Common use of Surety Clause in Contracts

Surety. The Surety hereby, under renunciation of the benefits of divisionis seu excussionis with the full meaning and effect of which he declares himself to be fully acquainted, binds himself as surety and co-principal debtor in solidum with the Lessee in favour of the Lessor for the due and punctual performance of the Lessee's obligations to the Lessor in terms of this agreement. No variation or amendment or novation of this agreement shall prejudice the surety obligation hereby undertaken by the Surety, the object being that the Surety shall at all times be liable as surety and co-principal debtor even if this agreement is varied or amended or novated and even if the Lessee is granted an indulgence by the Lessor.

Surety. The Surety hereby, under renunciation of the benefits of divisionis divisions seu excussionis with the full meaning and effect of which he declares himself to be fully acquainted, binds himself as surety and co-principal debtor in solidum with the Lessee in favour of the Lessor for the due and punctual performance of the Lessee's obligations to the Lessor in terms of this agreement. No variation or amendment or novation of this agreement shall prejudice the surety obligation hereby undertaken by the Surety, the object being that the Surety shall at all times be liable as surety and co-principal debtor even if this agreement is varied or amended or novated and even if the Lessee is granted an indulgence by the Lessor.