Personal Guaranties Clause Samples

Personal Guaranties. Except for ▇▇▇▇ ▇▇▇▇▇▇▇ (and his spouse, if any), whose Personal Guaranty shall be in the form attached hereto as Schedule 3.7, no other person holding any stock of other equity interest in the Purchaser, or any party affiliated with the Purchaser, is giving a personal guaranty to Mountain West Bank or any affiliate of said bank with respect to financing the purchase of any of the Transferred Assets.

Personal Guaranties. Options shall attempt to effect the removal of ▇▇▇▇▇▇▇▇ from any and all personal guaranties for vendor relationships that relate to or arise from the Merger Agreement and subsequent events arising from that agreement, specifically identified as : (a) ▇▇▇▇▇▇ Leasing A/C 001-037-4743-002; (b) ▇▇▇▇▇▇ Leasing A/C 001-037-4743-001; (c) American Express A/C ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇; and (d) American Express A/C ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇. In the event that Options is unable to effect the removal of ▇▇▇▇▇▇▇▇ as guarantor from the obligations identified as Section 5(b)-(d) within 5 days of this Agreement, it shall pay off and discharge those obligations in full and indemnify and hold harmless ▇▇▇▇▇▇▇▇ from any and all damages for any action filed in connection with these obligation. In the event that Options is unable to effect the removal of ▇▇▇▇▇▇▇▇ as guarantor from the obligation identified as 5(a) within 5 days of this Agreement, Options shall deposit a sum equal to the full payout of that obligation, including principal, interest, fees, and costs, into the trust account of its attorneys, ▇▇▇▇▇▇ ▇▇▇▇▇▇ LLP with irrevocable instructions that the sum shall be solely used for the monthly payment of the obligation, and Options shall pay off and discharge those obligations in full, and indemnify and hold harmless ▇▇▇▇▇▇▇▇ from any and all damages for any action filed in connection with these obligation.

Personal Guaranties. Within 10 business days after the Closing, TST and Brokat shall have taken the necessary steps to relieve the Individual Shareholders of personal guaranties on a TST line of credit and other liabilities of TST with a present aggregate outstanding balance of approximately $60,000.00 (Sixty Thousand United States Dollars) which they have made on behalf of TST as principal debtor. The Individual Shareholders shall deliver to Brokat, at or before the Closing, documentation evidencing such guaranties and the amount thereof. From and after the Closing, Brokat agrees to indemnify and hold the Individual Shareholders from and against any and all liability under the mentioned guaranties.

Personal Guaranties. In the event a financial institution (the “Lender”! requires in connection with an extension of credit to the Company, approved by the Partners in accordance with Subsection 6.11 (i) of the Agreement, that one or more Partners must guarantee repayment (collectively, “Guaranties” and, individually^ a “Guaranty”) of any loan or other financial obligation to repay such credit (collectively, the “Loan Obligation’’^ and if the Lender recovers payment from fewer than all of such Partners (collectively, the “Paving Guarantors”, and, individually, a “Paving Guarantor”), then each Partner of the Company who consented to and guaranteed the Loan Obligation (the “Contributing Guarantors” and, individually, a “Contributing Guarantor”) shall be obligated to pay his or her proportionate share of the Loan Obligation or contribute proportionately to the Paying Guarantors his or her proportionate share of the full amounts which are repaid to the Lender by the Paying Guarantors. Fourth Amended and Restated Operating Agreement of CGCN Group, LLC dated as of January 1, 2018 Schedules, exhibits, charts & graphic materials used to explain.every section of this agreement are on pages 36-44 6/27/18

Personal Guaranties. An original personal guaranty by (i) ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, husband and wife, and (ii) ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, husband and wife, in the forms attached as Exhibits C and D.

Personal Guaranties. Purchaser shall make best efforts to obtain the release or termination of all Personal Guaranties from PGM's lenders within ninety (90) days from the date of Closing. If any such Personal Guaranties are not released within ninety (90) days of the Closing, Purchaser shall indemnify Sellers and hold them harmless for and from any and all claims and any and all losses by and all losses arising under such Personal Guaranties for obligations under such Personal Guaranties arising because of advances or obligations arising under the Guarantied Loans after the Closing. 10.7

Personal Guaranties. The personal guarantees given by any and all guarantors shall be valid for the entire term of the Lease, commencing upon mutual execution of this Lease. (See "Exhibit A" Below)

Personal Guaranties. If any personal guaranty(s) has been executed as part of a Credit Application, the following constitute the terms of the Guaranty: Guarantors jointly and severally personally guarantees payment of all present and future indebtedness of Buyer to National Lumber including all renewals and extensions of such indebtedness. Guarantors consent to National Lumber obtaining personal and business consumer credit reports on them for (a) the extension of credit to Buyer, or (b) the collection of debt from Buyer and/or Guarantor(s). Guarantor waives all notices from National Lumber and waives the right to require National Lumber to proceed against Buyer. Guarantor waives the benefit of any limitations affecting their liability hereunder or the enforcement thereof to the extent permitted by law. Guarantor agrees that Guarantor’s personal guaranty shall not be deemed to be suspended, stayed, released, terminated or discharged by any of the following: any modification, substitution, settlement, supplement, extension of time, or compromise granted to Buyer; any change in the relationship between Guarantor and Buyer, including the sale of any or all of Guarantor’s ownership interest in Buyer; the execution of new or additional guarantees by Guarantor or by others; any change whatsoever in the business relationship between National Lumber and Buyer, including but not limited to any change in credit terms, amount of credit, or amount of interest or service charges; any transfer of new or additional security by anyone for payment of Buyer’s indebtedness to Seller; the bankruptcy of Buyer; the release or discharge of Buyer’s debt to National Lumber; an automatic stay of proceedings against Buyer; National Lumber’s failure to exercise diligence against Buyer or against any guarantor, including Guarantor; a failure or refusal by Buyer to execute a new or updated Credit Agreement and/or personal guaranty; or National Lumber’s knowledge that Guarantor is not an officer or owner of Buyer. This is an absolute and continuing Guaranty. It shall be conclusively presumed that all sales by National Lumber to Buyer are made in reliance upon Guarantor’s personal guaranty.

Personal Guaranties. Dycom agrees to use its best efforts to remove and replace the Communications Shareholders as personal guarantors of lines of credit of Communications. Communications Shareholders warrant that there are no amounts in excess of $5,337,456.76 due under such lines of credit as of the date hereof. If Dycom is unsuccessful in removing and replacing the Communications Shareholders as guarantors, Dycom agrees to indemnify Communications Shareholders for any claims made on such guaranty agreements. 23 Section 8.4