Ontario Guarantee and Postponement of Claim

Ontario lenders, obtain a personal guarantee for repayment of a corporate borrower's debts with this Ontario Guarantee and Postponement of Claim.

• The guarantor is the principal of a corporate borrower (such as a director, shareholder, sole proprietor), guaranteeing repayment of the borrower's indebtedness to the lender if the borrower defaults in payment.
• The guarantor agrees that any debts owed by the borrower to the guarantor will be postponed to the debts owed to the lender, and the lender's claims would take priority.

This Ontario Guarantee and Postponement of Claim form is downloadable and fully editable to meet your particular needs.