GUARANTEE BY T Clause Samples
GUARANTEE BY T. 11.1 In consideration of H entering into this Agreement at the request of T, T:
(a) unconditionally and irrevocably guarantees to the Vendor on demand the due and punctual performance by the Purchaser of all its obligations under this Agreement; and
(b) separately indemnifies the Purchaser against any Liabilities (other than to the extent they are due to any negligence or default of H) which may be incurred or sustained by the Vendor in connection with any default or delay by the Purchaser in the due and punctual performance of any of its obligations under this Agreement.
11.2 The liability of T under this Clause is not affected by any act, omission or thing which, but for this provision, might in any way operate to release or otherwise exonerate or discharge T from any of its obligations including (without limitation) the grant to the Purchaser or any other person of any time, waiver or other indulgence, or the discharge or release of the Purchaser or any other person from any obligation.
GUARANTEE BY T. 11.1 In consideration of H entering into this Agreement at the request of T, T:
(a) unconditionally and irrevocably guarantees to ▇▇▇ on demand the due and punctual performance by the Purchaser of all its obligations under this Agreement; and
(b) separately indemnifies the Purchaser against any Liabilities (other than to the extent they are due to any negligence or default of H) which may be incurred or sustained by ▇▇▇ in connection with any default or delay by the Purchaser in the due and punctual performance of any of its obligations under this Agreement.
11.2 The liability of T under this Clause is not affected by any act, omission or thing which, but for this provision, might in any way operate to release or otherwise exonerate or discharge T from any of its obligations including (without limitation) the grant to the Purchaser or any other person of any time, waiver or other indulgence, or the discharge or release of the Purchaser or any other person from any obligation.
11.3 This Clause is a continuing guarantee and indemnity and, despite Completion, remains in full force and effect for so long as the Purchaser has any liability or obligation to ▇▇▇ under this Agreement and until all of those liabilities or obligations have been fully discharged.