Guarantee And Indemnity Agreement Template for Nigeria

1. Corporate Authority: Required when the guarantor is a corporate entity, including corporate authorization provisions

2. Multiple Guarantors: Added when there are multiple guarantors to address joint and several liability

3. Security Provisions: Included when specific assets are being charged as security

4. Currency Provisions: Required for cross-border transactions involving multiple currencies

5. Tax Gross-up: Added when tax implications need to be addressed explicitly

6. Financial Covenants: Include when ongoing financial requirements are imposed on the guarantor

7. Costs and Expenses: Optional detailed section on allocation of costs and expenses

8. Power of Attorney: Added when the beneficiary requires power to execute certain documents on behalf of the guarantor

1. Schedule 1 - Guaranteed Obligations: Detailed description of the obligations being guaranteed

2. Schedule 2 - Form of Demand: Standard form for making demands under the guarantee

3. Schedule 3 - Conditions Precedent: List of documents and conditions required before the guarantee becomes effective

4. Schedule 4 - Corporate Information: Corporate details of the guarantor (if corporate guarantor)

5. Schedule 5 - Secured Assets: Description of any assets specifically charged as security (if applicable)

6. Appendix A - Board Resolution: Format of required corporate approvals (for corporate guarantors)

7. Appendix B - Compliance Certificate: Standard form for periodic compliance certification if required