Guarantee保证例文1doc.docx
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Guarantee保证例文1doc
Guarantee保证书-
WHEREAS,DDDLimited,a_________(STATE)corporation(SELLER),andEEE,acorporationorganizedunderthelawsofthe_________(ADDRESS)(THINTERNATIONAL),aredirectorindirectsubsidiariesoftheGuarantor;and
WHEREAS,simultaneouslywiththeexecutionanddeliveryofthisGuarantee,theBuyerPartieswillenterintoaStockPurchaseAgreement,datedasofthedatehereof(asamendedfromtimetotime,theSTOCKPURCHASEAGREEMENT),withSeller,pursuanttowhichSellerwillselltoBBB,andBBBwillpurchasefromSeller,alloftheissuedandoutstandingsharesofcapitalstockofTHInternational.
NOW,THEREFORE,inconsiderationofthepremiseshereinandtoinducetheBuyerPartiestoenterintotheStockPurchaseAgreement,theGuarantorherebyagreeswiththeBuyerPartiesasfollows:
1.DEFINEDTERMS.Unlessotherwisedefinedherein,termswhicharedefinedintheStockPurchaseAgreementandusedhereinaresousedassodefined.
2.GUARANTEE.TheGuarantorherebyunconditionallyandirrevocablyguaranteestotheBuyerPartiesthepromptandcompletepaymentandperformanceofallobligationsoftheSellerintheStockPurchaseAgreement.TheGuarantorfurtheragreestopayanyandallreasonableexpenses(including,withoutlimitation,allfeesanddisbursementsofcounsel)whichmaybepaidorincurredbytheBuyerPartiesinenforcinganyoftheirrightsunderthisGuarantee.
NopaymentorpaymentsmadebytheSelleroranyotherpersonorreceivedorcollectedbyanyBuyerPartyfromtheSelleroranyotherPersonbyvirtueofanyactionorproceedingoranyset-offorappropriationorapplication,atanytimeorfromtimetotime,inreductionoforinpaymentoftheobligationsguaranteedhereundershallbedeemedtomodify,reduce,releaseorotherwiseaffecttheliabilityoftheGuarantorhereunderwhichshall,notwithstandinganysuchpaymentorpayments,remainliablehereunder.
3.NOSUBROGATION,CONTRIBUTION,REIMBURSEMENTORINDEMNITY.NotwithstandinganythingtothecontraryinthisGuarantee,theGuarantorherebyirrevocablywaivesallrightswhichmayhaveariseninconnectionwiththisGuaranteetobesubrogatedtoanyoftherightsofanyBuyerPartyagainsttheSellerforthepaymentoftheobligationsguaranteedhereunder.TheGuarantorherebyfurtherirrevocablywaivesallcontractual,commonlaw,statutoryorotherrightsofreimbursement,contribution,exonerationorindemnity(oranysimilarright)fromoragainsttheSelleroranyotherPersonwhichmayhaveariseninconnectionwiththisGuarantee.
4.AMENDMENTS,ETC.WITHRESPECTTOTHEOBLIGATIONS.TheGuarantorshallremainobligatedhereundernotwithstandingthat,withoutanyreservationofrightsagainsttheGuarantor,andwithoutnoticetoorfurtherassentbytheGuarantor,anydemandforpaymentofanyoftheobligationsmadebyanyBuyerPartymayberescindedbysuchBuyerParty,andanyoftheobligationsguaranteedhereundercontinued,andtheobligationsguaranteedhereunder,ortheliabilityofanyotherpartyuponorforanypartthereof,orguaranteetherefororrightofoffsetwithrespectthereto,may,fromtimetotime,inwholeorinpart,berenewed,extended,amended,modified,accelerated,compromised,waived,surrenderedorreleasedbytheBuyerParties,andtheStockPurchaseAgreementmaybeamended,modified,supplementedorterminated,inwholeorinpart,astheBuyerPartiesmaydeemadvisablefromtimetotime,andanyguaranteeorrightofoffsetatanytimeheldbytheBuyerPartiesforthepaymentoftheobligationsguaranteedhereundermaybesold,exchanged,waived,surrenderedorreleased.
