Common use of PERSONAL GUARANTEE Clause in Contracts

PERSONAL GUARANTEE. If the Lessee is a corporation or partnership, then the person signing this agreement, whether signed as an officer or partner or not, personally guarantees payment under this agreement. The undersigned unconditionally guarantees to the Lessor the full and prompt payment of any and all indebtedness, which may at any time be owing to Lessor by corporation or partnership, and the undersigned agrees to pay all indebtedness. The obligations and liabilities of Lessee and the undersigned guarantor shall be joint and several.

PERSONAL GUARANTEE. If the Lessee is a corporation or partnership, then the person signing this agreementcontract, whether signed signing as an officer or partner or not, personally guarantees payment due under this agreementthe contract. The undersigned unconditionally guarantees to the Lessor the full and prompt payment of any and all indebtedness, which may at any time be owing to Lessor by corporation or partnership, and the undersigned agrees to pay all said indebtedness. The obligations and liabilities of Lessee and the undersigned guarantor shall be joint and several.