Common use of SURETYSHIP Clause in Contracts

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. 19.1 23.1 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-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 23.2 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 23.3 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. 19.1 22.1 In the event of the signatory of the Purchaser to this agreement Agreement signing on behalf of a company, trust or close corporation, he hereby binds himself in favour of the seller Seller as surety and co-co- principal debtor in solidum, for the proper and timeous fulfillment fulfilment of all the terms and conditions of this agreement Agreement by the purchaser Purchaser for and on whose behalf he has entered into this agreementAgreement. The purchaser 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 22.2 The liabilities which might be forthcoming from this suretyship shall endure and remain in existence even if the seller Seller cancels the agreement Agreement in terms of the cancellation clause. 19.3 22.3 The signatory signing on behalf of a company, a close corporation or a trust hereby warrants that he is duly authorised by the purchaser Purchaser to sign as such and that all internal requirements pertaining to such authorisation has been complied with.

SURETYSHIP. 19.1 21.1 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-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 21.2 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 21.3 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.