Guarantee Letter Template for Denmark

1. Demand Requirements: Specific requirements for making a valid demand under the guarantee, used when complex claim procedures are needed

2. Step-in Rights: Rights of the guarantor to take over the underlying obligation, included when relevant to the business arrangement

3. Counter-Indemnity: Terms of reimbursement from the principal debtor to the guarantor, included when there's a separate counter-indemnity arrangement

4. Assignment Provisions: Terms regarding transfer of guarantee rights, included when transferability is relevant

5. Multiple Guarantor Provisions: Specific provisions for cases with more than one guarantor

6. Reduction Mechanisms: Terms for progressive reduction of guarantee amount, used in construction or project-based guarantees

1. Specimen Demand Notice: Template for making a valid demand under the guarantee

2. Copy of Underlying Agreement: Reference copy of the agreement being guaranteed (if relevant)

3. Payment Schedule: Schedule of guaranteed payments or obligations (if applicable)

4. Authorized Signatories: List of persons authorized to make demands under the guarantee