Examples of Contract Guarantor in a sentence
If Student fails to make any payment under this Contract, Guarantor will, upon demand, make such payment to University or University’s agent.
If at any xxxx Xxxxxx fails, neglects or refuses to timely or fully perform any of the Obligations as provided in the Contract, Guarantor shall promptly perform or cause to be performed such Obligation upon receipt of written notice of such default and demand for performance from Owner.
Where the Customer has stipulated in the Contract Order Form that this Contract shall be conditional upon receipt of a Contract Guarantee, then, on or prior to the Contract Commencement Date or on any other date specified by the Customer, the Supplier shall deliver to the Customer: an executed Contract Guarantee from a Contract Guarantor; and a certified copy extract of the board minutes and/or resolution of the Contract Guarantor approving the execution of the Contract Guarantee.
If Student otherwise breaches this Contract, Guarantor will, upon demand: (1) cure the breach as this Contract may require of Student; or (2) compensate University for University’s loss resulting from the breach.
Guarantor agrees that this Guaranty shall be binding upon Guarantor without any further notice of acceptance hereof, and that same shall be deemed to have been accepted by the execution of the Contract; and that immediately upon each and every default by Bead Store under the Contract, Guarantor shall pay to Cherry Tree Beads the sum or sums in default and shall comply with and perform all the terms, covenants and conditions of the Contract that are binding upon Bead Store.
Notwithstanding the foregoing, the liability of Guarantor hereunder shall be limited to direct, actual damages and, unless expressly provided in the Gas Contract, Guarantor shall not be liable for consequential, incidental, punitive, exemplary or indirect damages, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, in tort, contract or otherwise, or any penalties or charges assessed by any person or entity for the unauthorized receipt of gas.
The Supplier warrants and represents to the Authority for the benefit of the Authority that as at the DMP Commencement Date the long term credit ratings issued for the Supplier [and Dynamic Marketplace Guarantor/ [and Contract Guarantor]] by each of the Rating Agencies are as set out in Annex 2.
The Supplier shall promptly notify (or shall procure that its auditors promptly notify) the Authority in writing if there is any downgrade in the credit rating issued by any Rating Agency for either the Supplier [or the Dynamic Marketplace Guarantor/ [ and Contract Guarantor]] (and in any event within five (5 )Working Days of the occurrence of the downgrade).