) shall apply, with any necessary modifications, to any Security which a the Guarantor creates (whether at the time at which it signs this Agreement or at any later time) to secure the Secured Liabilities or any part of them.

Applicability of provisions of Guarantee to other Security. Clauses 16.2 (Continuing guarantee), 16.3 (Reinstatement), 16.4 (Waiver of defences), 16.5 (Immediate recourse), 16.6 (Appropriations), 16.7 (Deferral of Guarantor’s 's rights) and 16.8 (Additional security) shall apply, with any necessary modifications, to any Security which a the Guarantor creates (whether at the time at which it signs this Agreement or at any later time) to secure the Secured Liabilities or any part of them.