Guarantee for Payment of Debt

Guarantee for Payment of Debt

To

CD of, etc. (creditor)

In consideration of your having this day lent and advanced the sum of Rs. ………. to EF, of (principal debtor), at my request, I, the undersigned, do hereby agree to be and shall, at all times hereafter until repayment of loans remain responsible to you for and guarantee payment of the said sum of Rs. …… in case of his default together with interest thereon at the rate of ………. per cent per annum, such interest to be calculated with effect from the date of service of the registered notice of demand on me. This guarantee shall not be affected by your granting any time or any other concession or indulgence to the said EF or by his death or insolvency. This guarantee is given without prejudice to all my rights of reimbursement as against the said EF or his estate as surety for him for all sums to be paid to you and costs, charges and expenses incurred in connection therewith.

(Date)

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