The District of Columbia Authority of Signatory to Bind the Guarantor refers to the legal power and responsibility vested in an individual or entity (signatory) to enter into binding agreements on behalf of a guarantor within the District of Columbia jurisdiction. When a signatory possesses this authority, they can act on behalf of the guarantor in matters such as contracts, financial arrangements, leases, and other legal obligations. In the District of Columbia, there are two primary types of authorities that can grant the power to bind the guarantor: 1. Statutory Authority: Under the District of Columbia laws, certain positions or individuals are explicitly granted authority to bind the guarantor. This includes individuals holding executive positions within corporations, limited liability companies (LCS), partnerships, or other legal entities. These positions may vary based on the type of organization. For example, in a corporation, the signatory with the "Authority of Signatory to Bind the Guarantor" can be the CEO, President, or designated officer. 2. Contractual Authority: In some cases, the authority to bind the guarantor may not be explicitly granted by law. Instead, it may be derived from a contractual agreement between the guarantor and the signatory. This agreement outlines the terms and conditions under which the signatory can act as an authorized representative of the guarantor. Typically, this contractual authority is established through powers of attorney, board resolutions, or specific clauses in contracts. It's important to note that the District of Columbia Authority of Signatory to Bind the Guarantor is a legally significant concept, as it directly impacts the liability and obligations of both the guarantor and the counterparty involved in any agreements or transactions. Consequently, it is crucial to ensure that the signatory possesses the necessary authority before entering into any binding agreements on behalf of the guarantor. For individuals or organizations dealing with the District of Columbia Authority of Signatory to Bind the Guarantor, it is advisable to consult with legal professionals familiar with the relevant laws and regulations. They can provide guidance on understanding the specific requirements, processes, and potential limitations associated with binding the guarantor within the District of Columbia jurisdiction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.District of Columbia Autoridad del signatario para obligar al garante - Authority of Signatory to Bind the Guarantor
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Disposition Agreement means a definitive written agreement providing for a transaction or series of transactions between the Company or its Affiliates and any Person who is not an Affiliate of the Company regarding a Disposition.
The Guarantor hereby fully and unconditionally guarantees to each Holder the due and punctual payment of the Guarantee Payments, as and to the extent applicable (without duplication of amounts theretofore paid by the Issuer) when and as the same shall become due and payable, ing to the terms of the Preferred ...
As Guarantor, I hereby agree to guarantee payment of all amounts due under the lease, or that may come due, and all other obligations of the Tenant for the entire duration of the lease attached hereto unless the tenant gives notice of termination within the guidelines of the lease; however, if the lease is renewed ...
The Guarantor hereby fully and unconditionally guarantees to each Holder the due and punctual payment of the Guarantee Payments, as and to the extent applicable (without duplication of amounts theretofore paid by the Issuer) when and as the same shall become due and payable, ing to the terms of the Preferred ...
(1) I hereby unconditionally guarantee, and become surety for, the full and timely performance by .............of each and every obligation of the charterer of every nature under said charter party, and in the event of any one or more defaults in performance by the charterer, I will promptly meet such obligation or ...
The guarantee clause provides that if the buyer defaults the guarantor will perform those obligations (and this will include the obligation to pay the purchase price to the seller). The guarantor also indemnifies the seller against any losses or liability incurred because of the buyer's default.
