Unlimited Commercial Guaranty Agreement between Joseph A. Rotmil and SouthTrust Bank, N.A. for P.P.C.T. Products, L.L.C.
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Summary
This agreement is between Joseph A. Rotmil (Guarantor) and SouthTrust Bank, N.A. (Lender), guaranteeing all current and future debts of P.P.C.T. Products, L.L.C. (Borrower) to the bank. The guaranty is unlimited and continuing, meaning Mr. Rotmil is responsible for any amount owed by the Borrower until all debts are fully paid, unless he revokes the guaranty in writing. The agreement allows the bank to change loan terms or extend new credit without notifying the Guarantor, and remains binding even if the Borrower's debt is temporarily reduced to zero.
EX-10.11 15 a2039854zex-10_11.txt EXHIBIT 10.11 *1360000522187363335009528* COMMERCIAL GUARANTY