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Corporate Guarantee Agreement
"Need a Corporate Guarantee Agreement for our UK subsidiary to guarantee a £5 million loan facility to our French operation, to be effective from March 2025, with specific provisions for cross-border enforcement and currency conversion."
1. Parties: Identification of guarantor and beneficiary
2. Background: Context of the guarantee and underlying obligations
3. Definitions: Key terms used throughout the agreement
4. Guarantee and Indemnity: Core obligations of the guarantor
5. Scope of Guarantee: Extent of guaranteed obligations
6. Preservation of Rights: Beneficiary's rights preservation clauses
7. Representations and Warranties: Guarantor's confirmations about capacity and authority
8. Payments: Payment terms and mechanisms
9. Governing Law and Jurisdiction: Choice of law and dispute resolution provisions
1. Security Provisions: Additional security arrangements - include when additional security is required
2. Currency Provisions: Currency conversion and payment rules - include for cross-border guarantees
3. Tax Gross-up: Provisions for tax-related payments - include when tax implications need addressing
1. Form of Demand: Template for making demands under the guarantee
2. Guaranteed Obligations: Detailed list of obligations being guaranteed
3. Corporate Authorizations: Copies of relevant board resolutions and powers of attorney
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