Common use of Personal Guaranty Clause in Contracts

Personal Guaranty. If the Account was established with a Personal Guaranty, every Guarantor agrees to unconditionally, absolutely and irrevocably personally guarantee payment of all amount due and performance of Borrower under the terms of this Credit Agreement. In the event of a default under this Credit Agreement, Guarantor agrees to pay the total outstanding balance under this Credit Agreement upon demand, and without requiring Lender to proceed first to enforce payment against the Borrower. The Guarantor waives all notices regarding the Credit Agreement or this guaranty, and agrees that this guaranty shall remain in full force and effect until the Credit Agreement has terminated and all amounts due have been paid in full. Guarantor agrees that Lender may report the personal liability of Guarantor for the Account and the status of the Account to credit bureaus and others who may lawfully receive such information. The Guarantor agrees that his or her personal credit history may be used in making credit decisions, and authorizes Lender to obtain consumer reports on the Guarantor from time to time.

Personal Guaranty. If the Account was established with a Personal Guaranty, every Guarantor agrees to unconditionally, absolutely and irrevocably personally guarantee payment of all amount due and performance of Borrower under the terms of this Credit Agreement. In the event of a default under this Credit Agreement, Guarantor Xxxxxxxxx agrees to pay the total outstanding balance under this Credit Agreement upon demand, and without requiring Lender to proceed first to enforce payment against the Borrower. The Guarantor waives all notices regarding the Credit Agreement or this guaranty, and agrees that this guaranty shall remain in full force and effect until the Credit Agreement has terminated and all amounts due have been paid in full. Guarantor Xxxxxxxxx agrees that Lender Xxxxxx may report the personal liability of Guarantor for the Account and the status of the Account to credit bureaus and others who may lawfully receive such information. The Guarantor agrees that his or her personal credit history may be used in making credit decisions, and authorizes Lender Xxxxxx to obtain consumer reports on the Guarantor from time to time.

Personal Guaranty. If the Account was established with a Personal Guaranty, every Guarantor agrees to unconditionally, absolutely and irrevocably personally guarantee payment of all amount due and performance of Borrower under the terms of this Credit Agreement. In the event of a default under this Credit Agreement, Guarantor Xxxxxxxxx agrees to pay the total outstanding balance under this Credit Agreement upon demand, and without requiring Lender to proceed first to enforce payment against the Borrower. The Guarantor waives all notices regarding the Credit Agreement or this guaranty, and agrees that this guaranty shall remain in full force and effect until the Credit Agreement has terminated and all amounts due have been paid in full. Guarantor Xxxxxxxxx agrees that Lender Xxxxxx may report the personal liability of Guarantor for the Account and the status of the Account to credit bureaus and others who may lawfully receive such information. The Guarantor agrees that his or her personal credit history may be used in making credit decisions, and authorizes Lender Xxxxxx to obtain consumer reports on the Guarantor from time to time.