Common use of ACKNOWLEDGE Clause in Contracts

ACKNOWLEDGE. 2.1 The Company may at any time in its discretion and without giving notice refuse credit to the Applicant. 2.2 My/our agreement to be bound under this Guarantee is as a principal debtor(s) so that my/our liability under this Guarantee shall not be released by any delay or other indulgence or concession which the Company may grant to the Applicant or any compromise which the Company may reach or variation the Company may agree with the Applicant or with me or with any of us, or by any other act, matter, circumstance or law whereby I/we would but for the provisions in this clause have been released from my/our liability under this Guarantee. 2.3 I/we will not in any way compete with the Company in the event of bankruptcy or liquidation of the Applicant. 2.4 This Guarantee is in addition to, and not in substitution for, any other security or rights which the Company may presently have or may subsequently acquire and this Guarantee may be enforced against each of us without recourse to any such securities or rights and without making demand or taking proceedings against the Applicant or the other of us. 2.5 This Guarantee shall bind our respective personal representatives. 2.6 The Company may, in the event of default in payment by the Applicant or any of the Guarantor(s) complete and register an all obligations mortgage (in the all obligations form approved by the Registrar General of Land at the time of registration) and/or caveat at my/our cost over any of my/our property the address of which is given on this form, to secure moneys owed by me/us to the Company under this Guarantee and for that purpose I/we hereby mortgage that property with this obligation and I/we irrevocably appoint each director of the Company severally as my/our attorneys for the purpose of signing and registering the mortgage and/or lodging a caveat over that property.

ACKNOWLEDGE. 2.1 The Company may at any time in its discretion and without giving notice refuse further credit to the Applicant.; 2.2 My/our agreement to be bound under this Guarantee is as a principal debtor(s) so that my/our liability under this Guarantee shall not be released by any delay or other indulgence or concession which the Company may grant to the Applicant or any compromise which the Company may reach or variation the Company may agree with the Applicant or with me or with any of us, or by any other act, matter, circumstance or law whereby I/we would but for the provisions in provision of this clause have been released from my/our liability under this the Guarantee.; 2.3 I/we will not in any way compete with the Company in the event of bankruptcy or liquidation of the Applicant.; 2.4 This Guarantee guarantee is in addition to, and not in substitution for, any other security or rights which the Company may presently have or may subsequently acquire and this Guarantee guarantee may be enforced against each of us without recourse to any such securities or rights and without making demand or taking proceedings against the Applicant or the other of us.; 2.5 This Guarantee guarantee shall bind our respective personal representatives. 2.6 The Company may, in the event of default in payment by the Applicant or any of and the Guarantor(s) complete and register an all obligations mortgage (in the all obligations form approved by the Registrar General of Land at the time of registration) and/or caveat at my/our cost over any of my/our property the address of which is given on this form, to secure moneys owed by me/us the Applicant to the Company under this Guarantee and for that purpose I/we hereby mortgage charge that property with this obligation and I/we irrevocably appoint each director the directors of the Company severally as my/our attorneys for the purpose of signing and registering completing the mortgage and/or lodging a caveat over that propertycaveat.