Construction Guarantor definition
Examples of Construction Guarantor in a sentence
This Guarantee may not be assigned by the Construction Guarantor.
If Construction Guarantor is comprised of more than one Person, then each such Person shall be jointly and severally liable for the obligations and liabilities of Construction Guarantor hereunder.
This Guarantee shall enure to the benefit of, and be binding on, Owner and Construction Guarantor and their respective permitted successors and assigns.
Owner and Construction Guarantor each reserve the right to require any person executing this Guarantee on behalf of the other party to provide proof, in a form acceptable to Owner or Construction Guarantor, as applicable, that they have the requisite authority to execute this Guarantee on behalf of and to bind Owner or Construction Guarantor, as applicable.
Construction Guarantor acknowledges that, if judgment is granted on an action or proceeding commenced under this Guarantee, the obligations of Construction Guarantor to Owner do not merge with or end Construction Guarantor’s obligations hereunder.