Personal Guarantee of Indebtedness
Limited Liability / Trust Applicants only
To: Everest Group Limited (EGL)
In consideration of EGL giving credit to the Client in accordance with the attached Application for Credit, at the guarantor’s request, the guarantor:
- Guarantees that the client will perform all of the Client’s obligations set out in the Application for Credit which includes the Terms and Conditions of Sale and any Project Agreement.
- Acknowledges and agrees:
(a) this guarantee is a continuing all obligations guarantee; and
(b) is given jointly and severally (where there is more than one guarantor); and
(c) will continue to be binding and at all times enforceable by EGL even if the client dies, is placed in liquidation, or bankruptcy or if any amendments are made to the Application for Credit, Terms and Conditions of Sale or Project Agreement.
- EGL may release or discharge any of the guarantors from liability under this guarantee (or may compromise its claim against any such guarantors) without prejudicing EGL’s rights against others.
- The guarantor(s) acknowledge that they were advised to take independent legal advice before signing this guarantee.