Surety. As additional security for its obligations under this PPP Agreement, the Private Party shall procure that each of the Shareholders shall, on or before the Signature Date, execute the Suretyship in terms of which each of the Shareholders shall bind itself as surety for the Private Party and co-principal debtor in solidum with the Private Party to SANParks for the due and punctual performance by the Private Party of its obligations under this PPP Agreement.
Appears in 18 contracts
Samples: Public Private Partnership Agreement, Public Private Partnership Agreement, Public Private Partnership Agreement
Surety. 21.1 As additional security for its obligations under this PPP Agreement, the Private Party shall procure that each of the Shareholders shall, on or before the Signature Date, execute the Suretyship in terms of which each of the Shareholders shall bind itself as surety for the Private Party and co-principal debtor in solidum with the Private Party to SANParks for the due and punctual performance by the Private Party of its obligations under this PPP Agreement.
Appears in 2 contracts
Samples: Public Private Partnership Agreement, Public Private Partnership Agreement
