Guarantee

All Money Continuing Guarantee and Indemnity

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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.

How to Tailor the Document to Your Need

1. Create Document: Click “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document. The document should be signed by the authorised signatory (or 2 directors for a company) and witnessed to complete the formality.

 

Document Type:

Deed /poa / authorisation / agency / escrow

Category:

Business > Banking and Finance > Letter of Comfort / Guarantee and Indemnity