Substitution of Surety. 37 3.21 Indemnities .......................................................38 3.22
Substitution of Surety. Within fourteen days of the death during the term of any surety for the time being for the performance and observance of the Tenants covenants or of such person becoming bankrupt or having a receiver appointed under the Mental Health Act 1983 or being a compxxx xxxsing a resolution to wind up or entering into liquidation or having a receiver appointed to give notice of this to the Landlord AND if so required by the Landlord at the expense of the Tenant within twenty-eight days to procure some other person reasonably acceptable to the Landlord to execute a deed of guarantee in respect of the Tenant's obligations contained in this Lease in the form of the Surety's covenants set out n Schedule 4
Substitution of Surety. 8. It is further expressly agreed by and between the Student and the Sureties and the Government that if at any time during the currency of this Agreement either of the Sureties shall die or shall become insolvent or lacks capacity within the meaning of the Mental Capacity Act (Cap 177A) (the duty of reporting any such events to the Government being hereby placed on the Student) then and in such an event the Student and the remaining Surety or either of them shall notify the Government immediately of the happening of such event and shall, within one month of such notification, substitute a new Surety who is acceptable to the Government and who shall be ready and willing to substitute for and take over the obligations contained in this Agreement of the Surety who has died, has become insolvent or lacks capacity.
Substitution of Surety. 3. It is hereby agreed and declared that if at any time during the currency of this Agreement, either of the SURETIES shall die or shall be adjudged a bankrupt or lacks capacity within the meaning of the Mental Capacity Act (Cap 177A) (the duty of reporting any such events to the INSTITUTION being hereby placed on the SCHOLAR), then and in such an event the SCHOLAR and the other surety or either of them shall substitute another surety who shall be to the satisfaction of the INSTITUTION and who shall be ready and willing to substitute for and take over the obligations under the Agreement of the surety who is dead, adjudged a bankrupt or lacks capacity. Scholar’s Obligations and the Institution’s Rights
Substitution of Surety claims against defunct companies. If any surety company is placed in receivership or ceases to do business in the particular State, the Veterans Service Center Manager will take the necessary action to have proper bonds substituted in Federal fiduciary cases and refer the matter to the Regional Counsel for such other action as may be appro- priate. (Authority: 38 U.S.C. 501) [40 FR 54250, Nov. 21, 1975] § 13.106 Investments by court-ap- pointed fiduciaries. The Veterans Service Center Man- ager will review and to the extent pos- sible determine the legality and pru- dence of investments involving Depart- ment of Veterans Affairs income or es- xxxx. It is Department of Veterans Af- fairs policy to invest income or estate derived from Department of Veterans Affairs benefits only in legal invest- ments which have safety, assured in- come, stability of principal and ready convertibility for the requirements of the beneficiary and his or her depend- ents. When notice of a contemplated or actual illegal or imprudent investment comes to the attention of the Veterans Service Center Manager, he or she will take remedial action to protect the beneficiary’s estate. Cases in which it becomes necessary to institute court action will be referred to the Regional Counsel. (Authority: 38 U.S.C. 501) [40 FR 54250, Nov. 21, 1975] 38 CFR Ch. I (7–1–18 Edition)
