This Guarantee Clause Samples
This Guarantee i. shall be a continuing security for the payment of all moneys and liabilities whatsoever from time to time owing (whether actually or contingently) by the Charterer to you under sections 8.11(a) and 8.11(b) of the Charter and shall not be satisfied by any intermediate payment or satisfaction of any part of such moneys or liabilities;
ii. shall be in addition to, and shall not be prejudiced or affected by, any other security for the obligations of the Charterer which may be from time to time held by you; and
iii. shall not be discharged or prejudiced by any time or concession given by you to the Charterer or any other party, by any variation of or supplement to the Charter or by anything which you may do or omit to do or by any other dealing or thing whatsoever which, but for the provisions of this paragraph 5, might operate to discharge me from liability.
This Guarantee. 7.1 shall expire on the Expiry Date until which time it is irrevocable;
7.2 is, save as provided for in 5.3 above, personal to the Employer and is neither negotiable nor transferable;
7.3 shall be returned to the Guarantor upon the earlier of payment of the full Guaranteed Sum or expiry hereof;
7.4 shall be regarded as a liquid document for, firstly, the purpose of demonstrating and/or determining the amount due by the Guarantor to the Employer and, secondly, obtaining any court order; and
7.5 shall be governed by and construed in accordance with the law of the Republic of South Africa and shall be subject to the jurisdiction of the Courts of the Republic of South Africa.
This Guarantee i. shall be a continuing security for the payment of all moneys and liabilities whatsoever from time to time owing (whether actually or contingently) by the Charterer to you under the Charter and shall not be satisfied by any intermediate payment or satisfaction of any part of such moneys or liabilities;
ii. shall be in addition to, and shall not be prejudiced or affected by, any other security for the obligations of the Charterer which may be from time to time held by you; and
iii. shall not be discharged or prejudiced by any time or concession given by you to the Charterer or any other party, by any variation of or supplement to the Charter or by anything which you may do or omit to do or by any other dealing or thing whatsoever which, but for the provisions of this paragraph 5, might operate to discharge us from liability.