国外担保协议样本(英文版)
国外担保协议样本(英文版)
发表时间:2012-07-13 浏览次数:60
suretyship agreement sample
____________________________________________ (“debtor”) whose address is
and
_________________________________________________ (“surety”), whose address is
_______________________________________________________________________,
jointly and severally bind themselves to pay $ ____ amount to
________________________________________________ (“creditor”) whose address is
_______________________________________________________________________,
due under contract
[describe contract]
1. the condition of this obligation is such, that if above bonded debtor perform the
covenants, conditions and agreements in said contract, then this obligation shall
become null and void, otherwise it shall be and remain in full force.
2. neither the contract nor this agreement shall be assigned, changed or modified
without the written consent of surety.
3. surety is responsible to pay amount due under contract including loss, damages and
interests not exceeding above-mentioned amount.
4. payments due under this agreement shall be paid upon written notice of creditor
supported by evidence of debtors default.
5. the surety shall pay amount due no later than 30 days after the giving notice of
default.
6. the creditor shall exercise normal prudent business practices and shall apply
reasonable efforts to mitigate possible losses under the contract. surety's obligations
shall be released and void upon the failure of creditor to properly perfect its security
interests in collateral and to maintain the validity of security interest in the collateral.
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