Unlimited Guarantee Respecting Credit

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which being hereby acknowledged, and as a condition of__________________ (the "Company"),

extending credit to____________________ (the "Borrower"), the undersigned unconditionally guarantees to Company the prompt and full payment of all sums now owing or which may become hereinafter due to Company from the Borrower.

The undersigned agrees to remain fully bound in respect of this guarantee notwithstanding any extension, forbearance, waiver, release, discharge or substitution of the debt or any collateral, guarantee or security for the debt. In the event of default, the Company may seek payment directly from the undersigned without being required to proceed first against the Borrower.

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

Dated this______day of_______________, 201(x).

IN WITNESS WHEREOF I have hereunto set my hand and seal on the day and year first above written.

____________________________________
Borrower

 

in the presence of:

 

_________________________________________
WITNESS

 

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