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HTTT
HTTT
WHEREAS the Guarantor shall benefit directly or indirectly from the Loan;
THEREFORE, in view of the foregoing, the Guarantor and the Beneficiary agree
as follows:
The Guarantor shall pay any amounts guaranteed by this Guaranty as soon as
the Beneficiary makes a request for payment to the Guarantor. The fact that the
Beneficiary makes a request for payment shall not in any way restrict its right to
subsequently make any other request for payment.
2. Solidary liability. The Guarantor shall assume solidary liability with the
Beneficiary with respect to the Obligations and shall waive the benefit of
discussion and division, as well as any notice of exercise by the Beneficiary of
any right or security.
3. Scope of Guaranty. This Guaranty shall be valid even if the Benificiary did not
have legal personality or capacity at the time the Contract was signed.
4. Consents, waivers and renewals. The Beneficiary may at any time, without
the Guarantor’s consent and without notice to the Guarantor, extend the deadline
for the payment of the Obligations, refrain from realizing or waive any security
provided in regard to the Obligations, or amend or renew the Contract.
5. Change of circumstances. This Guaranty shall subsist notwithstanding any
change in the circumstances that gave rise to the granting of this Guaranty by the
Guarantor, notwithstanding the cessation of the Guarantor’s commercial
operations or any change in the said operations or in the relationship between
the Loan parties.
IN WITNESS WHEREOF, the Guarantor has signed this Guaranty on the date
mentioned above.
DD de Leon
Guarantor
EE Estrada FF Flores
ACKNOWLEDGMENT
BEFORE ME, a Notary Public, for and in the above jurisdiction personally
appeared the following persons, with their Community Tax Certificates, to wit: