Common use of COMPANY/CLOSE CORPORATION/TRUST Clause in Contracts

COMPANY/CLOSE CORPORATION/TRUST. 12.1 If the PURCHASER is acting as an agent or trustee of a company to be formed, alternatively, the PURCHASER is a company, close corporation or trust, the person/s signing this Agreement on behalf of the PURCHASER or as agent or trustee, hereby binds himself/themselves as surety/s for and co-principal debtor/s with the PURCHASER for the discharge of all the PURCHASER's obligations arising out of this Agreement, and hereby undertake to sign any mortgages, documents of suretyship, co-principal debtorship, or as may be required by any mortgagee/s contemplated in this Agreement, so as to ensure the fulfilment of any condition/s to which this Agreement may be subject.