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COMPANY OR TRUST (DIRECTORS GURANTEE MUST BE COMPLETED - ALSO COMPLETE)
(This MUST be completed by all directors of applicant company/trust)
IN CONSIDERATION of R, & P. MATTHEWS PTY.LTD. T/AS MATTHEWS PETROLEUM
AC.N. 054 660 374 15-17 ALBERT STREET WARRNAMBOOL VIC 3280
supplying Product and giving credit to
at the request of the Guarantors named in the Schedule, the Guarantors:
- Covenant and agree with Matthews Petroleum that the Guarantors will be jointly with the Customer and severally liable to Matthews Petroleum for
the due observance of all the terms covenants and conditions on the part of the Customer contained in this application;
- Guarantee to Matthews Petroleum by way of continuing guarantee the due and punctual payment of the Customer of all moneys payable by the
Customer to Matthews Petroleum for supply of Product and other moneys due including but not limited to interest and miscellaneous charges and
the due performance and abservance of the all the terms covenants and conditions on the part of the Customer contained in this application. The
granting of any time concession or any indulgence to or the making of any composition with or the waiver of Matthews Petroleum of any breach of
default by the Customer or the neglect or forbearance of Matthews Petroleum to enforce such terms of this application or any moratorium or ather
period during which all or any of Matthews Petroleum’s rights, remedies or recourse are stayed or suspended by statute on the order of any court
or other authority will not stay suspend avoid release or discharge this guarantee and if any payment by or on behalf of the Customer to Matthews
Petroleum is avoided or is set aside under any law relating to insolvency or otherwise liability under this guarantee shall include payment to
Matthews Petroleum by the guarantor of a sum equal to the amount of the payment so avoided or set aside; and
- In the event that that the terms of the application are not enforceable by Matthews Petroleum against the Customer for any
reason the guarantors agree to indemnify Matthews Petroleum against its loss which would include all moneys which would
have been payable or recoverable by the Customer had the agreement evidenced by the application been fully enforceable
against the Customer.
- Acknowledge that if there is more than one guarantor the liability pursuant to this guarantee shall be joint and several.