Personal Guaranty definition
Personal Guaranty means any guaranty from a principal of a Borrower substantially in the form required by the Servicing Agreement.
Personal Guaranty means, with respect to a Loan satisfying the Credit Criteria outlined in this Addendum No. 4, a guaranty by an individual person of all or any portion of the obligations under such loan, as the same may be amended, restated, supplemented or otherwise modified from time to time.
Personal Guaranty means any written guaranty of Company’s duties and obligations to Elavon and Member by a Person that is given in connection with the Agreement, including as part of this TOS, the Company Application or any other document signed by the Person in favor of Elavon or Member.
Examples of Personal Guaranty in a sentence
If the tenant’s business is not credible then the landlord should consider having the tenant sign a Personal Guaranty which binds the owner of the Company to the lease.
The Participants acknowledge and agree that the Sponsor has the right to release or modify the terms of, or not require, any Personal Guaranty or any Spousal Consent.
It is further understood and agreed by the undersigned that the provisions, covenants and conditions of this Personal Guaranty will inure to the benefit of our successors and assigns.
This is an absolute, unconditional, primary, and continuing obligation and will remain in full force and effect until the first to occur of the following: (a) all of the Obligations have been indefeasibly paid in full, and L▇▇▇▇▇ has terminated this Personal Guaranty, or (b) 30 days after the date on which written notice of revocation is actually received and accepted by Lender.
This is an absolute, unconditional, primary, and continuing obligation and will remain in full force and effect until the first to occur of the following: (a) all of the Obligations have been indefeasibly paid in full, and Lender has terminated this Personal Guaranty, or (b) 30 days after the date on which written notice of revocation is actually received and accepted by Lender.
More Definitions of Personal Guaranty
Personal Guaranty means a personal guaranty executed by the Guarantor guaranteeing the Obligations, dated as of the date hereof and substantially in the form of Exhibit F hereto.
Personal Guaranty. I/We hereby guarantee to Global Direct and Member, and to their successors and assigns, the full, prompt and complete performance of Merchant and all of Merchant’s obligations under this Agreement, including, but not limited to, all monetary obligations arising out of Merchant’s performance or non-performance under this Agreement, whether arising before or after termination of this Agreement. The guaranty shall not be discharged or otherwise affected by any waiver, indulgence, compromise, settlement, extension of credit, or variation of terms of this Agreement made by or agreed to by Global Direct, Member, and/or Merchant. I/We hereby waive any notice of acceptance of this guaranty, notice of non-payment or non-performance of any provision of this Agreement by Merchant, and all other notices or demands regarding this Agreement. I/We agree to promptly provide to Global Direct and Member any information requested by either of them from time to time, concerning my/our financial condition(s), business history, business relationships and employment information. I/We have read, understand, and agree to be bound by the Agreement provided to Merchant. TAPE VOIDED CHECK HERE MERCHANT CREDIT CARD PROCESSING AGREEMENT - PAGE 4 OF 5 Communication Interchange / Access Account Servicing Other NOTE: The Discount Rates listed above apply to all card types: Visa Credit, Visa Check, MasterCard Credit, Debit MasterCard, and Discover Credit, and Discover Debit cards. No Termination Fee: The term of this Agreement is month-to-month. In other words, you may terminate this Agreement for any reason as of the end of any processing month, without being charged a termination fee. PIN Debit: In addition to the per transaction fee, all Debit transactions include fees assessed by the applicable Debit network organization. If no per transaction fee is specified above, debit transactions will be subject to the same communications fee as Visa/MasterCard/Discover, specified above. American Express: In addition to the communications fee, all American Express transactions include a discount rate and a per item fee assessed directly by American Express, and are determined by the type of business at boarding. A 0.30% downgrade will be charged for Retail transactions whenever a Card Not Present or Charge Not Present Charge occurs. If no per transaction fee is specified above, American Express transactions will be subject to the same communications fee as Visa/MasterCard/Discover, specified abov...
Personal Guaranty means any guaranty from a principal or member of a US Borrower substantially in the form of Exhibit F or from a principal or member of a Canadian Borrower substantially in the form of Exhibit L.
Personal Guaranty means that certain Personal Guaranty Agreement, dated as of the date of the Loan Agreement, by and between the Personal Guarantor and the Lenders, and pursuant to which the Personal Guarantor unconditionally guarantees payment and performance of up to Five Hundred Thousand Dollars ($500,000) of the Indebtedness.
Personal Guaranty means a Personal Guaranty, dated the date hereof, made by E▇▇▇▇▇ ▇. ▇▇▇▇▇ in favor of the Purchaser, in form and substance satisfactory to the Purchaser, as amended from time to time.
Personal Guaranty. In consideration for us entering into this Lease, the Guarantor whose signature pass code is below, If any, unconditionally and irrevocably guarantees to us the prompt payment and performance of all obligations of Lessee under this Lease regardless of any circumstance which might otherwise be a defense available to or a discharge of Lessee or the Guarantor. Guarantor agrees that this is a guaranty of payment and not of collection, and that we can proceed directly against Guarantor without first proceeding against Lessee or the Equipment. Guarantor waives all defenses and notices, including those of protest, presentment and demand, notice of acceptance hereof and all other notices of any kind. Guarantor agrees that we can renew, extend or otherwise modify the terms of this Lease without releasing Guarantor. Guarantor will pay to us all expenses including attorneys' fees incurred by us in enforcing our rights against Guarantor. This is a continuing guaranty that will not be discharged or affected by Guarantor's death and will bind Guarantor's heirs, administrators and personal representatives. We may, without affecting Guarantor's liability hereunder, compromise or release any rights against Lessee or the Equipment or any Guarantor. Guarantor consents to the transfer, sale or any other disposition of the Equipment and the Lease. This Guaranty may be enforced by any assignee or successor of ours to the same extent that we may enforce it. Guarantor authorizes us and any of our affiliates and assigns to obtain credit bureau reports regarding Guarantor's personal credit and make other credit inquiries that we determine are necessary. Guarantor agrees to the terms of this Personal Guaranty including being governed by the laws of the State of Illinois and to arbitration as provided above. LESSEE OR AN AUTHORIZED REPRESENTATIVE OF LESSEE HAS PROVIDED US WITH A PASS CODE, TO REPRESENT LESSEE'S SIGNATURE AND HAS AUTHORIZED US TO PLACE THE PASS CODE ON THIS LEASE TO SIGNIFY THE LESSEE'S INTENT TO BE BOUND BY THE TERMS AND CONDITIONS OF THE LEASE. THE GUARANTOR, IF ANY, HAS AUTHORIZED US TO PLACE A PASS CODE WITH THE LETTERS "PG". TO REPRESENT HIS OR HER SIGNATURE AND TO SIGNIFY GUARANTOR'S IN TENT TO PERSONALLY GUARANTEE THE LEASE. BUSINESS APPROVAL PASS CODE: 090341 18-OCT-04 01 :59:15 PM PG Required? Yes
Personal Guaranty means a guaranty executed by the Insured in favor of the Lender in such form as shall be agreed to by the Lender.