In consideration of all credit granted by S&H Hauling Co. to the company named in this application, hereinafter “Buyer”, the undersigned, hereinafter “Guarantor”, does hereby personally guarantee payment of all amounts, the “Liabilities” now or hereafter owing by the Buyer to Seller, all interest accruing thereon, and all other costs provided for this Guaranty Agreement. Guarantor also agrees to pay Seller any costs and expenses of Seller in the employment of collection agencies or attorneys-at-law in order to recover any of the Liabilities. Seller may bring suit in any jurisdiction and venue that Seller shall choose.
This Guaranty Agreement shall remain in full force until Guarantor delivers to Seller a written notice of revoking it as to Liabilities incurred subsequent to such delivery. Guarantor agrees to remain liable for all Liabilities incurred prior to such delivery. Guarantor hereby consents to any of the following actions taken by Seller with respect to the Liabilities, without notice to or the approval of Guarantor: (1) the incurring of any of the Liabilities; (2) the extension of the time of payment of any of the Liabilities in whole or in part; (3) the modification of any provision relating to any of the Liabilities; and (4) the sale, surrender, exchange or modification of any security which Seller may hold at any time for payment of any of the Liabilities.
If more than one person signs this Guaranty Agreement, each shall be liable for the entire amount of the guaranteed obligations, jointly and severally. Guarantor, recognizing that individual authorizes Seller to use consumer credit reports on Guarantor, from time to time, as Seller may deem appropriate at Seller’s discretion for use in Seller’s credit evaluation process.
