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 lease. You will be responsible for any costs that We may incur as a result of this. SECTION 10

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 leasetenancy. You will be responsible for any costs that We may incur as a result of this. SECTION 10.

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 leasetenancy. You will be responsible for any costs that We may incur as a result of this. SECTION 10

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 leasetenancy. You will be responsible for any costs that We may incur as a result of this. SECTION 10Sample