In consideration of credit extended by the Seller, the undersigned (“Guarantor”) hereby personally and unconditionally guarantees full and prompt payment of all obligations owed by the Applicant. The Guarantor agrees to be bound jointly and severally for all amounts due, including principal, accrued interest, late fees, collection costs, and reasonable attorney’s fees.
This guaranty shall be a continuing guaranty and shall remain in effect until revoked in writing and accepted by the Seller, and such revocation shall not apply to obligations incurred prior to receipt of such notice.
The Guarantor authorizes the Seller to obtain and review personal credit information as needed to evaluate this application and enforce this guaranty.
Applicant agrees to pay all invoices according to agreed credit terms. Any balance not paid when
due may, at Seller’s option, be subject to a late charge of 1.5% per month (18% annual rate)
or the maximum rate permitted by law, whichever is less, applied to the past due balance until
paid.
In the event of default, Applicant agrees to pay all costs of collection, including reasonable
attorney’s fees, court costs, and collection agency fees. Seller reserves the right to suspend or
revoke credit privileges on past due accounts.
Applicant and Guarantor authorize verification of credit, trade, and bank references and agree to
all terms stated above.
