Common use of COMPANY / CLOSE CORPORATION Clause in Contracts

COMPANY / CLOSE CORPORATION. If this Agreement is signed as Purchaser by a person purporting to act for and on behalf of a company, close corporation or trust (other than a company not yet formed), the signatory shall be deemed to warrant that the signatory is duly authorised so to sign this Agreement and shall by the signatory's signature hereto bind himself thereto in favour of the Seller as surety and co-principal debtor together with such Company or close corporation under renunciation of the benefits of division, excussion and cession of action, for the due performance of all the obligations of the said company, close corporation or trust in terms of or arising out of this Agreement or any cancellation hereof.

COMPANY / CLOSE CORPORATION. If this Agreement is signed as Purchaser by a person purporting to act for and on behalf of a company, close corporation or trust (other than a company not yet formed), the signatory shall be deemed to warrant that the signatory is duly authorised so to sign this Agreement and shall by the signatory's signature hereto bind himself thereto in favour of the Seller as surety and co-co- principal debtor together with such Company company or close corporation under renunciation of the benefits of division, excussion and cession of action, for the due performance of all the obligations of the said company, company or close corporation or trust in terms of or arising out of this Agreement or any cancellation hereof.