Guarantee
All Money Continuing Guarantee and Indemnity
An All Money Guarantee and Indemnity guarantees and indemnifies any and all obligations from the principal debtor to the lender, whether existing at the time of the guarantee or arising in future. It is a more general guarantee as opposed to specific guarantees and is more favourable to the lender.
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The document should be signed by the authorised signatory (or directors of a company) and witnessed to complete the formality.
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Document Description
An All Money Guarantee and Indemnity guarantees and indemnifies any and all obligations from the principal debtor to the lender, whether existing at the time of the guarantee or arising in future. It is a more general guarantee as opposed to specific guarantees and is more favourable to the lender.
How to use this Document?
This document should be carefully read by the Guarantor and the Bank.
Both the Guarantor and the Bank should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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