Products tagged with 'loan security form'
Alberta Guarantee and Postponement of Claim
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.
