Sample Specific Guaranty Letters: Free Letter Examples https://businessletterformat.org The Best Resources For Business Letter Format, Samples and Layout Sat, 10 Jan 2009 11:42:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 Specific Guaranty https://businessletterformat.org/specific-guaranty/ Sat, 10 Jan 2009 11:42:55 +0000 http://businessletterformat.org/specific-guaranty/ FOR GOOD AND VALUABLE CONSIDERATION, and as an inducement for (company) to extend credit to (borrower); the undersigned jointly and severally and unconditionally guaranty to Company the prompt and full payment of the following debt owed to Company from Borrower: (description of debt) And the undersigned agree to remain bound on this guaranty notwithstanding any […]

The post Specific Guaranty first appeared on Business Letter Format.]]> FOR GOOD AND VALUABLE CONSIDERATION, and as an inducement
for (company) to extend credit to (borrower); the undersigned
jointly and severally and unconditionally guaranty to Company
the prompt and full payment of the following debt owed to
Company from Borrower:

(description of debt)

And the undersigned agree to remain bound on this
guaranty notwithstanding any extension, forbearance or
waiver, or release, discharge or substitution of any
collateral or security for the debt. In the event of default,
the company may seek payment directly from the undersigned
without need to proceed first against Borrower.

This guaranty shall be binding upon and inure to the
benefit of the parties, their successors, assigns and personal
representatives.

Signed under seal this (day) day of (month), 19(86).

________________________________

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