guaranty-unlimited

name	guaranty-unlimited
title	Unlimited Guaranty
description	Drafts a U.S. Unlimited Guaranty for commercial lending transactions. Triggers when user needs an uncapped personal or entity guaranty, credit enhancement, or unlimited recourse instrument for a loan closing. Produces an absolute guaranty of payment (not collection) with comprehensive waivers, subrogation subordination, and continuing-guaranty coverage.
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/guaranty-unlimited
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	finance
language	en
tags	["agreement","drafting","transactional"]

Unlimited Guaranty

Generates a complete Unlimited Guaranty giving the Lender direct, uncapped recourse against a Guarantor for all present and future Borrower obligations.

Quick Start

Collect before drafting:

1. Credit documents — loan agreement, note, or facility defining the guaranteed Obligations
2. Parties — full legal names of Guarantor, Borrower, and Lender
3. Guarantor type — individual or entity (drives signature block and authority recitals)
4. Financial reporting — whether Lender requires ongoing financials from Guarantor

Document Sections

#	Section	Key Content
1	Definitions	Obligations (all present/future amounts), Credit Documents, parties
2	Guaranty of Payment	Absolute, unconditional; payment not collection — Lender may proceed directly against Guarantor
3	Unlimited Liability	No cap; covers principal, interest, fees, costs, expenses, indemnities
4	Waivers	Full checklist below
5	Subrogation & Reimbursement	Subordinated/waived until indefeasible payment in full
6	Continuing Guaranty	Survives modifications, renewals, extensions; covers post-execution obligations
7	Financial Covenants (if required)	Annual financials, MAC notice, other reporting
8	Governing Law & Jurisdiction	Match underlying loan documents
9	Jury Trial Waiver	Standard commercial waiver
10	Signature Block	Individual: name + date; Entity: officer title + authority recital

Required Waivers (Section 4)

Guarantor must waive all of the following:

• Presentment, demand for payment, protest, notice of dishonor
• Notice of acceptance of Guaranty
• Notice of creation or incurrence of new Obligations
• Notice of any Borrower or Lender action or inaction
• Right to require Lender to proceed first against Borrower or exhaust collateral
• Defense based on modification, extension, renewal, or amendment of Obligations