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OK PETROLEUM INTERNATIONAL
185 ROUTE 109WEST BABYLON, NEW YORK 11704
OFFICE: (631) 321-0549 FAX: (631)
321-4877
GUARANTY
PLEASE PRINT, FILL
OUT AND FAX TO 631-321-4799
In order to induce OK
Petroleum International hereafter called “Company”,
Corporations with offices at 185 ROUTE 109,
WEST BABYLON NEW YORK 11704, to
Extend credit
to________________________________________________________________,
(Herein called “Customer”), and any
corporation in which or the undersigned (or either or any of them) has an
interest, and in consideration thereof and any of the interest of the
undersigned (herein called “Guarantor”, whether one or more) in having such
credit extended and of the sum of One Dollar and other valuable considerations,
receipt of which is hereby acknowledged, the undersigned hereby guarantee to the
Company from the Company and of all rentals and all other indebtedness,
howsoever arising, now due and hereafter becoming due the Company from the
Customer, and of all checks, drafts, notes, acceptances and renewals thereof
given on account of such indebtedness.
If the Customer fails to pay
any check, draft, note, acceptance, bill, invoice, rental, or other indebtedness
promptly when due, Guarantor agrees to pay the same promptly upon demand, plus
interest thereon, the same as if Guarantor had brought the merchandise or other
indebtedness for his own account or had given or being agreed that Guarantor’s
liability hereunder is a primary obligation.
Guarantor agrees that without
impairing his obligations hereunder the Company may at any time, without his
consent or notice to him, upon such term and conditions as it may deem
advisable, (a) extend in whole or in part the time of payment of any
indebtedness, or any part thereof, due the Company, and of any check, draft,
note, or acceptance delivered to the Company, and may renew or defer payment of
same, and (b) settle, adjust or compromise any indebtedness due or claimed to be
due the Company.
OK PETROLEUM INTERNATION
185 ROUTE 109
WEST BABYLON, NEW YORK 11704
OFFICE: (631) 321-0549
FAX: (631) 321-4877
Guarantor ratifies and
confirms every such deferring, extension, renewal, settlement, and adjustment,
and agrees that same shall be binding upon him, hereby waiving all defenses,
counterclaims and offsets which he might or could have by reason thereof, it
being understood that he shall at all times be and remain liable to the Company
at the primary obligor hereunder for the original amount of any obligation,
indebtedness or liability of the customer to the Company, howsoever arising.
This agreement is a
continuing and unlimited guaranty and expressly includes all debt by customer
due and owing to Company as of the date of Execution hereof.
This guaranty is assignable
by Company, shall be construed liberally in Company’s favor, and shall insure to
the benefit of Company’s Successors and assigns. It is also understood and
agreed that Company may, without notice to Guarantor, see, assign and transfer
all or any portion of the indebtedness secured hereby, and that each and every
immediate and successive assignee or transferee of such indebtedness shall have
the right to enforce this guaranty, by legal action or otherwise, for the
benefit of such assignee or transferee were named herein; provided, however,
that Company shall have the unimpaired right to enforce this guaranty for
Company’s benefit as to any indebtedness not sold, assigned or transferred.
In the event Company shall be
required to take any legal action to enforce this Guaranty by legal action or
otherwise, then Customer shall be liable for Company for all of Company’s
reasonable costs and expenses related thereto, including but not limited to,
attorneys fees, costs and disbursements of Company.
Guarantor agrees that this
instrument contains his entire agreement with the Company and that there is no
verbal other agreement, understanding or custom whereby the provisions hereof
have been or can be varied, modified or waived in any manner unless endorsed
herein in writing, signed by an authorized Company representative and that the
word “Guarantor” as used herein shall include plural as well as singular, and
the pronouns “him” and “his” may refer to female as well as male and may include
plural as well as singular, and that this instrument shall be the joint and
several obligation of the subscribers hereto, there and legal representatives.
OK PETROLEUM INTERNATIONAL
185 ROUTE 109
WEST BABYLON, NEW YORK 11704
OFFICE: (631) 321-0549
FAX: (631) 321-4877
IN WITNESS WHEREOF, we have
hereunto set our hands and seals
This_____________________day
of___________________________20____.
COMPANY
NAME___________________________________________
COMPANY
ADRESS_________________________________________
COMPANY ID #
____________________________________________
NAME_____________________________________________________
HOME
ADDRESS___________________________________________
S. S. #
_____________________________________________________
HOME
PHONE_____________________________________________
________________________________
_______________________________
Witness
Guarantor
NOTARY
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