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Business Loan Guarantee
1. Parties: Identification of the Guarantor, the Lender (Beneficiary), and the Borrower
2. Background: Context of the guarantee, including reference to the underlying loan agreement and the business relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement, including 'Guaranteed Obligations', 'Event of Default', and other relevant terms
4. Guarantee and Indemnity: Core provisions detailing the guarantee obligations, including the scope and nature of the guarantee (whether continuing, unconditional, irrevocable)
5. Extent of Liability: Specification of the maximum amount guaranteed and any limitations on the guarantor's liability
6. Demands and Payments: Procedures for making demands under the guarantee and requirements for payment
7. Representations and Warranties: Guarantor's confirmations regarding their capacity, authority, and financial condition
8. Continuing Security: Provisions establishing the guarantee as continuing security until full discharge of the guaranteed obligations
9. Enforcement: Rights and remedies of the lender in case of default or non-payment
10. Costs and Expenses: Allocation of costs related to the preparation, maintenance, and enforcement of the guarantee
11. Notices: Communication requirements and contact details for formal notices between parties
12. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
1. Security Interest: Additional security provisions if the guarantee is secured by specific assets - include when there is additional collateral
2. Corporate Authorizations: Specific provisions regarding corporate approvals and authorizations - include when the guarantor is a company
3. Financial Covenants: Specific financial maintenance requirements for the guarantor - include for larger or more complex guarantees
4. Tax Gross-up: Provisions for tax implications and gross-up requirements - include when tax deductions may apply to payments
5. Currency Provisions: Provisions dealing with multiple currencies - include when the guarantee involves cross-border elements
6. Change of Control: Provisions addressing changes in ownership of the guarantor - include for corporate guarantors
7. Assignment and Transfer: Provisions regarding the ability to transfer or assign the guarantee - include when transferability is important to the lender
1. Schedule 1 - Underlying Loan Agreement Details: Summary or copy of the key terms of the underlying loan agreement being guaranteed
2. Schedule 2 - Guarantee Limit and Calculation: Detailed breakdown of the guarantee amount and any applicable calculations or adjustments
3. Schedule 3 - Form of Demand: Template for making formal demands under the guarantee
4. Schedule 4 - Corporate Authorizations: Copies of relevant corporate authorizations and powers of attorney
5. Appendix A - Compliance Certificate: Template for periodic confirmation of compliance with guarantee terms
6. Appendix B - Notice Details: Detailed contact information and notice requirements for all parties
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