Common use of Guaranty of Loan Clause in Contracts

Guaranty of Loan. Guarantor unconditionally guaranties to Bank the full payment of and performance of Borrower's obligations in connection with the Loan, and unconditionally agrees to pay Bank the full amount of the Loan. This is a guaranty of payment, not of collection. If Borrower causes an Event of Default to occur in the payment when due of the Loan or any part of it, Guarantor shall in lawful money of the United States pay to Bank or order, on demand, all sums due and owing on the Loan, including all interest, charges, fees and other sums, costs and expenses.

Appears in 2 contracts

Samples: Payment Guaranty (Historic Preservation Properties 1989 Limited Partnership), Payment Guaranty (Historic Preservation Properties 1989 Limited Partnership)

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Guaranty of Loan. Guarantor unconditionally guaranties to Bank the full ---------------- payment of and performance of Borrower's obligations in connection with the Loan, and unconditionally agrees to pay Bank the full amount of the Loan. This is a guaranty of payment, not of collection. If Borrower causes an Event of Default to occur defaults in the payment when due of the Loan or any part of it, Guarantor shall in lawful money of the United States pay to Bank or order, on demand, all sums due and owing on the Loan, including all interest, charges, fees and other sums, costs and expenses.

Appears in 2 contracts

Samples: Indemnity Agreement (Prolong International Corp), Secured and Unsecured Indemnity Agreement (Prolong International Corp)

Guaranty of Loan. Guarantor unconditionally guaranties to Bank the ---------------- full payment of and performance of Borrower's obligations in connection with the Loan, and unconditionally agrees to pay Bank the full amount of the Loan. This is a guaranty of payment, not of collection. If Borrower causes an Event of Default to occur defaults in the payment when due of the Loan all or any part of itthe Loan, Guarantor shall in lawful money of the United States pay to Bank or order, on demand, all sums due and owing on the Loan, including all interest, charges, fees and other sums, costs and expenses.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Essex Property Trust Inc)

Guaranty of Loan. Guarantor unconditionally guaranties guarantees to Bank the ---------------- full payment of and performance of Borrower's obligations in connection with the Loan, and unconditionally agrees to pay Bank the full amount of the Loan. This is a guaranty of payment, not of collection. If Borrower causes an Event of Default to occur defaults in the payment when due of the Loan or any part of it, Guarantor shall in lawful money of the United States pay to Bank or order, on demand, all sums due and owing on the Loan, including all interest, charges, fees and other sums, costs and expenses.

Appears in 1 contract

Samples: Trex Co Inc

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Guaranty of Loan. Guarantor unconditionally guaranties to Bank Lender the full payment of and performance of Borrower's obligations in connection with the Loan, Guarantied Obligations (defined below) and unconditionally agrees to pay Bank Lender the full amount of the LoanGuarantied Obligations. This is a guaranty of payment, not of collection. If Borrower causes an Event of Default to occur defaults in the payment when due of the Loan all or any part of itthe Guarantied Obligations, Guarantor shall in lawful money of the United States pay to Bank Lender or order, on demand, all sums due and owing on the LoanGuarantied Obligations, including all interest, charges, fees and other sums, costs and expenses.

Appears in 1 contract

Samples: Commercial Guaranty (Greenkraft, Inc.)

Guaranty of Loan. Guarantor unconditionally guaranties to Bank the ---------------- full payment of and performance of Borrower's obligations in connection with the Loan, and unconditionally agrees to pay Bank the full amount of the Loan. This is a guaranty of payment, not of collection. If Borrower causes an Event of Default to occur defaults in the payment when due of the Loan or any part of it, Guarantor shall in lawful money of the United States pay to Bank or order, on demand, all sums due and owing on the Loan, including all interest, charges, fees and other sums, costs and expenses.

Appears in 1 contract

Samples: Credit Loan Agreement (Bre Properties Inc /Md/)

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