The Connecticut Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that serves as a guarantee for the obligations of a corporate borrower under a promissory note. It is used when a corporation is borrowing money and wants to assure the lender that it will be responsible for any default or non-payment by the borrower. This document is specific to the state of Connecticut and complies with the relevant laws and regulations in the state. It outlines the terms and conditions under which the corporate borrower guarantees the payment obligations of the borrower. The guaranty requires the corporate borrower to make the payments on the promissory note in case the borrower fails to do so. It provides protection to the lender by ensuring that there is an additional party responsible for the repayment of the loan. The Guaranty of Promissory Note by Corporation — Corporate Borrower includes key details such as the name and address of the corporation, the name of the borrower, the amount borrowed, the date of the note, and the terms for repayment. It also includes provisions regarding default, remedies, and waiver. It is important to note that there may be variations or different types of Connecticut Guaranty of Promissory Note by Corporation — Corporate Borrower depending on the specific requirements or unique circumstances of the borrowing transaction. These may include guaranties with specific conditions, guaranties with limited liability, or guaranties with additional collateral. It is advisable to consult with a legal professional or attorney to ensure that the specific requirements of the borrowing transaction are addressed and to choose the appropriate type of guaranty for the situation.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.