Guarantee And Indemnity Agreement Template for Philippines

1. Security Provisions: Include when the guarantee is secured by specific assets or collateral

2. Currency Provisions: Required for cross-border guarantees involving foreign currency obligations

3. Multiple Guarantors: Additional provisions needed when there are multiple guarantors, defining joint and several liability

4. Corporate Authorization: Include when the guarantor is a corporation, detailing board approvals and corporate authority

5. Assignment and Transfer: Include if the guarantee rights may be assigned or transferred

6. Tax Provisions: Include detailed tax provisions when the guarantee involves significant tax implications

7. Force Majeure: Optional clause dealing with events beyond parties' control affecting the guarantee obligations

1. Schedule 1 - Form of Demand: Standard form for making a demand under the guarantee

2. Schedule 2 - Guaranteed Obligations: Detailed description of the obligations being guaranteed

3. Schedule 3 - Principal Agreement: Copy or summary of the underlying agreement giving rise to the guaranteed obligations

4. Schedule 4 - Security Documents: If applicable, list and copies of related security documents

5. Schedule 5 - Corporate Authorizations: Copies of relevant board resolutions and corporate approvals

6. Appendix A - Notice Details: Detailed contact information for all parties

7. Appendix B - Payment Instructions: Banking and payment details for guarantee payments