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Res 1984-002
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Res 1984-002
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Last modified
8/30/2007 2:15:32 PM
Creation date
8/30/2007 1:45:25 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Purchase
Number
1984-2
Date
1/23/1984
Volume Book
64
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<br /> EXHIBIT "B", Page 2a mD USER GOAR:a.NTEE OF PAYMENT (DIRær) <br /> Data General Co;rporaticn <br /> 44QO O:mputer Drive <br /> ~tlx:.ìro( MA.. 01580 <br /> Attn: D:::Iæstic Credi t ~ß!"'.ager <br /> Subject: Guaran tee 0 f P ayræn t <br /> Seller: Data General O:n:p::>raticn <br /> B1....yer: Data Group In tema ti onal, In c. <br /> Guara.1î tor: City of San Marcos <br /> Equiprœnt Purchase Guaranteed: Equip:œmt listed on Sd1edu.le A <br /> Ter:ms of Sale G:Jverning Purd:'.ase: Contract between B1....yer & Seller <br /> Da ted 10/21/83 <br /> For Fqui~t ValU9d At: $4,685.00 <br /> (£n tl ei1EI1: <br /> In cmsiàeration of Seller extending credit to Buyer for the purchase of thE: Equip:ænt <br /> listed on the attached Schedule A (b:y I!DÒel nurrber, quantity and àèscription) , Guararitor <br /> unccnditionally guarantees direct pa-yrrent to Seller of the above-referenced artDunt, fifty <br /> percent ~50%) of such artDunt payable tw-enty-five (25) days after the date of shiprrent of <br /> b~e Equiprænt, F .O.B., PlaCE of Origin, and tl1e remaining fifty percent (50%) payable <br /> forty-five (45) days after the date of such ship:ænt, as evidenced by Sellers issuanCE of <br /> an ihnvoice therefore. <br /> Any TIDnies reœi ved by Seller from Bl.I\J.er or Guarantor subse:;rœnt to the date hereof, <br /> specifically cfior the Equiprœnt, shall be a¡::plied to the debt guaranteed hereby. '!hi s <br /> Guarantee applies only to the Equiprrent listed on Schedule A, subject to the provisions <br /> regarding substitution of gocx:1s. <br /> Pay¡rent for the Equiprœnt is the direct and primary cbligatim of Guarantor. Seller is not <br /> rEqUired to proœed against Buyer. Guarantor wai""J'eS notice of acceptance hereof and <br /> notice of dem3nd, non-payrrent and all defaults hereunder. Guarantor waives all cla.iJœ, <br /> defenses, offsets and eounterclai.TfS which Buyer may have against Seller. Guarantor <br /> agrees that any Ye.T1ewal, postponerænt or extension of tirre, any exchange or substitution <br /> of g:xxis, any addition or release of any person or entity, primarily or seoondarily liable, <br /> or any other indulgenCE to Buyer, may be effected without notice to Guarantor and wit.1-Jout <br /> affecting the liability of Guara.'1tor hereunder. <br /> '!his Guarantee shall inure to the benefit of Seller, its successors and assigns, and <br /> shall be binding on Guara.'1tor and its successors in interest. <br /> This Guara.T1tee shall be g:>vemed by the laws of the Cbroronwealth of Massachusetts. <br /> IN WI'IN:E$S wrF, Guarant~. this Guar and affixed its oorporate seal <br /> . <br /> tlÙs cR - day of {J' 19 ~! {,/ Þh {¿P ~/tAi <br /> THIS IS A GUARANTEE (ci/~R ~~)' tLJ1 <br /> <br /> Guarantor's Seal or <br /> Notary Public Seal <br />
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