Common use of CONTINUING SURETY Clause in Contracts

CONTINUING SURETY. This Surety Agreement shall be a continuing one and shall be binding upon Surety regardless of how long before or after the date hereof any of the Member Obligations were or are incurred. EXTENT OF SURETY’S LIABILITY. Surety’s liability hereunder shall be for the full amount recoverable by RWC from Member under the Membership Agreement and warranty and for the full amount recoverable by WPMIC from Member under the Membership Agreement and warranty, including, but not limited to, claim payments, costs of repairs, interest due on late payments or reimbursement by Member, and any costs, legal fees and expenses incurred by RWC and/or WPMIC in the enforcement of any Member Obligation and in the enforcement of this Surety Agreement.

Appears in 5 contracts

Sources: Membership Agreement, Membership Agreement, Membership Agreement

CONTINUING SURETY. This Surety Agreement shall be a continuing one and shall be binding upon Surety regardless of how long before or after the date hereof any of the Member Obligations were or are incurred. EXTENT OF SURETY’S LIABILITY. Surety’s liability hereunder shall be for the full amount recoverable by RWC from Member under the Membership Mem- bership Agreement and warranty and for the full amount recoverable by WPMIC from Member under the Membership Agreement and warranty, including, but not limited to, claim payments, costs of repairs, interest due on late payments or reimbursement by Member, and any costs, legal fees and expenses incurred by RWC and/or WPMIC in the enforcement of any Member Obligation and in the enforcement of this Surety Agreement.

Appears in 2 contracts

Sources: Membership Agreement, Membership Agreement

CONTINUING SURETY. This Surety Agreement shall be a continuing one and shall be binding upon Surety regardless of how long before or after the date hereof any of the Member Obligations were or are incurred. EXTENT OF SURETY’S LIABILITY. Surety’s liability hereunder shall be for the full amount recoverable by RWC MHWC from Member under the Membership Agreement and warranty and for the full amount recoverable by WPMIC from Member under the Membership Agreement and warranty, including, but not limited to, claim payments, costs of repairs, interest due on late payments or reimbursement by Member, and any costs, legal fees and expenses incurred by RWC MHWC and/or WPMIC in the enforcement of any Member Obligation and in the enforcement of this Surety Agreement.

Appears in 1 contract

Sources: Membership Agreement

CONTINUING SURETY. This Surety Agreement shall be a continuing one and shall be binding upon Surety regardless of how long before or after the date hereof any of the Member Obligations were or are incurred. EXTENT OF SURETY’S LIABILITY. Surety’s liability hereunder shall be for the full amount recoverable by RWC from Member under the Membership Member- ship Agreement and warranty and for the full amount recoverable by WPMIC from Member under the Membership Agreement and warranty, including, but not limited to, claim payments, costs of repairs, interest due on late payments or reimbursement by Member, and any costs, legal fees and expenses incurred by RWC and/or WPMIC in the enforcement of any Member Obligation and in the enforcement of this Surety Agreement.

Appears in 1 contract

Sources: Membership Agreement