prior to payment in full for those goods, or otherwise extending any credit, forbearance or indulgence in respect of such goods I/WE HEREBY GUARANTEE to you, and if more than one of us then both jointly and severally, the due and punctual payment of all monies owing by the company or its successors and assigns to you in respect of all goods manufactured, purchased or supplied in accordance with the particular or implied terms of payment in respect of those goods on each occasion.
AND I/WE AGREE that no release, delay or other indulgence given by you to the company, including without imitation any concession or alteration to the amounts or dates for payment, or any other matters whatsoever whereby I/we would have been so released shall release prejudice or affect my/our liability as a guarantor/guarantors hereunder AND THAT as between myself/ourselves and you I/we may for the purposes be treated as a principal debtor/principal debtors and you shall be under no obligation to demand or to take proceedings against the company before exercising its rights hereunder.