Limited Guarantee Agreement Template for South Africa

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

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

3. Corporate Guarantor Provisions: Include when the guarantor is a company, addressing corporate authority and financial assistance

4. Counter-Indemnity: Include when the guarantor requires indemnification from the principal debtor

5. Step-In Rights: Include when the guarantor has rights to take over the principal debtor's position

6. Assignment: Include when parties need the ability to transfer their rights under the guarantee

7. Costs and Expenses: Include when specific provisions about legal and enforcement costs are needed

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

2. Schedule 2 - Guarantee Limit Calculation: Formula or method for calculating the guarantee limit if complex

3. Schedule 3 - Security Details: Details of any security provided in support of the guarantee

4. Schedule 4 - Form of Demand: Template for making a formal demand under the guarantee

5. Schedule 5 - Corporate Authority: Copies of relevant corporate authorizations and resolutions

6. Appendix A - Principal Agreement: Copy of the agreement giving rise to the guaranteed obligations

7. Appendix B - Compliance Documents: Required compliance and KYC documentation