Continuing guarantee and indemnity Clause Samples
A continuing guarantee and indemnity clause ensures that a guarantor’s obligations to cover another party’s debts or liabilities remain in effect over time, even as those debts or obligations change or are renewed. In practice, this means the guarantor is responsible not just for a single transaction, but for all present and future obligations of the debtor to the creditor, until the guarantee is explicitly revoked. This clause provides ongoing security to the creditor by covering fluctuating or recurring debts, thereby reducing the risk of non-payment or default over the course of a business relationship.
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Continuing guarantee and indemnity. This clause 11 is a continuing obligation of the Guarantor despite any settlement of account and remains in full force and effect until the obligations of the Seller under this agreement have been performed.
Continuing guarantee and indemnity. (a) This Clause 10 (AAB Guarantee) is a continuing obligation of Guarantor, despite Delivery of any Aircraft, and remains in full force and effect for so long as Seller has any liability or obligation to the Purchaser under any of this Agreement and until all of those liabilities or obligations have been fully discharged, regardless of any intermediate payment or discharge in whole or in part.
(b) Without prejudice to the generality of Clause 10.6 (Waiver of Defences), Guarantor expressly confirms that it intends that this guarantee shall extend from time to time to any (however fundamental) variation, increase, extension or addition of or to this Agreement.
(c) This guarantee is in addition to and is not in any way prejudiced by any other guarantee or security now or subsequently held by the Purchaser.
(d) If any discharge, release or arrangement (whether in respect of the obligations of Seller or any security for those obligations or otherwise) is made by the Purchaser in whole or in part on the basis of any payment, security or other disposition which is avoided or must be restored in insolvency, liquidation, administration or otherwise, without limitation, then the liability of Guarantor under this Clause 10 (AAB Guarantee) will continue or be reinstated as if the discharge, release or arrangement had not occurred.
Continuing guarantee and indemnity. The guarantee and indemnity herein shall be a continuing guarantee of the payment and performance of all the Guaranteed Obligations and a continuing indemnity for the payment of all indemnified amounts.
Continuing guarantee and indemnity. This clause 8:
(1) extends to cover this Agreement as amended, varied or replaced, whether with or without the consent of the Guarantor; and
(2) is a continuing guarantee and indemnity and, despite Completion, remains in full force and effect for so long as the Seller has any liability or obligation to the Purchaser under, or arising from, this Agreement and until all relevant Losses or obligations have been fully discharged.
Continuing guarantee and indemnity. This clause:
(a) is a continuing guarantee and indemnity;
(b) will not be taken to be wholly or partially discharged by the payment at any time of any Secured Moneys or by any settlement of account or other matter or thing; and
(c) remains in full force until the Secured Moneys have been paid in full and the Guarantors have completely performed their obligations under this Agreement.
Continuing guarantee and indemnity. This clause 16 is a continuing obligation of the Seller’s Guarantor, despite Completion, and remains in full force and effect for so long as the Seller has any liability or obligation to the Buyer under this agreement and until all of those liabilities or obligations have been fully discharged.
Continuing guarantee and indemnity. This clause 20 is a continuing obligation of the Buyer’s Guarantor, despite Completion, and remains in full force and effect for so long as a Buyer Entity has any liability or obligation to the Seller, any other Seller Group Member or other person under this agreement, the Transitional Services Agreement and until all of those liabilities or obligations have been fully discharged.
Continuing guarantee and indemnity. The Obligations of the Guarantor under this deed continue in effect and bind the Guarantor despite:
(a) the subsequent death, bankruptcy, receivership, liquidation, administration or other demise of the Buyer or the Guarantor;
(b) any indulgence, waiver or extension of time by the Seller to the Buyer or the Guarantor;
(c) any variation of the Contract;
(d) completion or non-completion of the Contract; or
(e) any other thing that may, but for this clause, have the effect of discharging or otherwise affecting the liability of the Guarantor under this Guarantee.
Continuing guarantee and indemnity. This clause 9 is a continuing obligation of the Payor Guarantor and remains in full force and effect for so long as the Payor has any liability or obligation to the Payee under this deed and until all of those liabilities or obligations have been fully discharged.
Continuing guarantee and indemnity. This clause 19:
(a) extends to cover this agreement as amended, varied or replaced, whether with or without the consent of the Seller Guarantor;
(b) is a principal obligation and is not to be treated as ancillary or collateral to another right or obligation;
(c) is independent of and not in substitution for or affected by any other security interest or guarantee or other document or agreement which the Buyer may hold concerning the Seller Guaranteed Obligations; and
(d) is a continuing guarantee and indemnity despite any intervening payment, settlement or other thing and extends to all of the Seller’s obligations arising from or in relation to this agreement and, despite Completion, remains in full force and effect for so long as the Seller has any liability or obligation to the Buyer under this agreement and until all of those liabilities or obligations have been fully discharged.