Common use of Principal Liability Clause in Contracts

Principal Liability. Any signatory for a proprietary company Client will be and remain personally responsible for the due performance of the Client’s obligations as if the signatory was the client. If required by the Contractor, the signatory will procure the execution by all Client company directors of a guarantee to be prepared by or on behalf of the Contractor.

Principal Liability. Any signatory for a proprietary company Client Customer will be and remain personally responsible for the due performance of the ClientCustomer’s obligations as if the signatory was the clientCustomer. If required by the ContractorSupplier, the signatory will procure the execution by all Client Customer company directors of a guarantee to be prepared by or on behalf of the ContractorSupplier.