Christensen Oil Company Credit Application T&C

Terms & Conditions

Individual Personal Guaranty

I, the Individual Personal Guaranty, or and in consideration of your extending credit at my request to my Company or Corporation, personally guarantee prompt payment of any obligation of the Company or Corporation to Christensen Oil Company or its affiliated entities (Seller), whether now existing or hereinafter incurred, and I further agree to bind myself to pay on demand any sum which is due by the Company to Seller whenever the company fails to pay the same. It is understood that this guaranty shall be absolute, continuing and irrevocable.
If the guaranteed indebtedness is not paid by me when due, and this guaranty is placed in the hands of an attorney for collection, or suit is brought hereon, or it is enforced through any judicial proceeding whatsoever, I shall pay all costs of collection and attorneys' fees not to be less than 33% together with costs of court
and further agrees that any legal action brought hereunder may be brought in Utah County, Utah.
In the event more than one or more than one party executes this Guaranty as a guarantor, then each guarantor agrees to be jointly and severally liable for the guaranteed indebtedness, and, in all instances herein, the singular shall be construed to include the plural.
This authorization shall be continuing without expiration and a digital, photocopy,  or fax copy shall be given the same effect as the original.