Santa Clara California Garantía de Pagaré por Corporación - Prestatario Corporativo - Guaranty of Promissory Note by Corporation - Corporate Borrower

• Category: Garantía - Notas
• State: Multi-State
• County: Santa Clara
• Control #: US-00527C
• Format: Word

Description

This form states that in order to get the borrower to enter into certain promissory notes, the corporate guarantor unconditionally and absolutely guarantees to payees, jointly and severally, the full and prompt payment and performance by the borrower of all of its obligations under and pursuant to the promissory notes, together with the full and prompt payment of any and all costs and expenses of and incidental to the enforcement of this Guaranty, including, without limitation, reasonable attorneys' fees. A Santa Clara California Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that serves as a written agreement between a corporation and a lender. This guaranty acts as a promise made by the corporation to pay back any outstanding debt owed by the borrower to the lender, in case the borrower fails to fulfill the terms of the promissory note. In Santa Clara, California, there are various types of Guaranty of Promissory Note by Corporation — Corporate Borrower documents that may be used, depending on the specific circumstances. These may include: 1. Absolute Guaranty: This type of guaranty ensures the lender that the corporation will bear full responsibility for the promissory note, regardless of any default by the borrower. In other words, the corporation guarantees the lender full repayment, regardless of any unforeseen circumstances or events. 2. Limited Guaranty: A limited guaranty provides partial assurance to the lender, wherein the corporation's liability is limited to a specific amount. This means that the guarantor corporation is responsible for only a portion of the debt, and not the entire outstanding amount. 3. Continuing Guaranty: A continuing guaranty applies to a promissory note that allows for multiple borrowings or future advances. With this type of guaranty, the corporation guarantees repayment of any current and future amounts owed to the lender by the borrower, according to the terms and conditions specified in the guaranty agreement. 4. Limited Recourse Guaranty: In this type of guaranty, the corporation's liability is limited to specific collateral or assets pledged as security for the loan. If the corporation defaults, the lender can only recoup their losses from the specified collateral and not from the corporation's other assets. The Santa Clara California Guaranty of Promissory Note by Corporation — Corporate Borrower document typically includes important details such as the names and contact information of the lender, borrower, and guarantor, the effective date of the guaranty, the terms and conditions of the promissory note being guaranteed, and any relevant provisions or clauses specific to the agreement. The guaranty is a legally binding contract that protects the lender's interest in providing an additional layer of security and assurance.

A Santa Clara California Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that serves as a written agreement between a corporation and a lender. This guaranty acts as a promise made by the corporation to pay back any outstanding debt owed by the borrower to the lender, in case the borrower fails to fulfill the terms of the promissory note. In Santa Clara, California, there are various types of Guaranty of Promissory Note by Corporation — Corporate Borrower documents that may be used, depending on the specific circumstances. These may include: 1. Absolute Guaranty: This type of guaranty ensures the lender that the corporation will bear full responsibility for the promissory note, regardless of any default by the borrower. In other words, the corporation guarantees the lender full repayment, regardless of any unforeseen circumstances or events. 2. Limited Guaranty: A limited guaranty provides partial assurance to the lender, wherein the corporation's liability is limited to a specific amount. This means that the guarantor corporation is responsible for only a portion of the debt, and not the entire outstanding amount. 3. Continuing Guaranty: A continuing guaranty applies to a promissory note that allows for multiple borrowings or future advances. With this type of guaranty, the corporation guarantees repayment of any current and future amounts owed to the lender by the borrower, according to the terms and conditions specified in the guaranty agreement. 4. Limited Recourse Guaranty: In this type of guaranty, the corporation's liability is limited to specific collateral or assets pledged as security for the loan. If the corporation defaults, the lender can only recoup their losses from the specified collateral and not from the corporation's other assets. The Santa Clara California Guaranty of Promissory Note by Corporation — Corporate Borrower document typically includes important details such as the names and contact information of the lender, borrower, and guarantor, the effective date of the guaranty, the terms and conditions of the promissory note being guaranteed, and any relevant provisions or clauses specific to the agreement. The guaranty is a legally binding contract that protects the lender's interest in providing an additional layer of security and assurance.

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.