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Continuing Guarantee Agreement
"I need a Continuing Guarantee Agreement under Singapore law where ABC Holdings Pte Ltd will act as guarantor for a series of trade finance facilities being provided by United Bank Limited to my trading company, with a guarantee limit of SGD 5 million and an initial term until March 2025."
1. Parties: Identification of guarantor, creditor, and principal debtor
2. Background: Context of the guarantee and underlying obligations being guaranteed
3. Definitions: Key terms used throughout the agreement including Guaranteed Obligations, Security, and Events of Default
4. Guarantee and Indemnity: Core obligations of the guarantor including scope of guarantee and indemnification provisions
5. Nature of Guarantee: Continuing nature and scope of the guarantee, including provisions for future obligations
6. Guarantor's Representations and Warranties: Statements about guarantor's capacity, authority, and financial condition
7. Preservation of Rights: Creditor's rights preservation clauses and waiver of defenses
8. Payments: Payment obligations, mechanisms, and treatment of taxes
9. Governing Law and Jurisdiction: Application of Singapore law and jurisdiction clauses
1. Security Provisions: Additional security arrangements and enforcement rights when guarantee is secured by assets
2. Multiple Guarantors: Joint and several liability provisions when there are multiple guarantors
3. Currency Provisions: Currency conversion and payment terms for cross-border transactions
4. Assignment and Transfer: Rights and restrictions regarding assignment of the guarantee
1. Schedule 1 - Guaranteed Obligations: Detailed list and description of the obligations being guaranteed
2. Schedule 2 - Form of Demand: Standard form template for making demands under the guarantee
3. Schedule 3 - Security Details: Description of any security provided (if applicable)
4. Schedule 4 - Conditions Precedent: List of documents and conditions to be satisfied before guarantee becomes effective
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