Yes G Form PDF

YOUTH ENTREPRENEURSHIP SUPPORT
PROGRAMME (YES-PROGRAMME)
FUND
IRREVOCABLE PERSONAL GUARANTEE GIVEN BY:
(NAME OF GUARANTOR IN BLOCK LETTERS)
ON BEHALF OF:
trading under the name and style of
(BORROWER)
IN FAVOUR OF:
BANK OF INDUSTRY LIMITED

PERSONAL INFORMATION OF GUARANTOR
Name of Guarantor
Home Address
Tel (Home)___________________ Office______________________ Mobile________________
Date of Birth______________________________________________________________________
Job
Position/Grade_____________________________________________________________________
Name of Employer_______________________________________________________________
Business Telephone______________________________________________________________
Business Address_________________________________________________________________
_________________________________________________________________________________
Length of Service_______________________
Name of Bank______________________________ Account No.___________________________
BVN______________________________________________
2
IN CONSIDERATION of the Bank of Industry Limited (hereinafter referred to as “THE
LENDER” which expression shall where the context so admits include its
successors-in-title and assigns) advancing to ………………………. whose name is
stated above (hereinafter referred to as the “THE BORROWER” which expression
shall where the context so admits include the heirs, personal representatives and
assigns) the sum of N…………….(……………………..) required for
………………………………….business AND subject to the terms and conditions
contained in the LOAN AGREEMENT dated the …………….. day of ………………
20..…. between the LENDER and the BORROWER,
I, ………………………………………………………………………………………………. of
………………………..…………………………………………………………………………..
………………………… (hereinafter referred to as “THE GUARANTOR” which

expression shall where the context so admits include my heirs, legal
representatives and assigns) acknowledge that:
1. The Loan was given to the BORROWER on the condition and in part
consideration that I, as GUARANTOR, should give this guarantee.
2. That I am the beneficial owner of the assets and properties comprised in
my current Statement of Net Worth, a copy of which is herein annexed to
this Agreement in consideration of which the loan was given to the
Borrower.
3. That I shall not diminish or whittle down the assets and properties
comprised in my current Statement of Net Worth which assets and
properties are hereby charged as security for the payment of the
guaranteed sum in the manner and subject to the terms prescribed in the
Loan Agreement between the Lender and the Borrower which are fully
applicable herein as if the same were fully set out hereof.
Accordingly I, as GUARANTOR, hereby guarantee to the LENDER:
1. That I hereby irrevocably, absolutely and unconditionally guarantee the due

and punctual repayment of all Principal monies, charges, and expenses
which may from time to time become payable by the BORROWER under the
Loan Agreement.
2. That I shall make good on demand any default on the part of the BORROWER
or its heirs, legal representatives and assigns in the payment of the
3
guaranteed sum as specified in the Loan Agreement and to the account or
accounts specified in the demand.
3. For all purposes of the liability of the GUARANTOR to the LENDER under this
Guarantee (including in particular the generality of the foregoing for all
purposes of the liability of the GUARANTOR for interest) every sum of money
which may now or hereafter may from time to time become due or owing to
the LENDER as aforesaid by the BORROWER until the same shall be actually
repaid to the LENDER.
4. The Guarantee is to be in addition to and shall not prejudice or be prejudiced

by any other securities or guarantees which may now or thereafter be existing
in favour of the LENDER from or on account of the BORROWER.
5. Any admission or acknowledgment in writing by the BORROWER or any

person on behalf of the BORROWER of the amount of indebtedness of the
BORROWER or otherwise in relation to the subject matter of this Guarantee or
any judgment or award obtained by the LENDER against the BORROWER or
any Statement of Account furnished by the LENDER, the correctness of which
is certified by an official of the LENDER shall be conclusive and binding on the
GUARANTOR.
6. The LENDER shall be at liberty without thereby affecting its rights hereunder at
any time to refuse to make any further advance to the BORROWER to
compound with, give time for payment or grant other indulgence to the
BORROWER or to accept composition from and make other arrangements
with the BORROWER or any person liable to the LENDER for or on behalf of the
BORROWER to give up, vary, exchange or abstain from perfecting or taking
advantage of or enforcing any securities or contracts and to discharge any
parties thereto and to realise any securities when and in such manner as the
LENDER may think expedient.
7. As a separate and independent stipulation (but without increasing the

aforementioned total amount recoverable hereunder), the GUARANTOR
agrees that all sums of money which may not be recoverable on the footing
of the guarantee whether by reason of any legal limitation, disability or
incapability on or of the BORROWER or any other facts or circumstances and
whether known to the LENDER or not shall nevertheless be recoverable from
the GUARANTOR as Sole or Principal Debtor in respect thereof and shall be
repaid by the GUARANTOR within thirty (30) days after demand.
4
8. Any notice or demand hereunder shall be deemed to have been sufficiently
given if sent by pre-paid registered post to the registered office or the last
known address in Nigeria of the party to whom such notice is to be given and
shall be deemed to have been served on the third day following that on
which it was posted.
IN WITNESS WHEREOF the GUARANTOR has set his/her hand this …… day of
………………….. 20………..
SIGNED, SEALED and DELIVERED

by within-named “GUARANTOR”
SIGNATURE: .....................................................................………………………
NAME:……………………………………………………………………................
(CHIEF/DR./BARR./MR./MRS)
In the presence of:
Name: --------------------------------------------------------------------------------------
Address: ------------------------------------------------------------------------------------
Occupation: -----------------------------------------------------------------------------
Signature: ----------------------------------------------------------------------------------

Yes G Form PDF

Uploaded by

Copyright:

Available Formats

Yes G Form PDF

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Yes G Form PDF

Uploaded by

Copyright:

Available Formats

YOUTH ENTREPRENEURSHIP SUPPORT

IRREVOCABLE PERSONAL GUARANTEE GIVEN BY:

(NAME OF GUARANTOR IN BLOCK LETTERS)

trading under the name and style of

BANK OF INDUSTRY LIMITED

Tel (Home)_ Office Mobile

Name of Bank____ Account No._

………………………… (hereinafter referred to as “THE GUARANTOR” which

Accordingly I, as GUARANTOR, hereby guarantee to the LENDER:

1. That I hereby irrevocably, absolutely and unconditionally guarantee the due

4. The Guarantee is to be in addition to and shall not prejudice or be prejudiced

5. Any admission or acknowledgment in writing by the BORROWER or any

7. As a separate and independent stipulation (but without increasing the

SIGNED, SEALED and DELIVERED

In the presence of:

You might also like