Examples of Guarantee and Indemnity in a sentence
See Annexure “A” – Special Conditions See Annexure “B” – Guarantee and Indemnity SETTLEMENT SETTLEMENT DATE: 13 December 2024 ■ or any later date for settlement in accordance with clauses 6.2, 6.3, 10.5, 11.4 or any other provision of this Contract.
Landlord's Forbearance Any act of leniency or granting of time by the Landlord in enforcing payment or compliance with the Tenancy Agreement does not release the Guarantor from their obligations under this Guarantee and Indemnity.
Before signing this Guarantee and Indemnity, we recommend you: • read it carefully; • obtain legal advice; • obtain independent financial advice; and • make your own inquiry about the credit worthiness, financial position, and honesty of the Applicant.
If there are two or more Guarantors then the obligation under this Guarantee and Indemnity binds them jointly and each of the severally.
The obligations of the Guarantor under this Guarantee and Indemnity are principal obligations imposed upon the Guarantor as principal debtor, and we have the right to make a claim or demand against the Guarantor pursuant to this Guarantee and Indemnity without having first taken any proceedings against the Renter or any other person.