Common use of Performance by Guarantor Clause in Contracts

Performance by Guarantor. Without prejudice to the generality of Clause 1, if the Employer determines the employment of the Contractor under the provisions of the Contract the Guarantor may, at its option regardless of the existence of any dispute between the Employer and the Contractor, forthwith perform and observe or cause to be performed and observed, the obligations of the Contractor under the Contract to the extent that and subject to the terms as the Contractor would, but for the determination of its employment, have been liable to perform.

Appears in 2 contracts

Sources: Parent Company Guarantee, Parent Company Guarantee