Suretyship definition

Suretyship the deed of suretyship which shall be executed by each of the Shareholders in favour of SANParks as more specifically set out in Schedule 23; 2.1.93 “Termination Amount” - the amount payable by a Party on termination of this PPP Agreement in terms of this PPP Agreement; 2.1.94 “Termination Date” - any date of termination of this PPP Agreement, in accordance with its terms; 2.1.95 “Treasury Regulations” - the Treasury Regulations issued under the PFMA that apply to SANParks and/or this PPP Agreement; 2.1.96 “Transferrable Licenses Intellectual Property” - any Licensed Intellectual Property that the Private Party is entitled to transfer to SANParks; 2.1.97 “ Utilities” - facilities such as water, electricity, sewage, gas and telecommunications and, where appropriate, includes relevant provider thereof; 2.1.98 “Utility Charges” - charges or fees in respect of consumption of the Utilities used at the AENP Xxxx Braai Facility as provided by SANParks, the Relevant Authority or any other supplier; 2.1.99 “Variable PPP Fee” - that portion of the PPP Fee that is a percentage of the Gross Revenue of the Private Party, which percentage is detailed in Clause 19 and Schedule 6; 2.1.100 “VAT” - value added tax, as defined in the VAT Act or any similar tax which is imposed in place of or in addition to such tax; and 2.1.101 “VAT Act” - Value Added Tax Act, No. 89 of 1991, as amended form time to time.

Suretyship the deed of suretyship which shall be executed by each of the Shareholders in favour of SANParks as more specifically set out in Schedule 23; 2.1.92 “Termination Amount” - the amount payable by a Party on termination of this PPP Agreement in terms of this PPP Agreement; 2.1.93 “Termination Date” - any date of termination of this PPP Agreement, in accordance with its terms; 2.1.94 “Treasury Regulations” - the Treasury Regulations issued under the PFMA that apply to SANParks and/or this PPP Agreement;

Suretyship means your agreement with us as set out in this document. If this document is amended in any way, the word “Suretyship” means the agreement as amended.

Examples of Suretyship in a sentence

• As additional security for its obligations under this PPP Agreement, the Private Party shall procure that each of the Shareholders shall, on or before the Signature Date, execute the Suretyship in terms of which each of the Shareholders shall bind itself as surety for the Private Party and co-principal debtor in solidum with the Private Party to SANParks for the due and punctual performance by the Private Party of its obligations under this PPP Agreement.

• A future obligation may be secured with a suretyship only if the obligation is sufficiently defined.(3) Suretyship may be of a limited term or amount or related to another condition.(4) The validity of a suretyship shall not depend on the relationship between the principal obligor and the surety.

• In the event of the Lessee being a Company / Close Corporation, at the date of signature of this Offer to Lease then the Lessee warrants that its Directors / Shareholders / Members shall bind themselves as sureties and co- principal debtors in solidum with the Lessee for the due performance of the Lessee’s obligations, in terms of the Lessor’s standard Deed of Suretyship.

• The voucher, check or other evidence of any payment made by Surety or Producer, by reason of such Suretyship, shall be conclusive evidence of such payment in any lawsuit against you both as to the propriety of such payment and as to the extent of your liability to Surety for such payment.

• By execution of this Amendment, each Guarantor hereby covenants and agrees that each of its respective Guaranty and Suretyship Agreements, dated September 14, 2011, shall remain in full force and effect and shall continue to cover the existing and future Obligations of Borrowers to Agent and Lenders.

More Definitions of Suretyship

Suretyship means each and every suretyship issued in consequence to this Agreement, whether attached hereto or done separately;

Suretyship means the Second Amended and Restated Guaranty and Suretyship dated the date hereof executed and delivered by the Parent in favor of the Lenders, pursuant to which the Parent guaranteed and became surety for the prompt payment and performance of the Obligations, and any future amendments, restatements, modifications or supplements thereof or thereto.

Suretyship means the relationship created by this Agreement in which the Defendant pays the amount of the Premium in exchange for Xxxxxx’x assuming the entire amount of the bond owed to the court if the Defendant fails to appear or skips bail.

Suretyship the deed of suretyship which shall be executed by each of the Shareholders in favour of SANParks as more specifically set out in Schedule 23;

Suretyship the deed of suretyship which shall be executed by each of the Shareholders in favour of SANParks as more specifically set out in Schedule 23; 2.1.91 “Termination Amount” - the amount payable by the Private Party on termination of this PPP Agreement in terms of Clause 27.8; 2.1.92 “Termination Date” - any date of termination of this PPP Agreement, in accordance with its terms; 2.1.93 “Treasury Regulations” - the Treasury Regulations issued under the PFMA that apply to SANParks and/or this PPP Agreement; 2.1.94 “Transferrable Licenses Intellectual Property” - any Licensed Intellectual Property that the Private Party is entitled to transfer to SANParks; 2.

Suretyship means any agreement, undertaking or other contractual arrangement (but excluding completion and performance bonding in the course of business) by which any Person guarantees, endorses or or is contingently upon (by direct or indirect agreement. Contingent or otherwise, to provide funds for payment, to supply funds to or otherwise to invest in a debtor, or otherwise to assure a creditor against loss) any indebtedness, obligation or other (including accounts payable) of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person, The amount of any Person’s under any Suretyship Liability shall (subject to any set forth therein) be deemed to be the principal amount of the indebtedness, or other liability guaranteed thereby.

Suretyship means the relationship between the Surety, Principal and the court.