HomeMy WebLinkAbout0750 ' , . , ' ' ~ ' 1 ~
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opY of x?,ieh is attachvd 3~eretQ. Rido patL hareaf tAd estked ~
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~i~cAibit ~~i~~~) ~uaronteeink to NAAR~,~ .R. ~.~1ITi~, IHC., t:ading as kRS i
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, OTIUh PICTUi~•i: L~RATOrY.• cortafn ~entters as hereinaftes more ful ~r ~
lsot forth. ~ ~ .
~ 13 . ?~~o ~ s~id Agreesont, ~xhib f t "Ii" . provides . - ~~ttor a2 i~e :
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~ (a). "...the underei~ned an1 each end a~ery one of ~
~ . t4es, jointly $nd sQ~er~lly, ~o horeby ~uaraniee j
~i to ~Rti tAat SPC shall rrooapt2y and tul2y pay anX 1
and a12 indeGtod~ess w2:fch may exist nnder the i
~ ssfd Agro~nont botxeen tiRS and SPC,..."
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i (b) .that 5PC s;isll p~ot~ptlY rerfomt sll pror~is~s ~
. snd cor~~Iy uith R11 terns and conditicns of any ~
suc~ .1~roo~+ent...-." .
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~ (c). "...in ths cvsrt thnt SPC fails at aAy Liwe or ~
ti~es _to rror~ptly ~~y ~ny an~i a13 suah indebted- +
~ noss wbic~ it is oblipated to pay us~der snch '
i~ Agreeraent, or violates eny of tha tet~a~s of con- :
ditiona of ~the safcl Agreaaent or if anr xar- '
raAtios pf SPC in sucA A~rQe~+ant ahsll prove ~
to be untrno or in tho avent of the bsnkruptcy, ~
; insolvency ar aprointoent of ~ se~eivor-_for i
- SPC, tho uAdorsigned, gorsanelly, iadividu~tlly '
~ both juintly an~i.sevcrall , pro~ise to par to ~
i~€k~ ~ny and all sucl~ inde~tc~iness as the sarae i
Lcco~~rs dua fran SYC: to i~:tS forthxith upon ~
der~and, to~ether ~~ty attorncy's fees for '
collect ion in tt:o es~ount of f i fteen ~ 1 St )•~.Qr ~
eent - of t~~e a~o~e~~t c~ue , wh ich as~ount i a hRreby +
s! . z~roed to be fair and ressoaable." ~ - ~
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~ (d) . ~ "?ha guarantora sp~cifically agree th~.t tha !
bs~lsu~e due snd unpaid at anytir~e frox STC
~ to t+R$ ss ~Lo~rn on t2~e books of ~iILS, ahali ~
~ ~I ~ be reeeirod as conclusive evideue~ of the t
~ auount of sucb iAdebtedness ox#nR by SpC to ~
~ i . tikS ns agai~t~t the said ~uarantors. and shall i
~ n'ot be disputad or questioued by the uudar- .
~I signed guarantors,...'~ ,
~ (Q). '~,..that tt~e guarantors cannot avafl thems•lves
of aay dofens~ ~rhatsoever x~ich SP~C aaa7r have ;
~ ~~ainst 1~: S othcr t~:an t3~c ray~er.t of the ;
- ~ ~ounts dua uader sa3d co;~trzc~ts !
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~ • (f) . 'Ths guarantozs harcby for th~mseltres, thei~r :
; , heirs, c:ce~utors, anJ pQrsonal repYes~ntativcs~ ~
;I xuivo_aIt aef~nsos give~ to sureties and
! bu~r~i:tors at lax or in equity other than the
~ ~~ay~ont~of sai~d indebtedness, and tbe f~et ~
I that ~ertafn of said defenses are h@reby exptessly!
~ j. ment3ornd, dees not ~+ean that other defaoses aro ~
~ i not also Kalred, it being ezpTO~sly agreed ,
t~at ~.ti csnnot pYOjudic~ its rfght aRninst ,
ti,e said ~usruntors Uy a~~Y :~ct or or.:ission . :
• on its part xith r~speet to any indebtedness s ~
' Mhi~}i uay ao~ dxist and/or hercafter accrue
~ fro~ SPC to ~ERS under tha said conttscts."
~ I .(s). Ths gaasantors.in the erent of default of u+y ~
such pay~acnt or in Lh~ event of bankrupt~y or
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