FOR VALUE RECEIVED, receipt of which is hereby and herein acknowledged, and to induce (the “Promisee”) to enter into the Agreement dated _______________________
with _________________________________ (the “Guarantor”), executed and effective simultaneously with the execution and effectiveness of this Guaranty, _______________ (the “Guarantor”), hereby unconditionally and absolutely guarantees to the Promisee the performance by the Guarantor of each and every covenant, agreement and obligation of the party or parties under the Agreement including, without limitation, the payment to the Promisee (or, if applicable, his executors, administrators or personal or legal representatives or estate or legatees) of all sums due under the Agreement at the time such sums shall be due and payable….
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