Joint and Several Guarantee Sample Clauses

Joint and Several Guarantee. Where the Guarantee and Indemnity is given by more than one entity the obligations on the part of the Guarantor contained in this Deed take effect as joint and several obligations and references to the Guarantor take effect as references to those persons or any of them. None of them will be released from liability under this Deed by reason of: any other Guarantor not executing this Deed; this Deed ceasing to be binding on any other Guarantor; or the Insolvency of any other Guarantor; and the release by the Principal of any Guarantor from this Deed (or any part of it) will not affect the liability of the Guarantor.

Joint and Several Guarantee. To secure all indebtedness owed by the Borrower in accordance with this Agreement, the Guarantor agrees to serve as the Borrower’s guarantor with joint and several liability. The Guarantor shall be jointly liable together with the Borrower in relation to all indebtedness owed by the Borrower under this Agreement (including but not limited to all costs, expenses and relevant fees incurred from the security or enforcement of the interest under this Agreement and Security Documents) for the full repayment to the Banking Syndicate.

Joint and Several Guarantee. ①The Indemnitor(s) warrant(s) the Company that the Indemnitor(s) shall jointly and severally guarantee the full performance of the Principal's obligations and duties to the Company under this Agreement. ②The Indemnitor(s) agrees that any collateral(s) and/or other Indemnitor(s) provided to the Company may be substituted or cancelled by the Company in case it is deemed necessary for the transaction of the Company. ③The Indemnitor(s) shall notify the Company immediately when any change is made to his/her/their name, address, company name and contact information and/or in case a Loss Event occurs or is expected to occur. ④When any of the following occurs, the Company shall notify the Indemnitor(s) in writing, which shall be sent to the most recent address notified by the Indemnitor(s). However, when it can be identified by the Company that the Indemnitor(s) has relocated from the previously notified address to a new address through an abridged copy of resident registration or a copy of corporate registration certificate, the Company shall send notification to the new address. 1. A claim(s) is filed due to an occurrence of a Loss Event. 2. The Principal has not performed the obligations for the Company stipulated in paragraph ① of Article 3(Indemnification for Loss and Expenses) for 1 month or longer. ⑤In relation to paragraph ④, if the Company has any record which can verify that the Company has notified the Indemnitor(s), the notification shall be presumed to have been sent, and when the time generally required for the delivery has elapsed, the notification shall be deemed to have been delivered.

Joint and Several Guarantee. Where this Guarantee is given by more than one person, the obligations on the part of the Guarantor contained in this Guarantee take effect as joint and several obligations and references to the Guarantor take effect as references to those persons or any of them. This Guarantee binds each of the persons executing it notwithstanding that any one or more of the persons named in this Guarantee as Guarantor does not execute, or is not or ceases to be bound by this Guarantee, or the Seller does not execute or only subsequently executes this Guarantee. A release by the Seller of any Guarantor from this Guarantee will not affect the liability of the other Guarantors.

Joint and Several Guarantee. 1. The Borrower shall cause the Guarantor to execute the Letter of Guarantee on the date of this Agreement substantially in the form of Schedule 10, by which the Guarantor jointly and severally guarantee (hereinafter such guarantee shall be referred to as the "Guarantee" and obligations under the Guarantee shall be referred to as the "Guarantee Obligation") jointly with the Borrower in relation to any present and future obligations owed by the Borrower to each Lender and the Agent under this Agreement (including, but not limited to, any Agent Fee) and shall deliver it to the Agent on the same date. 2. The Agent shall act in accordance with the instructions of the Majority Lenders when demanding the performance of the Guarantee Obligations and shall not be liable for not making any such demand until so instructed by the Majority Lenders. Any amount received through the performance of the Guarantee Obligations shall be distributed to each Lender by the Agent in accordance with Clause 16.

Joint and Several Guarantee. 7.1 Where this guarantee is given by more than one person, the obligations on the part of the Guarantors contained in this guarantee take effect as joint and separate obligations, and references to the Guarantors take effect as references to those persons jointly, any combination of them, and to any one of them. 7.2 None of those Guarantors will be released from liability under this Guarantee by reason of any other Guarantor not executing this guarantee, or this guarantee ceasing to be binding as a continuing security on any other Guarantor and the release by the Beneficiary of any Guarantor from this guarantee will not affect the liability of the other Guarantors.

Joint and Several Guarantee. Each of the Companies unconditionally and irrevocably guarantees to and undertakes with the Security Agent (as trustee for the Secured Parties) both severally and also jointly with each of the other Companies that it will pay and discharge to the Security Agent on demand all monies, obligations and liabilities of any nature which are now or at any time hereafter may be or become due or owing by any other Company to any of the Agents or any of the Lenders under or pursuant to any of the Financing Documents (including damages for breach thereof) and any other liabilities, whether actual or contingent, now existing or hereafter incurred by any other Company to any of the Agents or any of the Lenders under or pursuant to any of the Financing Documents (whether in any such case due, owing or incurred by the relevant person alone or jointly with any other person(s) and in whatever name, form or style and whether as principal or surety) (except in any such case any monies, obligations and liabilities, due, owing or incurred by such other Company as Guarantor for the Company concerned) (all such monies, obligations and liabilities being referred to herein as the "GUARANTEED OBLIGATIONS") and each Company undertakes jointly and severally that if any other Company fails for any reason punctually to perform such of the Guaranteed Obligations or any of them as it is liable to perform, each Company shall cause every such payment to be made within five (5) Banking Days of receipt by such Company of a written demand from the Security Agent as if such Company were itself expressed in the relevant Financing Document to be the primary obligor with regard to the relevant Guaranteed Obligations Provided however that the amounts payable by Amethyst (but without affecting the liabilities of the other Companies under this Deed) shall be limited to the aggregate of amounts generated by the Shares including all realisations received by the Security Agent or by any delegate thereof or receiver, receiver and manager or administrative receiver or similar person by virtue of any enforcement of the Share Charges.

Joint and Several Guarantee. The CORPORATION reserves the right to require the COMPANY to sign a Joint and Several Guarantee that embodies the entire promise of the Guarantors to personally guarantee Grantee’s repayment pursuant to the requirements and obligations of the Grant Program.

Joint and Several Guarantee. The Guarantee was assumed as directly enforceable, with a waiver of the benefit of discussion. The Guarantor waives the defense of voidability, as per § 770, para. 2 BGB, unless the Principal Debtor’s defense and/or counterclaim is undisputed or legally established. The Guarantor may not derive any rights from the nature or time of recovery of other collateral or from the issuance of such collateral. The Bank is not obliged first to claim other collateral before making a claim against the Guarantors. No objection may be derived from the fact that the Bank approves an extension or partial payment for the Principal Debtors, without the Guarantor’s knowledge.