Common use of Supporting guarantee Clause in Contracts

Supporting guarantee. i. The buyer must procure that a guarantee in the form attached to the Terms and Conditions is executed and returned to Mico as soon as possible, on the terms set out in the guarantee (including as to seeking or waiving independent legal advice). ii. The buyer acknowledges and agrees that, to the extent that any guarantee of any Secured Money or any other obligations owing by the buyer to Mico or any Related Company is in existence prior to the date that the Terms and Conditions come into effect, the buyer will procure that such guarantee will remain in full force and effect in respect of such Secured Money or other obligations.