Broward Florida Guaranty of Promissory Note by Corporation - Corporate Borrower

• Category: Promissory Notes - Guaranty
• State: Multi-State
• County: Broward
• 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 Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that serves as a contractual agreement between a corporation and a lender. This guaranty aims to provide assurance to the lender that the corporation will fulfill its obligations outlined in a promissory note, a written promise to repay a debt. This specific form of guaranty is designed specifically for Broward County, Florida, ensuring compliance with the legal requirements and regulations specific to this jurisdiction. It is crucial for both borrowers and lenders to understand the terms and conditions mentioned in this document before entering into the agreement. The Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower typically includes the following key elements: 1. Parties Involved: The document clearly identifies the involved parties, including the corporation (as the borrower) and the lender. It includes their full legal names, contact information, and identifies their roles in the agreement. 2. Promissory Note Details: This guaranty agreement refers to a specific promissory note, providing information such as the principal amount borrowed, the interest rate, repayment terms, maturity date, and any other specific conditions relevant to the loan. 3. Guarantor's Obligations: The corporation, acting as the guarantor, assures the lender that it will fulfill the obligations set out in the promissory note should the borrower default on payments. This includes ensuring timely payment of principal and interest, fees, penalties, or any other charges mentioned in the promissory note. 4. Personal Guarantee: The document may also require one or more individuals associated with the corporation (such as directors, officers, or shareholders) to personally guarantee the loan. This implies that in the event of default, the personal assets of the guarantors may become liable for repayment. 5. Representations and Warranties: The guarantor may include various representations and warranties asserting that the corporation is legally authorized, qualified, and duly organized to enter into this agreement, and that it has the necessary approvals, licenses, and permits to conduct its business operations. 6. Governing Law and Jurisdiction: Given its specificity to Broward County, Florida, this guaranty stipulates that any disputes or legal actions arising from the agreement will be subject to the laws of Florida and the exclusive jurisdiction of the courts within Broward County. Some possible variations of the Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower may include specific clauses related to collateral pledges, events of default, provisions for acceleration of repayment, or other terms tailored to the specific needs of the borrower and lender. It is important to note that while this description provides an overview of the typical elements found in a Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower, it is always recommended that individuals seeking or providing legal advice consult with an attorney or legal professional to ensure compliance with local laws and specific circumstances.

The Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that serves as a contractual agreement between a corporation and a lender. This guaranty aims to provide assurance to the lender that the corporation will fulfill its obligations outlined in a promissory note, a written promise to repay a debt. This specific form of guaranty is designed specifically for Broward County, Florida, ensuring compliance with the legal requirements and regulations specific to this jurisdiction. It is crucial for both borrowers and lenders to understand the terms and conditions mentioned in this document before entering into the agreement. The Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower typically includes the following key elements: 1. Parties Involved: The document clearly identifies the involved parties, including the corporation (as the borrower) and the lender. It includes their full legal names, contact information, and identifies their roles in the agreement. 2. Promissory Note Details: This guaranty agreement refers to a specific promissory note, providing information such as the principal amount borrowed, the interest rate, repayment terms, maturity date, and any other specific conditions relevant to the loan. 3. Guarantor's Obligations: The corporation, acting as the guarantor, assures the lender that it will fulfill the obligations set out in the promissory note should the borrower default on payments. This includes ensuring timely payment of principal and interest, fees, penalties, or any other charges mentioned in the promissory note. 4. Personal Guarantee: The document may also require one or more individuals associated with the corporation (such as directors, officers, or shareholders) to personally guarantee the loan. This implies that in the event of default, the personal assets of the guarantors may become liable for repayment. 5. Representations and Warranties: The guarantor may include various representations and warranties asserting that the corporation is legally authorized, qualified, and duly organized to enter into this agreement, and that it has the necessary approvals, licenses, and permits to conduct its business operations. 6. Governing Law and Jurisdiction: Given its specificity to Broward County, Florida, this guaranty stipulates that any disputes or legal actions arising from the agreement will be subject to the laws of Florida and the exclusive jurisdiction of the courts within Broward County. Some possible variations of the Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower may include specific clauses related to collateral pledges, events of default, provisions for acceleration of repayment, or other terms tailored to the specific needs of the borrower and lender. It is important to note that while this description provides an overview of the typical elements found in a Broward Florida Guaranty of Promissory Note by Corporation — Corporate Borrower, it is always recommended that individuals seeking or providing legal advice consult with an attorney or legal professional to ensure compliance with local laws and specific circumstances.