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Guarantor Declaration Form
1. Parties: Identification of the Guarantor, the Creditor, and the Principal Debtor, including full legal names, addresses, and registration numbers where applicable
2. Background: Brief context explaining the underlying obligation and the reason for the guarantee
3. Definitions: Key terms used throughout the declaration, including 'Guaranteed Obligations', 'Principal Debt', and other relevant terms
4. Guarantee Declaration: The formal statement of guarantee, specifying the nature and extent of the guarantee (whether it is unlimited or limited)
5. Scope of Guarantee: Detailed description of what obligations are covered by the guarantee, including maximum amount if applicable
6. Duration: The term of the guarantee and any conditions for its termination
7. Guarantor's Obligations: Detailed description of the guarantor's responsibilities and when/how they must perform
8. Enforcement: Conditions under which the guarantee can be called upon and the process for doing so
9. Representations and Warranties: Guarantor's confirmations regarding their capacity and authority to provide the guarantee
10. Signature Block: Space for formal execution of the document, including date and witness requirements if applicable
1. Financial Covenants: Used when the guarantor must maintain certain financial metrics or conditions
2. Security: Include when the guarantee is secured by specific assets or collateral
3. Multiple Guarantors: Additional provisions needed when there is more than one guarantor, defining joint and several liability
4. Consumer Protection Notices: Required when the guarantor is a consumer, including mandatory warnings and cooling-off rights
5. Currency Provisions: Include when the guaranteed obligation is in a different currency from the guarantee
6. Tax Gross-Up: Include when tax implications need to be addressed in the guarantee payments
1. Schedule 1 - Guaranteed Obligations: Detailed list or description of the specific obligations being guaranteed
2. Schedule 2 - Form of Demand: Template for making a formal demand under the guarantee
3. Schedule 3 - Guarantor's Assets Statement: If required, a statement of the guarantor's financial position and major assets
4. Appendix A - Underlying Agreement Reference: Copy or key terms of the agreement that is being guaranteed
Authors
Business Day
Creditor
Danish Law
Default Event
Demand
Enforcement Notice
Financial Indebtedness
Guarantee
Guarantee Period
Guaranteed Obligations
Guarantor
Insolvency Event
Interest Rate
Maximum Liability Amount
Original Agreement
Parties
Payment Date
Principal Debtor
Principal Obligations
Security
Termination Date
Underlying Agreement
Working Day
Scope of Guarantee
Duration
Payment Obligations
Enforcement
Representations and Warranties
Demand Requirements
Liability Limitations
Indemnification
Default Events
Notice Requirements
Assignment and Transfer
Amendments
Governing Law
Jurisdiction
Severability
Entire Agreement
Waiver
Force Majeure
Termination
Consumer Protection
Information Rights
Set-off Rights
Currency Provisions
Joint and Several Liability
Costs and Expenses
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