Account Information
Business Credit
Principals/Guarantors
Financial References
Major Supplier References
Terms of Open Account
Guarantor, in consideration for inducing Transit Mix and/or Castle Concrete Co. and/or Daniels Sand and/or Transit Mix of Pueblo, Inc. to extend credit to the applicant, the receipt and sufficiency of which is hereby acknowledged, and further acknowledging that Transit Mix and/or Castle Concrete Co. and/or Daniels Sand and/or Transit Mix of Pueblo, Inc. intend to rely on the guarantee of Guarantor, does personally and unconditionally guarantee to pay any and all sums now or therefore owed to Transit Mix and/or Castle Concrete Co. and/or Daniels Sand and/or Transit Mix of Pueblo, Inc. for materials, labor, or rental items supplied at the request of the applicant or it's agents or employees, together with interest at the rate of 1.25% (15% APR) compounded annually.
Liability of the guarantor is direct, irrevocable, unconditional and independent of that of the Customer and may be enforced without requiring Transit Mix and/or Castle Concrete Co. and/or Daniels Sand and/or Transit Mix of Pueblo, Inc. first to exercise, enforce, or exhaust, any remedy against the applicant.
The guarantor for himself and the Applicant agrees to pay all costs and Attorney's fees should this matter be referred to an attorney or other collection agency upon default. The guarantor also agrees to submit to the jurisdiction of Colorado courts and exclusive venue in El Paso County, Colorado.
Any revocation of this Personal Guaranty shall be effective only as to credit extended after the date of factual receipt of a written notice sent by certified mail, return receipt requested to Transit Mix and/or Castle Concrete Co. and/or Daniels Sand and/or Transit Mix of Pueblo, Inc.
The obligation of Guarantor under this Personal Guaranty will bind the benefits the heirs, executors, administrators, legal representatives, successors, and assigns of Guarantor and Transit Mix and/or Castle Concrete Co. and/or Daniels Sand and/or Transit Mix of Pueblo, Inc.