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Personal Guarantee
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By submitting this Personal Guarantee ("Guarantee") to P-Fleet in support of Applicant's Credit Application and Agreement, the guarantor identified below ("Guarantor") hereby personally guarantees the debts and obligations of Applicant to P-Fleet. In consideration for the extension of any credit or payment terms by which Applicant may purchase products or services from P-Fleet, Guarantor agrees that: (1) Guarantor is an officer and/or owner of Applicant; (2) Guarantor will act as a personal guarantor to P-Fleet, and guarantee prompt payment of any and all debts and obligations now or hereafter owed by Applicant to P-Fleet, agreeing to make payment to P-Fleet of all sums, including, but not limited to, late charges and attorney fees unpaid to P-Fleet by Applicant upon Applicant’s default on any obligation to P-Fleet and/or any filing of bankruptcy by Applicant; (3) liability will accrue under this Guarantee without notice to the undersigned; (4) Guarantor waives any and all rights to notice of action or inaction by P-Fleet on any obligation owed by Applicant; (5) Guarantor waives any right to insist that P-Fleet first seek recovery against the Applicant, or to pursue any other remedy, or seek recovery against any property owned by Applicant, prior to demanding payment upon and/or enforcing payment pursuant to this Guarantee; (6) P-Fleet will have no duty to advise Guarantor of any modification of terms to Applicant or to advise Guarantor of any information regarding Applicant’s financial condition; (7) P-Fleet may enforce this Guarantee against Guarantor without proceeding against Applicant or anyone else; (8) Guarantor will not assert any claim against Applicant for any payment or transfer that Guarantor is obligated to make to P-Fleet under this Guarantee; (9) Guarantor waives all subrogation or recovery rights; (10) this Guarantee may not be revoked or rescinded if and for so long as any balance remains owed and outstanding to P-Fleet from Applicant or Guarantor; (11) Guarantor will pay all attorney’s fees and costs incurred in enforcing this Guarantee; (12) any married Guarantor who signs this Guarantee hereby expressly agrees that recourse may be had against Guarantor’s separate property for all obligations and/or liabilities hereunder. Guarantor, recognizing that his/her individual credit history may be a factor in the evaluation of Applicant’s credit, hereby consents to and authorizes P-Fleet, it’s nominees and assigns, to obtain and use a consumer credit report on Guarantor, now and from time to time hereafter, as may be needed in the credit evaluation and review process, and unconditionally waives any right or claim he/she would otherwise have under the federal Fair Credit Reporting Act or any other federal, state, and local credit reporting laws and regulations in the absence of this continuing consent.
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I personally guarantee debts for the above applicant.
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