Common use of SURETYSHIP Clause in Contracts

SURETYSHIP. Where the Purchaser is a company, close corporation or trust, the Surety renouncing the benefits of excussion and division, the full meaning which he/she declares himself/herself to be fully acquainted with, hereby binds himself/herself as Surety and co-principal debtor with the Purchaser for all the latter’s obligations under this Agreement.

SURETYSHIP. Where the Purchaser is a company, close corporation or in terms of this trust, the Surety renouncing the benefits of excussion and division, the full meaning which he/she declares himself/herself to be fully acquainted with, hereby binds himself/herself as Surety and co-principal debtor with the Purchaser for all the latter’s obligations under this Agreement.

SURETYSHIP. Where the Purchaser is a company, close corporation or trust, the Surety renouncing the benefits of excussion and division, the full meaning which he/she declares himself/herself to be fully acquainted with, hereby binds himself/herself as Surety and co-co- principal debtor with the Purchaser for all the latter’s obligations under this Agreement.

SURETYSHIP. Where the Purchaser is a company, close corporation or trust, the Surety renouncing the benefits of excussion and division, the full meaning which he/she declares himself/herself to be fully acquainted with, hereby xxxxxx binds himself/herself as Surety and co-principal debtor with the Purchaser for all the latter’s obligations under this Agreement.