Guarantee and Indemnity definition

Guarantee and Indemnity means the guarantee and indemnity (if any) entered into by the Buyer in respect of its application for commercial credit with the Seller;

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Guarantee and Indemnity means each of guarantee and indemnity given by the Guarantor in the Personal/Directors Guarantee and Indemnity Form and in clause 23 of these terms and conditions.

Guarantee and Indemnity means the guarantee and indemnity in favour of the Company annexed to any relevant credit application between You and the Company.

Examples of Guarantee and Indemnity in a sentence

If, at any time, any provision of this Guarantee and Indemnity is or becomes illegal, invalid or unenforceable in any respect under any law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability of such provision under the law of any other jurisdiction will in any way be affected or impaired.
The rights and remedies provided in this Guarantee and Indemnity are cumulative and not exclusive of any rights or remedies provided by law.
This Guarantee and Indemnity may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy of this Guarantee and Indemnity.
The amount payable by the Guarantor under this indemnity will not exceed the amount it would have had to pay under this Clause 17 (Guarantee and Indemnity) if the amount claimed had been recoverable on the basis of a guarantee.
Upon the termination of that guaranty, BTC shall obtain, and bear the costs of obtaining, a guaranty from Barclays Bank PLC or another entity, the creditworthiness of which is reasonably satisfactory to the Board of Trustees or Board of Directors (as applicable) of the Company, pursuant to which the guarantor will indemnify the Funds for losses due to a Borrower default on terms that are consistent in all material respects with the existing Guarantee and Indemnity by Barclays Bank PLC.

More Definitions of Guarantee and Indemnity

Guarantee and Indemnity means this full document entitled “Guarantee and Indemnity”; and

Guarantee and Indemnity means the guarantee and indemnity dated 7 December 2011 between the Guarantors and the Security Trustee.

Guarantee and Indemnity means the guarantee and indemnity contained in clause 26 of this agreement and each other provision of this agreement applying to the guarantor.

Guarantee and Indemnity means the guarantee and indemnity in clause 24;

Guarantee and Indemnity means any guarantee or indemnity given to the Owner for the due performance by the Renter of its obligations under this Rental Agreement and includes any guarantee incorporating the provisions of clause 20 of this Rental Agreement.

Guarantee and Indemnity has the meaning given to it pursuant to clause 8 of this Agreement.

Guarantee and Indemnity means the Personal Guarantee and Indemnity which is attached to the Application; “Guarantor” means each of the persons who executed the Guarantee and Indemnity;