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Joint Guarantee Agreement
"I need a Joint Guarantee Agreement for three corporate guarantors to jointly guarantee a £5 million loan facility to be provided by ABC Bank plc to XYZ Manufacturing Ltd, with the guarantee to become effective from 1 March 2025."
1. Parties: Identification of guarantors and beneficiary
2. Background: Context of the guarantee and reference to primary obligation
3. Definitions: Key terms used throughout the agreement
4. Guarantee and Indemnity: Core obligations of the guarantors
5. Joint and Several Liability: Provisions regarding shared liability between guarantors
6. Continuing Security: Duration and extent of the guarantee
7. Preservation of Rights: Protection of beneficiary's rights
1. Representations and Warranties: Guarantor statements about capacity and authority - used when dealing with corporate guarantors
2. Currency Provisions: Rules for handling different currencies - used for cross-border transactions
3. Tax Gross-up: Provisions for tax-related payments - used when tax implications need to be addressed
1. Primary Obligation Details: Details of the underlying obligation being guaranteed
2. Form of Demand: Template for making demands under the guarantee
3. Guarantor Information: Detailed information about each guarantor
4. Security Documents: List of related security documents if applicable
Authors
Beneficiary
Business Day
Default
Default Interest
Guaranteed Obligations
Guarantors
Indemnity
Law
Liabilities
Principal Debtor
Principal Agreement
Secured Obligations
Security
Security Period
Tax
Working Day
Guaranteed Documents
Enforcement Event
Demand
Relevant Jurisdiction
Rights
Security Interest
Termination Date
VAT
Guarantee and Indemnity
Joint and Several Liability
Continuing Security
Representations and Warranties
Preservation of Rights
Payments
Set-off and Counterclaim
Currency Indemnity
Tax Gross-up
Default Interest
Costs and Expenses
Amendment and Waiver
Assignment and Transfer
Notices
Partial Invalidity
Remedies and Waivers
Counterparts
Third Party Rights
Governing Law
Enforcement
Jurisdiction
Service of Process
Discharge and Release
Contribution between Guarantors
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