SURETYSHIP. Any person who signs this agreement on behalf of the Purchaser do hereby bind himself as surety and co-principal debtor in solidum for and on behalf of the Purchaser to and in favour of the Seller and the Auctioneer for all the obligations of the Purchaser under this agreement and in particular for all amounts of money that may be due, including damages, from whatsoever cause arising under the renunciation of the benefits of division and exclusion. The said person declare that he fully understands this suretyship and waiver of benefits.
SURETYSHIP. Should the purchaser be a company, close corporation or trust or should the purchaser have nominated a company, close corporation or trust as purchaser in terms of 17, the signatory to this agreement warrants that he/she is duly authorised to enter into this agreement on behalf of the company, close corporation or trust and hereby binds himself/herself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser in terms of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she knows and understands.
SURETYSHIP. Each person signing or joining in this Contract as a Surety agrees in consideration of the Lender making the Loan to the Borrower, as follows: The Surety, with the Borrower, as principal debtor and not as surety will duly pay or cause to be paid all Indebtedness on the days and times and in the manner provided for payment of the same; The Surety unconditionally guarantees full performance and discharge of all the Indebtedness at the times and in the manner provided in this Contract; The Surety indemnifies and saves the Lender harmless from and against all losses, damages, costs and expenses which the Lender may sustain, or incur or be or become liable for by reason of: the failure for any reason whatsoever by the Borrower to pay the Indebtedness or to do and perform any other act, matter or thing required by the provisions of this Contract; or any act, action or proceeding, of or by the Lender, for, or in connection with, the recovery of the Indebtedness by the Borrower, or enforcing the performance by the Borrower or any other person liable under this Contract of any act, matter or thing required by the provision of this Contract; The Lender shall not be obliged to proceed against the Borrower or any other person liable under this Contract or to enforce or exhaust any security before proceeding to enforce the obligations of the Surety set out in this paragraph and that enforcement of such obligations may take place before, after or contemporaneously with enforcement of any of the Indebtedness or the enforcement of any security for any such Indebtedness; The Lender may, without notice to and the consent or approval of the Surety, grant extensions of time for payment, make renewals, increase, vary and amend the Interest Rate, the interest rate payable under the Credit Card Account, if any, the Loan and other terms of this Contract and the Indebtedness, release the whole or any part of the Hypothecated Property or other security from this Contract, or otherwise deal with the Borrower, any of the Indebtedness or the Hypothecated Property or other security as the Lender sees fit without releasing or lessening the liability of the Surety; The Surety agrees to be bound by each such renewal, variation and amendment of any terms of this Contract the Lender makes with the Borrower and each reference to this Contract in this Surety paragraph shall mean the Contract as so renewed and amended from time to time, regardless of whether made with or without the knowledge,...
SURETYSHIP. 19.1 In the event of the signatory to this agreement signing on behalf of a company, trust or close corporation, he hereby binds himself in favour of the seller as surety and co-principal debtor in solidum, for the proper and timeous fulfillment of all the terms and conditions of this agreement by the purchaser for and on whose behalf he has entered into this agreement. The purchaser waives the benefit of the exceptions non numeratae pecuniae and beneficium divisionis, the nature and extent of which he acknowledges to be familiar with.
19.2 The liabilities which might be forthcoming from this suretyship shall endure and remain in existence even if the seller cancels the agreement in terms of the cancellation clause.
19.3 The signatory signing on behalf of a company, a close corporation or a trust hereby warrants that he is duly authorised by the purchaser to sign as such and that all internal requirements pertaining to such authorisation has been complied with.
SURETYSHIP. The signatory to this Agreement, as the authorized representative of the Customer, hereby binds himself/herself to SADV as personal surety and as co-principle debtor in solidum with Customer for the due, punctual and proper fulfilment and performance by Customer of all its obligations in terms of this Agreement. The aforementioned signatory hereby renounces all benefits arising from the legal exceptions of non numerataepecuniae, non causa debiti, errore calculi and beneficioexcussionus et divisionis, with the force and effect of which he/she hereby declares himself/herself to be fully acquainted.
SURETYSHIP. This lease is subject to the suspensive condition that (full name of surety and co-principal debtor) becomes bound to the Lessor in writing on the terms of the draft document annexed to this lease (and being the (specify) schedule thereto) as surety and co-principal debtor for all the obligations of the Lessee to the Lessor under this lease as well as those arising in consequence of any termination thereof. If that condition remains unfulfilled by (specify time and date) or any later time and date agreed upon between the parties in writing, this lease shall not come into operation but shall be null and void save that the Lessee shall then solely bear and pay or reimburse the Lessor on demand with the costs of this lease and the Lessor’s expenses in reletting the Property, including any agent’s commission and advertising costs.
SURETYSHIP. Where the Purchaser is a company, close corporation or trust, the Surety renouncing the benefits of excussion and division, the full meaning which he/she declares himself/herself to be fully acquainted with, hereby binds himself/herself as Surety and co-principal debtor with the Purchaser for all the latter’s obligations under this Agreement.
SURETYSHIP. 10.3.1 We may, within our discretion and at any time, request the directors or members (as applicable) of the Business Client to sign a deed of suretyship, undertaking personal liability for amounts debited to the Business Control account and the cardholder account.
SURETYSHIP. 6.1 The suretyship type: guarantee mortgage.
6.2 Party A has liability to help Party B in signing surety contract (No. 29041100017101 and 29041100017102) with the surety party.
6.3 in case the surety is changed which may against the credit right of Party B, upon Party B’s notice, Party A shall provide other surety to Party B’s satisfaction.
SURETYSHIP. 23.1 If the signatory on behalf of the Purchaser or the signatory named in 2.1 of the Schedule of Particulars is not the Purchaser, then such signatory, by his signature hereto, hereby
23.1.1 binds himself as surety and co-principal debtor jointly and severally to the Developer for the due and property fulfilment of all the obligations of, and for the punctual payment of all sums of money which are or may become due by the Purchaser in terms of, or in connection with or arising in any way whatsoever out of this Agreement or any amendment or cancellation thereof;
23.1.2 renounces the benefits of excussion, division and cession of action, the full meaning and effect whereof he acknowledges that he knows and understands;
23.1.3 Should the Developer cede, assign and transfer its rights and delegate its obligations to a third party, then the Purchaser or the party who has bound himself/itself as surety and co-principal debtor in favour of the Developer, agrees to be bound as surety and co-principal debtor in favour of the third party to whom the Developer has transferred its rights and delegated its obligations.
23.2 Should the Developer so require, the Purchaser shall procure the signature of a Suretyship in a form and by a third party acceptable to the Developer, guaranteeing the obligations of the Purchaser in terms of this Agreement. Such Suretyship, properly completed and signed shall be delivered to the attorneys within five (5) working days of demand therefore.
