Nebraska Guaranty of Promissory Note by Corporation - Corporate Borrower

• Category: Promissory Notes - Guaranty
• State: Multi-State
• Control #: US-00527C
• Format: Word; Rich Text

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. The Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that outlines the terms and conditions of a guarantee provided by a corporation for the repayment of a promissory note. In Nebraska, when a corporation borrows money from a lender, the lender may require a guarantee to ensure the repayment of the loan. This guarantee is typically in the form of a written agreement — the Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower. The purpose of this document is to provide a legally binding agreement between the corporation and the lender, establishing the corporation's promise to be responsible for the debt if the borrower (corporation) fails to make the required payments. The Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower will typically include the following key elements: 1. Parties: The document identifies the corporation as the guarantor (also known as the "surety") and the lender (also known as the "creditor") as the beneficiary of the guarantee. 2. Promissory Note Description: It incorporates the details of the promissory note, such as the principal loan amount, interest rate, repayment terms, and due dates. 3. Guarantee: The corporation guarantees the payment of all amounts due under the promissory note, including the principal loan amount and any accrued interest and fees. 4. Joint and Several liabilities: This clause specifies that if there are multiple guarantors, they will be jointly and severally liable for the repayment of the debt. This means that each guarantor is individually responsible for the entire amount and can be pursued for the full debt if others cannot fulfill their obligations. 5. Waiver of Defenses: The corporation waives any defenses it may have against the enforcement of the promissory note and agrees not to assert any claims that could release it from its obligations. 6. Governing Law: It states that the agreement will be governed by the laws of Nebraska, ensuring that any disputes arising from the guarantee will be resolved according to the state's legal framework. Types of Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower may vary depending on specific terms, clauses, or additional provisions stated in the agreement. Some variations may include specific provisions related to default and remedies, indemnification, specific performance, or events of termination. It is essential to consult an attorney to understand the specific terms and conditions of any Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower as they can vary based on individual circumstances and preferences.

The Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that outlines the terms and conditions of a guarantee provided by a corporation for the repayment of a promissory note. In Nebraska, when a corporation borrows money from a lender, the lender may require a guarantee to ensure the repayment of the loan. This guarantee is typically in the form of a written agreement — the Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower. The purpose of this document is to provide a legally binding agreement between the corporation and the lender, establishing the corporation's promise to be responsible for the debt if the borrower (corporation) fails to make the required payments. The Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower will typically include the following key elements: 1. Parties: The document identifies the corporation as the guarantor (also known as the "surety") and the lender (also known as the "creditor") as the beneficiary of the guarantee. 2. Promissory Note Description: It incorporates the details of the promissory note, such as the principal loan amount, interest rate, repayment terms, and due dates. 3. Guarantee: The corporation guarantees the payment of all amounts due under the promissory note, including the principal loan amount and any accrued interest and fees. 4. Joint and Several liabilities: This clause specifies that if there are multiple guarantors, they will be jointly and severally liable for the repayment of the debt. This means that each guarantor is individually responsible for the entire amount and can be pursued for the full debt if others cannot fulfill their obligations. 5. Waiver of Defenses: The corporation waives any defenses it may have against the enforcement of the promissory note and agrees not to assert any claims that could release it from its obligations. 6. Governing Law: It states that the agreement will be governed by the laws of Nebraska, ensuring that any disputes arising from the guarantee will be resolved according to the state's legal framework. Types of Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower may vary depending on specific terms, clauses, or additional provisions stated in the agreement. Some variations may include specific provisions related to default and remedies, indemnification, specific performance, or events of termination. It is essential to consult an attorney to understand the specific terms and conditions of any Nebraska Guaranty of Promissory Note by Corporation — Corporate Borrower as they can vary based on individual circumstances and preferences.