Obligation of surety Sample Clauses

Obligation of surety. (1) A joint guarantor, concerning all the obligation that the debtor has by the agreement with the lender, shall be jointly responsible for their execution, and shall not contend at all if other collateral or security has been changed or cancelled at your convenience.
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Obligation of surety. 16.1 The obligations of the Surety shall in no circumstances exceed the Financial Limit.
Obligation of surety. To the limit of this Performance Bond, the Surety is obligated in the event of a default by the Principal for:
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