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Guarantee by a Guarantor in favour of a Lender of all the debts and obligations of a Borrower to a Lender with Recourse only to Specific Asset.
Details:
Document Outline:
Guarantee
(Limited Recourse)
THIS GUARANTEE made as of
WHEREAS the undersigned ...
NOW THEREFORE THIS AGREEMENT WITNESSES as follows:
1. Guarantee.
2. Limited Recourse.
3. Guarantee Absolute.
4. No Release or Discharge.
5. No Exhaustion of Remedies.
6. No Set-off.
7. Continuing Guarantee.
8. Demand for Payment.
9. Subrogation.
10. Waiver of Notice of Acceptance.
11. Benefit of the Guarantee.
12. Entire Agreement.
13. No Waiver, Remedies.
14. Severability.
15. Notices.
To the Creditor:
To the Guarantor:
16. Assignment.
17. Governing Law.
IN WITNESS WHEREOF the Guarantor has executed this Guarantee.
Borrowing & Lending Forms