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World of Shareware - Software Farm 2
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1600.BLD
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1992-08-31
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3KB
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138 lines
#1600
@001 State the name of the Guarantor:
@002 State the name of the Creditor:
@003 Enter the name of the Debtor:
#1601/#1602/#1603 Mark the type of guarantee:
Unlimited in amount- continuing
For a specific obligation
For all obligations, but limited in amount
#if#1601
#endif
#if#1602
@160 Specifically state the debt guaranteed:
#endif
#if#1603
!161 Enter the total amount guaranteed:
#endif
#1604
#end control section
#1600
/* #1600: Guarantee- Header */
UNCONDITIONAL GUARANTEE AGREEMENT
@001, referred to as Guarantor, hereby guarantees the
payment to @002, referred to as to the Obligee of:
#1601
/* Para. 1601: Unlimited */
any and all obligations, regardless of the kind, or
how the same arose, that may now exist or may accrue in the
future, of @003, regardless of the amount. THIS IS AN UNLIMITED
CONTINUING GUARANTEE.
#1602
/* Para. 1602: Specific obligation */
the following obligation of @003:
@160
and any extensions, modifications or novations thereof.
#1603
/* Para. 1603: Specific amount */
any and all obligations, regardless of kind, or how the
same arose of @003, however, the total amount of the guarantee
and the liability of @001 shall not exceed a total of $ @161
(!161 Dollars.) The liability of Guarantor shall not be affected
or impaired by the existence of a liability of @003 in excess of
the amount of the guarantee.
#1604
/* Para. 1604 GENERAL TERMS */
GENERAL TERMS
The Guarantor waives:
diligence by @002 in collection of any indebtedness or other
obligation guaranteed herein;
notice of nonpayment, protest, notice of protest or other such
notice;
The Obligee may:
grant renewals, extensions or modifications of the obligation or
indebtedness;
surrender or release any and all security or collateral;
release co-guarantors if any;
without affecting the Guarantors obligations herein.
The Obligee shall not have to:
first institute suit against @003 prior to demanding payment
under this guarantee;
exhaust any remedies it may have against @003;
give notice of acceptance of this guarantee;
and may in its discretion seek to enforce this guarantee
solely against Guarantor.
Should there be any additional guarantor of the obligations
of @003, whether in whole or in part, this guarantee shall
not be affected by the death, release, or insolvency of any
other guarantor.
READ CAREFULLY. THIS IS AN AGREEMENT TO GUARANTEE THE DEBTS
OF ANOTHER. THIS MEANS THAT YOU MAY HAVE TO PAY THE WHOLE
DEBT OR OBLIGATION OF @003.
The guarantor may revoke this guarantee upon written notice
to the Obligee; however, such revocation shall not affect
the liability accrued to that date, if any.
This is the entire agreement of the parties and this agreement
may only be modified by a written agreement executed by both
parties.
Dated: ____________________________
_____________________________________________
Guarantor