In consideration for Allied Supply Co., Inc. extending credit to the business identified below for any materials and/or services after this date at the request of applicants or its agents, the undersigned individual hereby personally guarantees unconditionally and irrevocably the prompt payment of any sums now or hereafter owed to Allied Supply Co., Inc. by the business identified below whether said sums are due under open account, contract or otherwise.
It is understood and agreed that credit, if extended, is to be on a continuing basis and may exceed estimated maximum credit limit required as stated in the credit agreement between Allied Supply Co., Inc. and the business. Allied Supply Co., Inc. shall not be obligated to notify the undersigned of the dates or amounts of any such credit and the undersigned waives demand, notice of default and any extension of time or any other forbearance which may be extended by Allied Supply Co., Inc..
The guaranty shall continue in force until notice in writing, sent by registered or certified mail, return receipt requested is received by Allied Supply Co., Inc.. Said notice shall specify the date on which this guaranty is to be terminated, said date not to be less than seven days after such notice is received. Such termination shall in no way release the undersigned as to any sum or debt incurred prior to such termination.