GUARANTY --------Bwip Inc • November 13th, 1995 • General industrial machinery & equipment
Know all men by these presents, that in consideration of the extension by ABN- AMRO Bank N.V. (hereinafter called the "Bank") acting through its branch at Etten-Leur, Stationsplein 21, (4872 XL) of financial accommodation to BW/IP International B.V. or its successors or assigns (hereinafter called the "Borrower"), for the period from August 1, 1995 to August 1, 1997 the undersigned hereby unconditionally guarantees the payment in NLG 50,000,000 (SAY: FIFTY MILLION DUTCH GUILDERS) when due (at maturity, by acceleration, or otherwise), of any and all liabilities, present or future, direct or contingent, joint, several or independent, for principal, interest, charges, commissions or otherwise, of the Borrower due or to become due to, or held or to be held by, the Bank, whether created directly or acquired by assignment or otherwise (all such liabilities being hereinafter called the "Guaranteed Liabilities").
