Common use of Replacement Guarantor Clause in Contracts

Replacement Guarantor. If Your Guarantor becomes Insolvent or dies You must notify Us immediately. Within 20 working days of the insolvency or death You must arrange for a replacement guarantor who is satisfactory to Us (acting reasonably) to enter into a deed with Us in which the new guarantor agrees to perform the obligations set out in Section 9 of this tenancy. You will be responsible for any costs that We may incur as a result of this.

Appears in 5 contracts

Samples: Tenancy Agreement, Retail Partnership Tenancy, Tenancy Agreement

AutoNDA by SimpleDocs

Replacement Guarantor. If Your Guarantor becomes Insolvent or dies You must notify Us immediately. Within 20 working days of the insolvency or death You must arrange for a replacement guarantor who is satisfactory to Us (acting reasonably) to enter into a deed with Us in which the new guarantor agrees to perform the obligations set out in Section 9 of this tenancylease. You will be responsible for any costs that We may incur as a result of this.

Appears in 2 contracts

Samples: Publican Partnership Incentive Lease, Publican Partnership Investment Lease

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!