San Antonio Texas Guaranty of Promissory Note by Corporation - Corporate Borrower

• Category: Promissory Notes - Guaranty
• State: Multi-State
• City: San Antonio
• 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. San Antonio Texas Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that guarantees the repayment of a promissory note by a corporation based in San Antonio, Texas. This document serves as a legally binding agreement between the corporation (the "Borrower") and the lender, ensuring that the borrowed amount will be repaid according to the terms and conditions outlined in the promissory note. In San Antonio, Texas, there are various types of Guaranty of Promissory Note documents specifically tailored to suit different borrowing and lending scenarios. Some common types include: 1. Limited Guaranty of Promissory Note: This type of guarantee limits the liability of the corporate borrower to a specific amount or a predetermined set of obligations. It provides some protection to the guarantor by stipulating the maximum extent of their financial responsibility. 2. Unconditional Guaranty of Promissory Note: In this form, the guarantor accepts unlimited liability for the debt and pledges to repay the entire amount borrowed by the corporation if the borrower fails to fulfill their obligations. This type of guarantee may not have predetermined limits, exposing the guarantor to a higher level of risk. 3. Continuing Guaranty of Promissory Note: Unlike a limited guaranty, a continuing guaranty covers multiple promissory notes or future extensions of credit issued to the corporate borrower. It remains in effect until explicitly revoked or terminated by the guarantor. 4. Payment Guaranty of Promissory Note: This type of guarantee assures the lender that the corporate borrower will make timely payments of the principal debt and any additional interest or fees specified in the promissory note. It focuses on ensuring the borrower's payment obligations are met. 5. Collection Guaranty of Promissory Note: This guarantee comes into effect when the lender is unable to collect on the debt owed by the corporate borrower. The guarantor assumes responsibility for the collection of the outstanding amount and covers any costs associated with legal action or collection efforts. It is important for both the corporate borrower and the guarantor to carefully review and understand the specific terms mentioned in the Guaranty of Promissory Note document. Seeking legal counsel is recommended to ensure compliance with local laws and regulations in San Antonio, Texas.

San Antonio Texas Guaranty of Promissory Note by Corporation — Corporate Borrower is a legal document that guarantees the repayment of a promissory note by a corporation based in San Antonio, Texas. This document serves as a legally binding agreement between the corporation (the "Borrower") and the lender, ensuring that the borrowed amount will be repaid according to the terms and conditions outlined in the promissory note. In San Antonio, Texas, there are various types of Guaranty of Promissory Note documents specifically tailored to suit different borrowing and lending scenarios. Some common types include: 1. Limited Guaranty of Promissory Note: This type of guarantee limits the liability of the corporate borrower to a specific amount or a predetermined set of obligations. It provides some protection to the guarantor by stipulating the maximum extent of their financial responsibility. 2. Unconditional Guaranty of Promissory Note: In this form, the guarantor accepts unlimited liability for the debt and pledges to repay the entire amount borrowed by the corporation if the borrower fails to fulfill their obligations. This type of guarantee may not have predetermined limits, exposing the guarantor to a higher level of risk. 3. Continuing Guaranty of Promissory Note: Unlike a limited guaranty, a continuing guaranty covers multiple promissory notes or future extensions of credit issued to the corporate borrower. It remains in effect until explicitly revoked or terminated by the guarantor. 4. Payment Guaranty of Promissory Note: This type of guarantee assures the lender that the corporate borrower will make timely payments of the principal debt and any additional interest or fees specified in the promissory note. It focuses on ensuring the borrower's payment obligations are met. 5. Collection Guaranty of Promissory Note: This guarantee comes into effect when the lender is unable to collect on the debt owed by the corporate borrower. The guarantor assumes responsibility for the collection of the outstanding amount and covers any costs associated with legal action or collection efforts. It is important for both the corporate borrower and the guarantor to carefully review and understand the specific terms mentioned in the Guaranty of Promissory Note document. Seeking legal counsel is recommended to ensure compliance with local laws and regulations in San Antonio, Texas.