When do I use this document? secured loan agreement for a secured loan of a fixed amount to be drawn in a single advance for a borrower which is a company incorporated in England and Wales for a loan repayable on a single repayment date or in instalments What are the key features? easy to edit, with 21 clauses over 13 pages single advance of specified loan amount regular interest payments at either fixed or floating interest rate by reference to specified bank’s base rate of interest repayment either on a single repayment date or in instalments undertakings from the borrower, including to provide information to the lender and prohibition on granting security and additional borrowings events of default, including a failure by the borrower to repay the loan or interest, leading to the lender having the right to demand immediate repayment What else do I need to know? The security would need to be created and governed by a separate security document between the borrower and the lender, depending on the nature of the secured property or assets. Examples of security documents include: a charge over property a charge over shares a debenture, containing fixed and floating charges over all of the borrower’s assets and undertaking What other documents are available? For a form of unsecured loan document, see Loan Agreement: unsecured For forms of unsecured and secured facility agreements, for advances of loans in several lump sums, see Facility Agreement: unsecured Facility Agreement: secured

Guarantee: contract clause

Name: Corporate contract guarantee clause- PaperRock Documents
SKU: FIN010.001
Price: 25.00 GBP
Availability: InStock

Clause wording to include in a contract for a company to guarantee the obligations of one party to a contract. Suitable where the guarantor and the guaranteed party are both companies incorporated in England and Wales.

for guarantee clauses to be included in a contract
for a guarantee where both guarantor and the guaranteed party are incorporated in England and Wales

What key features are included?

guarantor to be included as party to the contract
guarantee undertakings given by way of both guarantee and indemnity
standard creditor protections for the continuing effect of the guarantee
warranties from the guarantor
provision for contract to be executed as a Deed

What else do I need to know?

One party to a contract may require that the other party’s obligations under the contract are guaranteed by another person. Rather than entering into a separate deed of guarantee, the guarantee obligations and related wording can be included in the contract itself, with the guarantor also becoming a party to the contract.

What other documents are available?

For a standalone form of guarantee to be given by a company (as opposed to an individual), see

Guarantee: corporate guarantor.

For a form of guarantee to be given by an individual (as opposed to a company), see Guarantee:

individual guarantor.

Description

When do I use this document?

secured loan agreement for a secured loan of a fixed amount to be drawn in a single advance
for a borrower which is a company incorporated in England and Wales
for a loan repayable on a single repayment date or in instalments

What are the key features?

easy to edit, with 21 clauses over 13 pages
single advance of specified loan amount
regular interest payments at either fixed or floating interest rate by reference to specified bank’s base rate of interest
repayment either on a single repayment date or in instalments
undertakings from the borrower, including to provide information to the lender and prohibition on granting security and additional borrowings
events of default, including a failure by the borrower to repay the loan or interest, leading to the lender having the right to demand immediate repayment

What else do I need to know?

The security would need to be created and governed by a separate security document between the borrower and the lender, depending on the nature of the secured property or assets. Examples of security documents include:

a charge over property
a charge over shares
a debenture, containing fixed and floating charges over all of the borrower’s assets and undertaking

What other documents are available?

For a form of unsecured loan document, see

Loan Agreement: unsecured

For forms of unsecured and secured facility agreements, for advances of loans in several lump sums, see

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£25.00 exc VAT

Updated by a lawyer on 05/09/2024

Updated By a lawyer on 01/05/2023

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Guarantee: contract clause