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OK PETROLEUM DISTRIBUTION CORP.
185 ROUTE 109
WEST BABYLON, NEW YORK 11704
OFFICE: (631) 321-0549
FAX: (631) 321-4877
PERSONAL
GUARANTY
PLEASE PRINT, FILL
OUT AND FAX TO 631-321-4799
In order to induce OK Petroleum Distribution Corp. 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 DISTRIBUTION CORP.
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 DISTRIBUTION CORP.
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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