Common use of SURETYSHIP Clause in Contracts

SURETYSHIP. Should the purchaser be a company, close corporation or trust or should the purchaser have nominated a company, close corporation or trust as purchaser in terms of 17, the signatory to this agreement warrants that he/she is duly authorised to enter into this agreement on behalf of the company, close corporation or trust and hereby binds himself/herself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser in terms of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she knows and understands.

SURETYSHIP. Should the purchaser be a company, company or close corporation or trust or should the purchaser have nominated a company, close corporation or trust third party as purchaser in terms of 1719, the signatory to this agreement warrants that he/she he is duly authorised to enter into this agreement on behalf of the company, company or close corporation or trust as the case may be and hereby binds himself/herself himself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser and the nominated purchaser in terms 19 if applicable in 19 of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she he knows and understands.

SURETYSHIP. Should the purchaser be a company, company or close corporation or trust or should the purchaser have nominated a company, company or close corporation or trust as purchaser in terms of 17clause 19 below, the signatory to this agreement warrants that he/she he is duly authorised to enter into this agreement on behalf of the company, close corporation or trust and hereby binds himself/herself himself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser in terms of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she he knows and understands.

SURETYSHIP. Should the purchaser be a company, company or close corporation or trust or should the purchaser have nominated a company, company or close corporation or trust as purchaser in terms of 17clause 16, the signatory to this agreement warrants that he/she he is duly authorised to enter into this agreement on behalf of the company, or close corporation or trust and hereby binds himself/herself himself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser in terms of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she he knows and understands.

SURETYSHIP. Should the purchaser Purchaser be a company, close corporation or trust or should the purchaser Purchaser have nominated a company, close corporation or trust as purchaser Purchaser in terms of 1719, the signatory to this agreement Agreement warrants that he/she is duly authorised to enter into this agreement Agreement on behalf of the company, close corporation or trust and hereby binds himself/herself as surety and co-co- principal debtor in favour of the seller Seller for all the obligations of the purchaser Purchaser in terms of this agreement Agreement (including any amounts which may become owing arising out of any breach of this agreementAgreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she knows and understands.

SURETYSHIP. Should the purchaser be a company, close corporation or trust or should the purchaser have nominated a company, close corporation or trust as purchaser in terms of 1719, the signatory to this agreement warrants that he/she is duly authorised to enter into this agreement on behalf of the company, close corporation or trust and hereby binds himself/herself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser in terms of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she knows and understands.

SURETYSHIP. Should the purchaser be a company, company or close corporation or trust or should the purchaser have nominated a company, company or close corporation or trust as purchaser in terms of 17Clause 19 below, the signatory to this agreement warrants that he/she he is duly authorised to enter into this agreement on behalf of the company, close corporation or trust and hereby binds himself/herself himself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser in terms of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus xxxx debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she he knows and understands.