GUARANTY
In consideration for extending credit to ____________________________(“Customer”), the undersigned (“Guarantor”), intending to be legally bound, hereby agree, jointly, individually and severally, to guarantee payment to R.E. Michel Company, Inc., its successors and assigns and any of its affiliated companies and divisions (“Creditor”), of all amounts due from Customer, including purchases, service charges, interest, collection fees, court costs and attorney fees. In the event of default, Guarantor(s) authorizes any attorney of a Court of Record to appear for me/us, and to confess judgment against me/us, for the full amount due to Creditor. In the event of litigation, unless otherwise determined by Creditor in its sole discretion, personal jurisdiction and venue shall be in the State of Maryland. This Guaranty is open, continuing, absolute and unconditional, and it shall continue in full force, notwithstanding any changes in the form of indebtedness, or any renewals or extensions, as may be granted by Creditor in its sole discretion, until revoked in writing, via certified mail. Said revocation shall not discharge Guarantor(s) from any obligation or liability arising out of, or with respect to, any contract, invoice or order accepted by Creditor, prior to receipt by Creditor of said revocation.
This Guaranty shall be binding upon all Guarantors, jointly and severally, their executors, administrators and assigns. Said Guaranty may not be assigned by them without the written consent of Creditor.
Guarantor_______________________(seal) Witness_______________________ Guarantor_______________________(seal) Witness_______________________
The undersigned acknowledges and agrees that Creditor may utilize outside reporting services to obtain information
on the undersigned. In the event that the undersigned is/are individual(s), the signing of this agreement shall constitute authorization to Creditor to utilize consumer credit reporting agencies to provide reports on said individual(s) in order to permit Creditor to appropriately evaluate the extension of any business credit. Additionally, should any individuals guarantee the debt of the undersigned, said individual(s) shall be provided with a copy of this Credit Application, and upon the signing of said guaranty, shall consent to Creditor’s use of consumer credit reporting agencies’ reports to assist in the evaluation of the credit of said guarantor(s).
PRINT: ________________________________________________________ FULL LEGAL NAME
SIGNATURE:___________________________________________________ (SEAL) Date
Application Must Be Signed in Ink