Common use of SURETYSHIP Clause in Contracts

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. 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 PropertyPremises, including any agent’s commission and advertising costs.