5.GUARANTEEABSOLUTEANDUNCONDITIONAL.TheGuarantorwaivesanyandallnoticeofthecreation,renewal,extensionoraccrualofanyoftheobligationsguaranteedhereunderandnoticeoforproofofreliancebyanyBuyerPartyuponthisGuaranteeoracceptanceofthisGuarantee;theobligationsguaranteedhereunder,andanyofthem,shallconclusivelybedeemedtohavebeencreated,contractedorincurredinrelianceuponthisGuarantee;andalldealingsbetweentheSellerortheGuarantor,ontheonehand,andtheBuyerParties,ontheother,shalllikewisebeconclusivelypresumedtohavebeenhadorconsummatedinrelianceuponthisGuarantee.TheGuarantorwaivesdiligence,presentment,protest,demandforpaymentandnoticeofnonpaymenttoorupontheSellerortheGuarantorwithrespecttotheobligationsguaranteedhereunder.ThisGuaranteeshallbeconstruedasacontinuing,absoluteandunconditionalguaranteeofpaymentwithoutregardto(a)thevalidityorenforceabilityoftheStockPurchaseAgreementoranydocumentsdeliveredpursuantthereto,anyoftheobligationsguaranteedhereunderoranyguaranteeorrightofoffsetwithrespecttheretoatanytimeorfromtimetotimeheldbytheBuyerParties,(b)anydefense,set-offorcounterclaim(otherthanadefenseofpaymentorperformance)whichmayatanytimebeavailabletoorbeassertedbytheSelleragainstanyoftheBuyerParties,or(c)anyothercircumstancewhatsoever(withorwithoutnoticetoorknowledgeoftheSellerortheGuarantor)whichconstitutes,ormightbeconstruedtoconstitute,anequitableorlegaldischargeoftheSellerfortheobligationsguaranteedhereunder,oroftheGuarantorunderthisGuarantee,inbankruptcyorinanyotherinstance.WhenpursuingtheirrightsandremedieshereunderagainsttheGuarantor,theBuyerPartiesmay,butshallbeundernoobligationto,pursuesuchrightsandremediesastheymayhaveagainsttheSelleroranyotherPersonoragainstanyguaranteefortheobligationsguaranteedhereunderoranyrighttooffsetwithrespectthereto,andanyfailurebytheBuyerPartiestopursuesuchotherrightsorremediesortocollectanypaymentsfromtheSelleroranysuchotherPersonortorealizeuponanysuchguaranteeortoexerciseanysuchrightofoffset,oranyreleaseoftheSelleroranysuchotherPersonoranysuchguaranteeorrightofoffset,shallnotrelievetheGuarantorofanyliabilityhereunder,andshallnotimpairoraffecttherightsandremedies,whetherexpress,impliedoravailableasamatteroflaw,ofanyBuyerPartyagainsttheGuarantor.
6.REINSTATEMENT.ThisGuaranteeshallcontinuetobeeffective,orbereinstated,asthecasemaybe,ifatanytimepayment,oranypartthereof,ofanyoftheobligationsguaranteedisrescindedormustotherwiseberestoredorreturnedbyanyBuyerPartyupontheinsolvency,bankruptcy,dissolution,liquidationorreorganizationoftheSelleroruponorasaresultoftheappointmentofareceiver,intervenororconservatorof,ortrusteeorsimilarofficerfor,theSelleroranysubstantialpartofitsproperty,orotherwise,allasthoughsuchpaymentshadnotbeenmade.
7.PAYMENTS.TheGuarantorherebyagreesthattheobligationswillbepaidtotheBuyerPartieswithoutset-offorcounterclaiminUnitedStatesDollarstoanaccountdesignatedbyParent.
8.LIMITATIONONGUARANTEE.Notwithstandinganythinghereintothecontrary,theGuarantorshallnotberequiredtomakepaymentsunderthisGuaranteeinexcessof$,_________.
9.REPRESENTATIONSANDWARRANTIES.TheGuarantorrepresentsandwarrantsthat:
(a)theGuarantorisacorporationdulyincorporatedunderthelawsofthe_________andhasthecorporatepowerandauthorityandthelegalrighttoownandoperateitsproperty,toleasethepropertyitoperatesandtoconductthebusinessinwhichitiscurrentlyengaged;
(b)theGuarantorhasfullpowerandauthoritytoenterintoandperformthisGuarantee,whichhasbeendulyauthorizedbyallnecessarycorporateaction;
(c)thisGuaranteeconstitutesavalidandlegallybindingobligationoftheGuarantorenforceableagainsttheGuarantorinaccordancewithitsterms;and
(d)theexecutionanddeliveryofthisGuaranteebyGuarantor(i)willnotviolateorrequireanyconsent,approval,filingornoticeunderanyprovisionofanylaw,rule,statuteorregulationororder,judgment,writ,injunctionordecreeofanycourtorGovernmentalAuthorityapplicabletotheGuarantor,and(ii)willnotconflictwith,orresultinthebreachorterminationofanyprovisionof,orconstituteadefaultunder,orresultintheaccelerationoftheperformanceoftheobligationsoftheGuarantorunder,orresultinthecreationofalien,pledge,securityinterest,chargeorencumbranceuponanyofthepropertiesorassetsoftheGuarantorpursuantto,theorganizationalandgoverningdocumentsofGuarantor,oranyindenture,mortgage,deedoftrust,lease,contract,instrumentorotheragreementtowhichGuarantorisapartyorbywhichGuarantororanyofitspropertiesorassetsisbound.
10.SEVERABILITY.AnyprovisionofthisGuaranteewhichisprohibitedorunenforceableinanyjurisdictionshall,astosuchjurisdiction,beineffectivetotheextentofsuchprohibitionorunenforceabilitywithoutinvalidatingtheremainingprovisionshereof,andanysuchprohibitionorunenforceabilityinanyjurisdictionshallnotinvalidateorrenderunenforceablesuchprovisioninanyotherjurisdiction.
11.NOWAIVER;CUMULATIVEREMEDIES.NoBuyerPartyshallbyanyact(exceptbyawritteninstrumentpursuanttoSection12hereof),delay,indulgence,omissionorotherwisebedeemedtohavewaivedanyrightorremedyhereunderoranybreachofanyofthetermsandconditionshereof.Nofailuretoexercise,noranydelayinexercising,onthepartofanyBuyerParty,anyright,powerorprivilegehereundershalloperateasawaiverthereof.Nosingleorpartialexerciseofanyright,powerorprivilegehereundershallprecludeanyotherorfurtherexercisethereofortheexerciseofanyotherright,powerorprivi