To induce Lender to make a Term Loan to Borrower pursuant to Lenderís Promissory Note and in consideration thereof and intending to be legally bound, the undersigned hereby unconditionally, irrevocably and absolutely guarantees to Lender the due and punctual payment in full (and not merely the collectibility) of the principal and interest on this Promissory Note, when due and payable, whether on any principal or interest installment payment date or at the stated or accelerated maturity, all according to the Terms and Conditions of the Term Loan. Such guaranty is not conditioned or contingent upon any attempt to collect from Borrower. The Guarantor hereby waives presentment and demand for payment on the principal of or interest on the Promissory Note and protest of non-payment and all other notices and demands required by law which the undersigned may lawfully waive.
Guarantor hereby unconditionally, absolutely and irrevocably, as a primary obligor and not merely as a surety, guarantees to Lender the punctual and complete payment when due, whether at or after maturity, upon acceleration or otherwise.
Guarantor agrees to remain liable for any Borrower obligation regardless of any change in the time, manner or place of payment of all or any of the obligations now existing or hereafter coming into existence and arising from, by reason of, or in any way relating to any of the terms, covenants, conditions or agreements of the loan or any extensions of time for payment, whether in whole or in part, of the terms of the loan or on the part of Borrower to be paid, performed or observed, as applicable.
STATE OF___________________ )
COUNTY OF_________________ )
On this ________ day of _________, 200____, before me, the undersigned, personally appeared _______________________ personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.
My Commission Expires:____________________