Signed, Sealed and Delivered as a Deed by the Guarantor in the presence of:
Signature Signature of Witness
Name Name of Witness
(Block Letters) (Block Letters)
In consideration of CH2 agreeing to supply or continuing to supply goods and services on credit to the Customer named above, each guarantor named
below (Guarantor) unconditionally and irrevocably guarantees to CH2 the due and punctual payment of all debts and monetary liabilities, including
without limitation, any money which may become payable by the Customer to CH2 under any Trade Credit Facility granted by CH2 to the Customer (the
Guaranteed Money). If the Customer does not pay any of the Guaranteed Money on time, CH2 may make a written demand to each Guarantor, or any of
them, to immediately pay the Guaranteed Money (or any part of it).
As a separate obligation, each Guarantor agrees to indemnify CH2 against any claim, action, loss, damage, liability, cost, expense, outgoing or payment
suffered, paid or incurred by CH2 in relation to the non-payment or non-recovery of the Guaranteed Money, or as a result of any breach by the Customer
of CH2’s Terms and Conditions of Sale.
Each Guarantor hereby agrees with CH2 that the above guarantee and indemnity (the Guarantee) are absolute, unconditional and irrevocable and shall
be continuing obligations of each Guarantor, and each Guarantor’s obligations and liabilities are not affected or released by any circumstance, act or
a. the failure of any other person named as a Guarantor to execute this Guarantee;
b. any variation of the Terms ad Conditions of Sale or any other terms upon which the goods and/ or services are supplied to, or paid for by, the
c. an increase in the amount of Guaranteed Money;
d. the fact that any credit was provided by CH2 or any related body corporate before this Guarantee was signed;
e. the death, liquidation or bankruptcy of the Customer or the Guarantor;
f. changes in the membership, name or business of a rm, partnership, committee or association, or the Customer; and
g. the granting of any time, waiver, credit, indulgence and/or concession to the Customer.
If another Guarantor signs this Credit Application, each Guarantor’s obligations are joint and several and each Guarantor’s obligations shall continue until
all amounts payable by the Customer have been paid.
Attention: Intending Guarantors warning please read
By signing this Customer Account Application the Guarantor:
a. agrees to be bound by the Guarantee above, all other provisions of this Customer Account Application and CH2’s Terms and Conditions of Sale ( as
applicable and relevant to that Guarantee);
b. acknowledges that the Guarantor has been given an opportunity to read CH2’s Terms and Conditions and that CH2 encourages the Guarantor to
c. understands that the Guarantor can refuse to sign this document;
d. understands that there are nancial risks involved in signing this document (for example, it may become necessary for the Guarantor to sell its assets
so that the guarantor can pay CH2);
e. declares that it has obtained legal and nancial advice as necessary or if it has not obtained such advice, declares that does not regard any such
advice as necessary and prefers to proceed without it; and
f. declares that it is fully aware of the nature of and risks in signing this Customer Account. Application and is signing it voluntarily.
click to sign
click to edit
click to sign
click to edit