SURETYSHIPS AND GUARANTEES. No Shareholder shall be obliged to provide any guarantees and/or suretyships and/or indemnities (and/or any similar instruments or obligations), requested by a third party for any loans to the Company, for any other transaction entered into by the Company or for any other obligation of the Company. If, however, at any time a Shareholder gives any guarantee and/or suretyship and/or indemnity (or any similar instrument or obligation) to any Person in respect of any obligations of the Company and if such guarantee and/or suretyship and/or indemnity (or other similar instrument or obligation) was given with the written consent of the remaining Shareholders, then any Loss which may be sustained in terms of any such guarantee and/or suretyship and/or indemnity (or other similar instrument or obligation) shall be borne by all the Shareholders pro rata to their respective shareholdings in the Company irrespective of the terms and conditions of such guarantee and/or suretyship and/or indemnity (or other similar instrument or obligation), and the Shareholders indemnify each other accordingly.
SURETYSHIPS AND GUARANTEES. 12.1. No Shareholder shall be obliged to give any Guarantee or Suretyship or Indemnity for the Company’s obligations.
SURETYSHIPS AND GUARANTEES. ColorSmart shall forthwith after closing secure the release of the Shareholder and/or any other person from any suretyships and/or guarantees which may have been given in respect of any obligations of Stonehouse and does hereby further Indemnify the Shareholder and/or any other person in respect of any liability which he or they may have under such suretyships and/or guarantees until ColorSmart has procured the said release.
SURETYSHIPS AND GUARANTEES. Subject always to the provisions of the Finance Documents and the PPP Agreement:
