国外担保协议样本(英文版) |
SURETYSHIP AGREEMENT SAMPLE
____________________________________________ ("Debtor") whose address is _____________________________________________________________________ AND _________________________________________________ ("Surety"), whose address is _______________________________________________________________________, jointly and severally bind themselves to pay $ ____ amount to ________________________________________________ ("Creditor") whose address is _______________________________________________________________________, due under contract ________________________________________________________________________ ________________________________________________________________________ [describe contract] 1. The condition of this obligation is such, that if above bonded Debtor perform the covenants, conditions and agreements in said contract, then this obligation shall become null and void, otherwise it shall be and remain in full force. 2. Neither the Contract nor this Agreement shall be assigned, changed or modified without the written consent of Surety. 3. Surety is responsible to pay amount due under Contract including loss, damages and interests not exceeding above-mentioned amount. 4. Payments due under this Agreement shall be paid upon written notice of Creditor supported by evidence of Debtors default. 5. The Surety shall pay amount due no later than 30 days after the giving notice of default. 6. The Creditor shall exercise normal prudent business practices and shall apply reasonable efforts to mitigate possible losses under the Contract. Surety's obligations shall be released and void upon the failure of Creditor to properly perfect its security interests in collateral and to maintain the validity of security interest in the collateral. 7. Upon and to the extent the Surety has made payment under this Agreement, the Surety shall be subrogated to all of the Creditor's rights against the Debtor and collateral and any other person liable to Creditor as a result of the default by Debtor. The execution by the Creditor of a release or waiver of the right to collect liabilities shall equally release the Surety from any further obligation under this Agreement. 8. The Creditor shall upon and to the extent of payment execute all documents required to assign the Contract rights and collateral to the Surety. 9. This suretyship agreement shall be construed and enforced under the laws of Lithuanian Republic. Dated as of this ________ day of _____________[month], __________ [year] Debtor ______________________________ Surety _______________________________
Notes: Examples of the documents are of recommendatory nature and the law firm Baublys ir Partneriai bears no responsibility for their use. |
|
|
|