Guarantee Agreement

About this template:

This particular legal document or agreement of assignment is used to assist in articulating the terms of a guarantee agreement. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

GUARANTEE AGREEMENT This Guarantee Agreement (the Agreement) is effective [DATE] WHEREAS [LENDER] made available as a loan the amount of [AMOUNT] to [BORROWER] pursuant to the terms and conditions of a Subscription Agreement entered into between the Lender and the Borrower and to which intervened the Guarantors on [DATE]; any amount will be disbursed by [SPECIFY] by the issuance of Debentures a specimen of which is annexed hereto as [SPECIFY] (the said loans and the issuance of the said debentures in an aggregate maximum amount of [AMOUNT] plus interests as same may be amended supplemented or restated at any time and from time to time are hereinafter collectively referred to as the Debentures and individually as a Debenture); WHEREAS the Guarantors agree to guarantee the obligations of the Company under the Debentures for a maximum amount equal to [NUMBER] percent of the amounts owed by the Company to [SPECIFY] under the Debentures.

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