I/We agree to the terms of trading which are 28 days from statement date, failure to do so will result in an interest charge of 2.5% per month.
In the case of a Limited Company (the Company), the directors are asked to Sign the following guarantee. I/We hereby guarantee the punctual payment by the company of all sums payable under this credit account as and when they become due and agree that in the event of the company failing promptly to pay any such sums I / We shall pay the same when called upon to do so.
I/We further agree that this guarantee shall not be affected in any way, by any time of other indulgence granted to the company or by the bankruptcy of the company. I/ We hereby abandon any right which at any time I / We have under the existing or future law in jersey whether by virtue of ‘droit de Discussion’ or otherwise, to require that recourse be had to the assets of the company, before any claim is enforced against me/us and
I/We hereby undertake that if sued, and the company is not sued also,
I/We shall not claim that the company be made a party to such proceedings. If these are two guarantors each guarantor shall jointly and severally be liable under this guarantee and hereby abandons any right
