Products tagged with 'canada guarantee form'

Prepare an Irrevocable Letter of Guarantee for a lawsuit in Alberta with this easy-to-use template form.

• The Letter of Guarantee would be issued by a defendant's bank to the Clerk of the Court of King's Bench, in connection with a civil claim.
• The letter guarantees payment of a specified amount which is to be paid into Court as security.
• The Letter of Guarantee is unconditional and cannot be revoked prior to its expiry date, which initially is one year from the date of issue.
• This form is available as a downloadable MS Word document.

This Ontario Guarantee and Postponement of Claim is a means of securing repayment of the indebtedness of a corporate borrower.

• The guarantor is a director, shareholder, sole proprietor or other person with a material interest in the business of the borrower.
• The guarantor guarantees that he/she will repay the 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.
• To access the form, add it to your cart and click on the checkout button to pay for your purchase. You can then download the form to your PC, laptop or tablet.
• Intended for use in the Province of Ontario, Canada.

Are you loaning money to a person or a company in Canada? Secure your interest as a creditor with this Promissory Note and Guarantee.

Repayment Terms

The borrower agrees to pay the secured amount by monthly payments (not necessarily equal payments).

Guarantee

• The Note includes a guarantee of payment by a guarantor.
• The guarantor also agrees to ensure that the creditor receives a monthly installment payment equal to a specified percentage of the guarantor's net revenue.

Format and Legal Applicability

This Promissory Note and Guarantee form is available as a downloadable and fully customizable MS Word file. It is intended for use only in Canada.

Secure the lease obligations of a corporate tenant in the Province of Ontario with this unconditional and continuing Guarantee of Commercial Lease.

• The guarantee is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• The guarantee is being given as a means to induce the landlord to execute the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
• Never sign a commercial lease with a business tenant without also getting a personal guarantee of the lease. Buy the form, download it, fill in the details, print and get a signature.
• Available in MS Word format.
• Intended to be used only in the Province of Ontario, Canada.

Obtain a personal guarantee from the principals of a corporate borrower with this Guarantee and Postponement of Claim for Alberta, Canada.

Purpose of Guarantee and Postponement

The Guarantee would be given by a director, shareholder, or sole proprietor of the corporation as security to guarantee repayment of the corporate borrower's indebtedness to a lender if the borrower defaults in paying back the debt.

The guarantor also 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.

Who Can Use this Guarantee Template

The Guarantee and Postponement of Claim can be used by any company that lends money or extends credit to customers in Alberta.

What is Included in the Template Form

The template includes the form of acknowledgement required by the Guarantees Acknowledgement Act (Alberta). It also includes an affidavit of execution.

Format and Jurisdiction

The Guarantee and Postponement of Claim form is available in MS Word format. It is customizable and reusable.

This document is intended for use only in the Province of Alberta, Canada.