Request Release of Personal Guarantee

About this template:

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

Excerpt:

RE: REQUEST RELEASE OF PERSONAL GUARANTEE Dear [CLIENT NAME] You will find in your records that [BANK NAME] is currently holding a Guarantee given by [NAME OF GUARANTOR] [TITLE] securing the debts and obligations of our company to you.The agreement we signed with [BANK] states that you are in the obligation to review our credit [NUMBER] [MONTHS/YEARS] after we obtained the credit facility and considered releasing this Guarantee. This [NUMBER OF MONTHS/YEARS] period has now elapsed.

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