To: PARTY_1_NAME of PARTY_1_ADDRESS_SINGLE_LINE
Date: 04 December 2024
All Money Continuing Guarantee and Indemnity
In consideration of your giving time credit and banking facilities and accommodation to PRINCIPAL ("the Principal"):
1. We, the undersigned, hereby guarantee the payment or discharge to you and undertake that the undersigned will on demand in writing made on the undersigned pay or discharge to you all moneys and liabilities which shall for the time being be due owing or incurred by the Principal to you whether actually or contingently and whether solely or jointly with any other person and whether as principal or surety including interest commission or other lawful charges, expenses which you may in the course of your business charge in respect of any of the matters aforesaid or for keeping the Principal's account (including any further advances made by you to the Principal and any other liabilities of the Principal to you arising during the three months period of notice hereinafter referred to) together also with:
(i) such further sum for interest (whether or not the same shall have been compounded) and banking charges accruing due to you from the Principal before or after the date of demand or expiration of the said notice as the case may be and not debited to the Principal's account at such date, and
(ii) all costs and expenses recoverable by you from the Principal
Provided always that the total amount recoverable hereunder shall not exceed the sum of CURRENCYAMOUNT and in addition the interest (on that amount or on such Less sum as may be due and owing) charge, costs and expenses referred to in sub-paragraphs (i) and (ii) above and in Clause 2 below.
2. The undersigned hereby agree to pay you all costs and expenses (on a full indemnity basis) arising out of or in connection with the recovery by you of the moneys due to you under this Guarantee.
3 This Guarantee is to be a continuing security to you notwithstanding any settlement of account or other matter or thing whatsoever but may and shall be determined (save as below provided) and the liability hereunder crystallised (except as regards unascertained or contingent liabilities and the interest charges costs and expenses hereinbefore referred to) at the expiration of three months after the receipt by you from the undersigned of notice in writing to determine it but notwithstanding determination as to one or more of the undersigned this Guarantee is to remain a continuing security as to the other or others.
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