Common use of Obligations of the Parent Clause in Contracts

Obligations of the Parent. Each and every representation, warranty, covenant, agreement and other obligation of the Company made in this Agreement or to be made pursuant to this Agreement is hereby deemed to be and is hereby made jointly and severally by the Parent together with the Company, as direct, joint and several representations, warranties, covenants and agreements of the Parent and the Company. All provisions in this Agreement applicable to or referring to the Company shall also be applicable and shall be deemed to refer also to the Parent, mutatis mutandis. For greater certainty, the Parent is not the surety nor guarantor of the Company with respect to this Agreement but a direct, joint and several obligor to and in favour of the Consultant.