THIS GUARANTEE AND INDEMNITY is entered into on 28 January 2023
(1) PARTY_1_NAME whose registered office is at PARTY_1_ADDRESS_SINGLE_LINE (the Guarantor)
(2) PARTY_2_NAME whose registered office is at PARTY_2_ADDRESS_SINGLE_LINE (the Lender)
(A) The Guarantor requests the Lender to grant or to continue to grant the Loan to the Borrower.
(B) With a view to obtaining the Lender's Loan to the Borrower, the Guarantor has agreed at the request of the Lender to give a guarantee and indemnity in respect of the obligations and liabilities of Loan as are set out in the Schedule to this Guarantee.
(C) It is intended by the parties hereto that this Guarantee shall take effect as a deed.
It is agreed as follows:
1.1 In this Guarantee, and in the Recitals and Schedules hereto, the following terms shall (unless the context requires otherwise) have the following respective meanings:
Additional Loan. The principal amount of all money, obligations and liabilities due, owing or incurred by the Borrower to the Lender in addition to the Loan.
Borrower. The “Borrower” is BORROWER. Details as provided in the Schedule.
Borrower Liability. All monies and liabilities due, owing or incurred by the Borrower to the Lender.
Business Day. A day on which banks are open in JURISDICTION_COUNTRY for the transaction of business (excluding Saturday);
Debt. All amounts outstanding at any time of: (a) the Loan; (b) all costs and expenses payable by the Borrower under the Mortgage; (c) any Additional Loan that has been approved by the Guarantor in writing; and (d) all interest, default interest, late charges and other charges charged on any of (a), (b) and (c), and includes any part of the Debt.