Common use of Continuing guarantee and indemnity Clause in Contracts

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.