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Limited Guarantee Agreement
"I need a Limited Guarantee Agreement where our parent company will guarantee the lease obligations of our subsidiary up to £500,000, with the guarantee period running from March 2025 to December 2025."
1. Parties: Identifies and defines the guarantor, beneficiary, and principal debtor
2. Background: Explains context and underlying relationship between parties
3. Definitions: Defines key terms used throughout the agreement
4. Guarantee and Indemnity: Core obligations of the guarantor
5. Scope of Guarantee: Defines extent and limitations of guaranteed obligations
6. Duration: Period of effectiveness and termination provisions
7. Payment Provisions: Terms for making payments under the guarantee
1. Security Provisions: Additional security provisions when collateral or other security is provided alongside the guarantee
2. Corporate Representations: Corporate authority and capacity warranties when the guarantor is a company
3. Currency Provisions: Provisions handling currency conversion and payment when multiple currencies are involved
1. Form of Demand: Template for making demands under the guarantee
2. Guaranteed Obligations: Detailed list of obligations being guaranteed
3. Security Documents: List and details of related security documents if applicable
Authors
Business Day
Default
Default Interest
Guaranteed Obligations
Guarantee Limit
Guarantor
Liability Cap
Principal Debtor
Principal Agreement
Security
Secured Obligations
Demand
Enforcement Event
Event of Default
Effective Date
Guarantee Period
Termination Date
Interest Rate
Material Adverse Change
Permitted Transfer
Related Rights
Representatives
Security Documents
Tax
Working Hours
Scope of Guarantee
Liability Cap
Payment Obligations
Preservation of Rights
Representations and Warranties
Enforcement
Discharge and Release
Assignment and Transfer
Costs and Expenses
Notices
Amendments and Waivers
Severability
Counterparts
Confidentiality
Further Assurance
Set-off Rights
Default Interest
Currency Provisions
Tax Gross-up
Limitation of Liability
Force Majeure
Governing Law
Jurisdiction
Entire Agreement
Third Party Rights
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