Common use of Extent of guarantee and indemnity Clause in Contracts

Extent of guarantee and indemnity. Each of the guarantee in clause 1.3 (“Guarantee”) and the indemnity in clause 1.4 (“Indemnity”) is a continuing obligation despite any intervening payment, settlement or other thing and extends to all of the Buyer’s obligations in connection with the contract. The Guarantor waives any right it has of first requiring the Seller to make demand, commence proceedings or enforce any other right against the Buyer or any other person before claiming from the Guarantor under this Guarantee and Indemnity.