20.02.2013 Views

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Re: "Obligor"<br />

Personal Guaranty<br />

To Life Fitness, a division of Brunswick Corporation ("Life Fitness"):<br />

For valuable consideration, the receipt of which is acknowledged, I, the undersigned guarantor, unconditionally guarantee to you the full<br />

and prompt performance by the above-named Obligor, its successors, assigns, heirs and personal representatives, of all obligations which<br />

Obligor presently or hereafter may have to you and payment when due of all sums presently or hereafter owing by Obligor to you. I further<br />

agree to indemnify you against any losses you may sustain and expenses you may incur, including att(lrnt:y£ as a result of any default<br />

by Obligor.<br />

For the purpose of this Guaranty, all sums owing to you by Obligor shall become immediately<br />

under any agreement with you. No delay by you in exercising any right or remedy<br />

the terms of this Guaranty.<br />

THIS SHALL BE A CONTINUING GUARANTY AND INDEMNITY AND,<br />

ME OR MY CONSENT, MY OBLIGATIONS HEREUNDER SHALL NOT BE<br />

ANY: (a) new agreements or obligations of Obligor with or to you; amendments, extensions,<br />

to any existing or future agreements or obligations of Obligor or third parties .<br />

adjustments, compromises or releases of any obligations of Obligor, me, or<br />

of Obligor, me, or any other parties; (c) falsity, incorrectness, invalidity<br />

omissions by you or Obligor; (d) compositions, extensions, moratoria or<br />

in the business relation between you and Obligor; or (t) other reason.<br />

GENERAL WAIVERS: I hereby waive notice of your<br />

parties, of presentment, protest and demand, and of all other<br />

My obligations hereunder shall be binding upon me and my<br />

of another guarantor shall not relieve me from any<br />

hereunder are joint and several as to any other person<br />

I shall reimburse you, on demand, for all<br />

enforcement of any of your rights hereunder<br />

compounded monthly, but in no event more<br />

against Obligor, the subject equipment, or<br />

such rights unless and until you have .<br />

This Guaranty shall inure to the<br />

Obligor to you. This Guaranty is<br />

Guaranty may be<br />

to an obligation of<br />

party makes any<br />

hereunder. I<br />

ANY NOTICE TO<br />

TSOEVER BY<br />

or waivers of default as<br />

credit by you to Obligor; (b)<br />

releases or sales of any security<br />

of any instrument, or acts or<br />

iam' lmtiPT applicable law; (e) interruptions<br />

:nUUIVC:S. The death or release from liability<br />

my duties hereunder. My obligations<br />

,,,,",'.,,,,,,, by you in the enforcement or attempted<br />

on all amounts owing at the rate of 18% per annum,<br />

law, until paid in full. If I become subrogated to your rights<br />

any payment to you, I agree not to enforce or exercise any of<br />

in full of all Obligor's obligations under its agreement(s) with you.<br />

assigns. This Guaranty is severable as to one or more obligations of<br />

a third party your interests relating to an obligation of Obligor, this<br />

iPlIlairing the effectiveness of this Guaranty as to any of your interests relating<br />

defaults in the performance of any of its obligations to you, and if any third<br />

party shall, to extent thereof, be subrogated to all of your rights against me<br />

assigns, to obtain one or more profiles on me from a credit reporting agency for<br />

iltemplatt:d between Life Fitness and Obligor; (b) any subsequent updates, renewals, or<br />

and/or collection of any resulting account(s). I further waive any objection to any<br />

re(luE:stE:d or obtained and hereby ratify my authorization of such action.<br />

onstru(:din accordance with the laws of the State ofIowa. BY SIGNING THIS GUARANTY, I<br />

TO THE JURISDICTION AND VENUE OF FEDERAL AND STATE COURTS IN<br />

WAIVE ANY RIGHT TO A JURY TRIAL OF ANY MATTER ARISING OUT OF OR IN<br />

THIS GUARANTY, OBLIGOR'S AGREEMENTS WITH YOU, OR RELATED<br />

However, at your sole discretion you may enforce this Guaranty in any state or federal court having lawful jurisdiction<br />

thereof. I agree that you may accept a facsimile copy of this document bearing a facsimile signature, which shall be deemed an original for<br />

all purposes. You are authorized to make nonsubstantive changes to this document, including but not limited to Obligors' legal name.<br />

Guarantor: Date<br />

Witness: Address Date

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!