Contracts of Surety Sample Clauses
A Contracts of Surety clause defines the obligations and responsibilities of a surety, who guarantees the performance or payment obligations of another party, typically the principal, to a third party, often the obligee. In practice, this clause outlines the conditions under which the surety becomes liable, such as if the principal defaults on their contractual duties, and may specify the extent of the surety's liability and any limitations or requirements for claims. The core function of this clause is to provide assurance to the obligee that contractual obligations will be fulfilled, thereby allocating risk and enhancing trust in the contractual relationship.
Contracts of Surety. Except for the endorsements of Borrower of negotiable instruments for deposit or collection in the ordinary course of business, Borrower is not a party to any contract of guaranty or surety.
Contracts of Surety. Except for the endorsements of Borrower or a Subsidiary of negotiable instruments for deposit or collection in the ordinary course of business and except the Guaranty, neither Borrower nor any Subsidiary is a party to any contract of guaranty or surety.
Contracts of Surety. Except for the endorsements of Borrower and its Subsidiaries of negotiable instruments for deposit or collection in the ordinary course of business and except for guaranties of trade debt of Subsidiaries and other operating obligations of Subsidiaries incurred in the ordinary course of business, neither Borrower nor its Subsidiaries is a party to any contract of guaranty or surety.
Contracts of Surety. Except for: (i) the endorsements of Grantor of negotiable instruments for deposit or collection in the ordinary course of business; (ii) a guarantee made between the Grantor and Oak Street Funding LLC and dated March 19, 2004; And (iii) a guarantee made between the Grantor and FCC, LLC, d/b/a First Capital and dated June 3, 2004, Grantor is not a party to any contract of Guarantee or surety.
Contracts of Surety. 33 4.19. Licenses.......................................................................................33 4.20.
Contracts of Surety. 15 Section 4.17 Licenses......................................................15 Section 4.18 Compliance with Law...........................................16 Section 4.19
Contracts of Surety. Except for the endorsements of Grantor of negotiable instruments for deposit or collection in the ordinary course of business, Grantor is not a party to any contract of guaranty or surety.
Contracts of Surety. (Deleted)
Contracts of Surety. Except for the endorsements of the Target, Borrower or a Subsidiary of negotiable instruments for deposit or collection in the ordinary course of business, neither the Target, Borrower nor any Subsidiary is a party to any contract of guaranty or surety.