Parent company guarantee

The following TMT precedent provides comprehensive and up to date legal information covering:

  • Parent company guarantee
  • Background
  • 1 Interpretation
  • 2 Duration
  • 3 Guarantee
  • 4 No subrogation or security
  • 5 Warranties and representations
  • 6 No release from liability
  • 7 Payments, interest and legal and other costs
  • 8 Settlement
  • More...

Parent company guarantee

This Deed (Guarantee) is made on [date]

Parties

  1. 1

    [insert name of supplier parent company] a company incorporated in [England and Wales] whose registered number is [insert company number] and whose registered office is at [insert registered office] (Guarantor); and

  1. 2

    [insert name of customer] a company incorporated in [England and Wales] whose registered number is [insert company number] and whose registered office is at [insert registered office] (Customer)

    each of the Guarantor and the Customer being a party and, together, the parties.

Background

    1. (A)

      The Customer and [insert full supplier company name] (Supplier) have entered into an agreement for the provision of [insert description] services by the Supplier to the Customer dated [[insert date] OR on or about the date of this Guarantee] (Agreement).

    1. (B)

      A condition [precedent] of the Agreement is that the Supplier procures the execution and delivery by the Guarantor of a guarantee [substantially] in the form of this Guarantee.

    1. (C)

      The Guarantor guarantees the Supplier's due performance the Agreement on the terms and conditions of this Guarantee, which the parties intend shall be executed as a deed.

The parties agree:

    1. 1

      Interpretation

      1. 1.1

        Unless expressly specified to the contrary or the context otherwise requires, the definitions and rules of interpretation in the Agreement shall apply to this Guarantee.

    1. 2

      Duration

      Notwithstanding the date of execution of this Guarantee, it is deemed to have commenced and takes

Popular documents