Common use of AND INDEMNITY Clause in Contracts

AND INDEMNITY. 5.1 The Guarantor guarantees to the Landlord that: 5.1.1 the Applicant shall pay the Rent reserved by the Tenancy Agreement and that throughout the Tenancy Period the Applicant shall observe and perform the Tenant’s other obligations in the Tenancy Agreement; and 5.1.2 if the Applicant fails to pay any Rent the Guarantor will pay it to the Landlord within 14 days of demand; and 5.1.3 if the Applicant fails to observe and perform the Tenant’s other obligations in the Tenancy Agreement, the Guarantor shall within 14 days of demand pay to the Landlord any default charges and/or Damages that the Tenant is liable to pay as a result of such failure. 5.2 As a separate and independent primary obligation, the Guarantor covenants with (promises) the Landlord to indemnify (safeguard) the Landlord against and compensate the Landlord for any failure by the Applicant to pay Rent or observe or perform any of the Tenant’s obligations in the Tenancy Agreement.