Personal Guarantee for ITL Inc.
In consideration of credit granted by ITL, Inc. (“ITL”) to
___________________________________________ (Applicant), THE UNDERSIGNED
PERSONALLY GUARANTEES THE UNCONDITIONAL PAYMENT OF ANY UNPAID AMOUNT UPON
APPLICANT'S ACCOUNT. This is a guarantee of payment and not merely of
collection; no collection or civil action need be commenced against the
Applicant prior to a demand being made upon the undersigned.
This is a continuing guarantee, and the obligations of the
undersigned are limited, absolute, and unconditional. This continuing guarantee
shall continue in effect until all of the obligations owing on the above
account to ITL have been paid in full.
Guarantor agrees to indemnify and hold ITL harmless from and
against all claims, actions, cause of action, demand, obligations, liabilities,
losses, costs, and expenses in connection with, on account of, or in any
related to or arising from the above-referenced account. This continuing
guarantee shall not be affected on impaired by any modifications, supplements,
extensions or amendment to any contract or agreement to which the parties
thereto may hereafter agree.
Guarantor agrees to indemnify and hold ITL on account, or pursue
any other remedy in the power of ITL, whatsoever. Guarantor waives and defense
arising by reason of disability or any other defense, which the account debtor
may have, or by reason of the cessation from any cause whatsoever of the
liability on the above-reference account.
The death of Guarantor shall not terminate this continuing
guarantee. This continuing guarantee shall be binding upon the heirs,
executors, administrators, trustees, beneficiaries, successors, and assigned of
Guarantor and shall insure to the benefits of ITL, its successors and assigns.
The validity of this continuing guarantee, its construction,
interpretation, and enforcement and the right of the parties hereto shall be
determined under, governed by, and constructed in accordance with the laws if
the State of California.
Any actions under this guarantee may be brought in a court of
competent jurisdiction in the County of Los Angeles, State of California.
Guarantor Name: (Print) First: ________________ Middle: ______________
Last: __________________
Guarantor Signature: _________________________ Date:
____________________________
Guarantor Social Security No. :
_______________________
Guarantor Driver’s License No.
______________________ Issuing State:
___________________
Witnessed by: (Print) First:
__________________ Middle: ______________ Last: ___________________
Witness Signature
______________________________ Date: ______________________________