Common use of Trade References Clause in Contracts

Trade References. (At least four references for operational purchases are required which must be local RSA organisations) Physical Address Tel No ( ) Contact Person ( ) Fax No ( ) Email Address @ Approx. monthly spend / Type of purchases R Date Account Opened M M / C C Y Y Physical Address Tel No ( ) Contact Person ( ) Fax No ( ) Email Address @ Approx. monthly spend / Type of purchases R Date Account Opened M M / C C Y Y Physical Address Tel No ( ) Contact Person ( ) Fax No ( ) Email Address @ Approx. monthly spend / Type of purchases R Date Account Opened M M / C C Y Y Physical Address Tel No ( ) Contact Person ( ) Email Address @ Approx. monthly spend / Type of purchases R Fax No ( ) Date Account Opened M M / C C Y Y I/We, the undersigned 1. (Name of Surety).................................................................................................................................................... of. (Street Address) 2. (Name of Surety)........................................................................................................................................... of. (Street Address) solidium for the due fulfilment by (Hereinafter referred to as "the Debtor") of all obligations to PFERD-SOUTH AFRICA (PTY) LTD (hereinafter referred to as "the Creditor") of whatsoever nature or howsoever arising and whether already incurred or from time to time hereinafter be incurred. I / We hereby renounce the benefits of the legal exceptions exclusion, division, cession of action, no value received and revision of accounts, with the force and effect of which I/We acknowledge myself / ourselves to be fully acquainted with, which are explained hereunder. Should I/we default in due performance of any of my / our obligations in terms of this suretyship, all of which are material, then the Creditor shall be entitled to recover all costs disbursed by it to its Attorneys in securing our compliance with the provisions as between Attorney and client. A certificate under the hand of a manager and/or credit controller of the creditor shall constitute prima facie proof of the amount owing by myself / ourselves and the debtor. The parties agree that the Creditor may at its election institute action against me / us arising out of this suretyship in any Magistrate's Court having jurisdiction, notwithstanding that the amount of the claim may exceed the jurisdiction of the Court. The surety / sureties hereby choose as his / her their domicillium citandi et executandi for purposes of this suretyship, his / her / their addresses furnished above. The surety / sureties hereby acknowledges that the provisions hereof reflect the true legal relationship between himself / herself / themselves and PFERD-SOUTH AFRICA (PTY) LTD and that no document or oral statement of variance with the provisions hereof including this provision, shall have any legal force or effect unless reduced to writing and signed by the surety / sureties and PFERD-SOUTH AFRICA (PTY) LTD. We have noted the additional explanations of the aforesaid exceptions overleaf. The surety / sureties hereby warrant(s) that this deed of suretyship has been duly and fully completed before signature hereof. SIGNED at ....................................................... on this the .............................. day of 20................. 1. ................................................................................... SURETY (1) 2. .................................................................................... NAME 1. ................................................................................... SURETY (2) 1. EXCEPTIO QUOD METUS CAUSA