PARTY_3_NAME

PARTY_3_ADDRESS_MULTI_LINE

05 May 2024

Indebtedness due and owing to PARTY_1_NAME(the "Bank") by PARTY_2_NAME (the "Borrowers")

By the guarantee dated GUARANTEE_DATE executed by you and others in favour of the Bank covering the liabilities of the Borrowers (the "Guarantee"), you have unconditionally and irrevocably agreed to pay on demand all sums of money owing to the Bank by the Borrowers.

Please be informed that the Borrowers have, in breach of their repayment obligations, failed to make repayment of the indebtedness owing to the Bank when they fell due.

As of 05 May 2024, the Borrowers were indebted to the Bank for the sums of CURRENCYAMOUNT, particulars of which are as follows:-

DETAILS

By virtue of the Guarantee, you are liable to pay the sum of CURRENCYAMOUNT together with further interest at the aforesaid rate.

We HEREBY DEMAND your immediate payment of CURRENCYAMOUNT together with further interests at the aforesaid rate.  Unless payment in full in clear funds is received by the Bank on or before DEADLINE, we will institute legal proceedings against you without further notice.  In such circumstances, you will also be liable for all the legal costs, charges and expenses that the Bank is and will be incurring for the enforcement of its rights under the Guarantee.

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