Guarantee And Indemnity Agreement Template for Pakistan

1. Security: Include when the guarantee is secured by specific assets or collateral

2. Corporate Authorizations: Required when the guarantor is a corporation, detailing board approvals and corporate authority

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

4. Multiple Guarantors: Required when there is more than one guarantor, addressing joint and several liability

5. Assignment and Transfer: Include when rights under the guarantee may need to be assigned or transferred

6. Currency Indemnity: Include for cross-border transactions involving multiple currencies

7. Tax Gross-Up: Include when payments may be subject to withholding tax

8. Communications: Include detailed notice provisions for formal communications between parties

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

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

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

4. Schedule 4 - Corporate Authorizations: Copies of relevant corporate approvals and authorizations

5. Schedule 5 - Security Details: Description of any security or collateral provided (if applicable)

6. Appendix A - Underlying Agreement: Copy of the primary agreement or facility being guaranteed