Indebtedness Guaranteed. Guarantor unconditionally and irrevocably guarantees the prompt payment when due, whether at maturity or otherwise, of all of the Indebtedness. If Guarantor fails to make any payment of any part of the Indebtedness when due or, if the Note or Security Document under which such payment is due provides any cure period, before the expiration of said cure period, then said failure will constitute a default under this Guaranty Agreement.
Appears in 3 contracts
Samples: Guaranty Agreement (Moody National REIT I, Inc.), Guaranty Agreement (Moody National REIT I, Inc.), Guaranty Agreement (Moody National REIT I, Inc.)
Indebtedness Guaranteed. Guarantor hereby unconditionally and irrevocably guarantees the prompt payment and/or performance when due, whether at maturity or otherwise, of all of the Indebtedness. If If: (i) Guarantor fails to make any payment or performance of any part of the Indebtedness when due or, if due; or (ii) the Note or Security Document Loan Documents under which such payment or performance is due provides provide for any cure periodperiod Guarantor fails to cure such default, before the expiration of said cure period, ; then said failure will shall constitute a default under this Guaranty Agreementhereunder.
Appears in 1 contract
Samples: Commercial Guaranty Agreement (Independent Bank Group Inc)
Indebtedness Guaranteed. Guarantor hereby unconditionally and irrevocably guarantees the prompt payment when due, whether at maturity or otherwise, of all of the Indebtedness. If Guarantor Borrower fails to make any payment of any part of the Indebtedness when due or, if the Note or Security Document under which such payment is due provides any cure period, before after the expiration of said any notice and cure periodperiod provided in the Notes or Security Documents, if any, then said failure will shall constitute a default under this Guaranty Agreementhereunder.
Appears in 1 contract