In this guaranty, the guarantor is guaranteeing both payment and performance of all leases now or later entered into with lessee and all the obligations and liabilities due and to become due to lessor from lessee under any lease, note, or other obligation of lessee to lessor. Such a blanket guaranty would suggest a close business relationship between the lessee and guarantor like that of a parent and subsidiary corporation.
The New Hampshire Continuing Guaranty of Payment and Performance of all Obligations and Liabilities Due to Lessor from Lessee under Lease is a legal agreement that serves as a form of assurance for the lessor (property owner) that the lessee (tenant) will fulfill their financial responsibilities and adhere to the terms of the lease agreement. This guaranty provides an additional layer of security for the lessor against any potential default or non-payment by the lessee. Keywords: New Hampshire, continuing guaranty, payment, performance, obligations, liabilities, lessor, lessee, lease agreement. There are different types of New Hampshire Continuing Guaranty of Payment and Performance agreements, tailored to specific situations and parties involved. Below are a few of the variations: 1. Individual Guaranty: This type of guaranty involves an individual assuming personal responsibility for all the obligations and liabilities due to the lessor. The individual guarantor agrees to make payments and perform all duties outlined in the lease agreement if the lessee defaults. 2. Corporate Guaranty: In this case, a corporation becomes the guarantor for the lessee's obligations and liabilities. The corporation guarantees payment and performance under the lease on behalf of the lessee, providing financial security to the lessor. 3. Limited Guaranty: Sometimes, a guarantor may limit their liability to a specific amount or period. A limited guaranty places a cap on the guarantor's obligations, reducing their exposure to potential losses. 4. Conditional Guaranty: Unlike an absolute guaranty, a conditional guaranty is triggered by specific events or circumstances. The guarantor's obligations and liabilities are contingent upon the occurrence of such conditions stated in the guaranty agreement. 5. Cross-Collateralized Guaranty: This type of guaranty involves collateralizing multiple assets or leases to secure the performance of obligations and liabilities under different leases. It allows the lessor to access other properties or assets in case of default by the lessee. Regardless of the specific type, the New Hampshire Continuing Guaranty of Payment and Performance provides a legally binding commitment by the guarantor to stand behind the lessee and ensure that all financial obligations and liabilities are met in accordance with the lease agreement.
