Contract Of Indemnity And Guarantee Template for New Zealand

1. Security: Include when the guarantee is supported by specific security arrangements or assets

2. Interest Provisions: Include when interest is chargeable on guaranteed amounts

3. Multiple Guarantors: Include when there are multiple guarantors to address joint and several liability

4. Assignment and Transfer: Include when parties need the ability to assign or transfer their rights under the guarantee

5. Limitation of Liability: Include when the guarantee is to be limited to specific amounts or circumstances

6. Corporate Guarantor Provisions: Include when the guarantor is a company, addressing corporate authority and representations

7. Priority and Subordination: Include when there are multiple creditors or security interests requiring prioritization

8. Release and Discharge: Include when specific conditions for release of the guarantor need to be detailed

1. Schedule 1 - Guaranteed Obligations: Detailed description of the obligations being guaranteed, including amounts, terms, and conditions

2. Schedule 2 - Security Details: Details of any security provided in support of the guarantee, including asset descriptions and values

3. Schedule 3 - Guarantor Information: Detailed information about the guarantor(s), including contact details and financial information

4. Schedule 4 - Principal Debtor Information: Details about the principal debtor and the underlying transaction or obligation

5. Appendix A - Form of Demand: Standard form for making demands under the guarantee

6. Appendix B - Compliance Certificate: Template for periodic confirmation of compliance with guarantee terms if required