The Commercial Guaranty Agreement is a crucial document in Irish commercial transactions, used when one party needs to provide additional security for another's obligations. This agreement is particularly relevant in business lending, property transactions, and corporate finance arrangements under Irish law. The document must comply with Irish statutory requirements, including the Statute of Frauds (Ireland) 1695, and typically includes comprehensive details about the guaranteed obligations, conditions for enforcement, and the extent of the guarantor's liability. Commercial Guaranty Agreements are commonly used in scenarios where lenders require additional security beyond the principal debtor's covenant, such as parent company guarantees for subsidiaries, director's guarantees for company obligations, or third-party guarantees in complex commercial transactions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Guarantor, Creditor, and Principal Debtor
2. Background: Context of the guarantee, including the underlying obligations being guaranteed
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Guarantee and Indemnity: Core guarantee obligations and indemnification provisions
5. Scope of Guarantee: Extent and limitations of the guaranteed obligations
6. Duration and Continuing Security: Term of the guarantee and its continuing nature
7. Guarantor's Representations and Warranties: Statements of fact and assurances from the Guarantor
8. Preservation of Rights: Creditor's rights preservation and waiver of defenses
9. Payments and Interest: Payment terms, interest calculations, and payment mechanics
10. Costs and Expenses: Allocation of costs related to the guarantee
11. Enforcement: Circumstances and procedures for guarantee enforcement
12. Notices: Communication requirements and contact details
13. Assignment and Transfer: Rights and restrictions regarding transfer of guarantee obligations
14. Governing Law and Jurisdiction: Specification of Irish law governance and jurisdictional matters
1. Security: Include when the guarantee is secured by specific assets
2. Corporate Authorizations: Include when the Guarantor is a corporate entity
3. Financial Covenants: Include when specific financial conditions must be maintained
4. Currency Provisions: Include for cross-border transactions involving multiple currencies
5. Tax Gross-Up: Include when tax implications need to be addressed
6. Multiple Guarantors: Include when there are multiple guarantors with joint/several liability
7. Subordination: Include when the guarantee needs to be subordinated to other obligations
8. Change of Control: Include when guarantee terms may be affected by ownership changes
1. Schedule 1 - Guaranteed Obligations: Detailed description of the obligations being guaranteed
2. Schedule 2 - Guarantee Limitations: Specific limitations or caps on the guarantee amount
3. Schedule 3 - Form of Demand: Template for making demands under the guarantee
4. Schedule 4 - Security Details: Details of any security provided (if applicable)
5. Schedule 5 - Corporate Authorizations: Copies of relevant corporate approvals
6. Appendix A - Payment Mechanics: Detailed payment procedures and bank account details
7. Appendix B - Compliance Certificate: Form for periodic certification of compliance with guarantee terms
Find the exact document you need
Promissory Note Guaranty
An Irish law-governed guarantee agreement securing a principal debtor's obligations under a promissory note, providing the creditor with additional security through a guarantor's commitment.
Download
Performance Guarantee Agreement
An Irish law-governed agreement where a guarantor ensures the performance obligations of a principal obligor to a beneficiary, providing financial security for contractual commitments.
Download
Guarantor Letter For Lease
An Irish law-governed letter where a guarantor legally commits to fulfilling a tenant's lease obligations if the tenant defaults.
Download
Guarantee Rental Agreement
An Irish law-governed agreement establishing a guarantor's obligations to cover tenant responsibilities in a rental arrangement, including rent payments and other tenancy obligations.
Download
Guarantee And Collateral Agreement
An Irish law-governed agreement combining guarantee obligations with security arrangements, establishing both guarantee terms and security interests over assets to secure specified obligations.
Download
Commercial Guaranty Agreement
An Irish law-governed agreement where a guarantor assumes responsibility for another party's financial obligations, including specific provisions required under Irish commercial law.
Download
Guaranty Fee Agreement
An Irish law-governed agreement setting out the terms for payment of fees to a guarantor in exchange for providing a guarantee.
Download
Guarantor Tenancy Agreement
An Irish law-governed agreement establishing a residential tenancy with guarantor provisions, ensuring tenant obligations are backed by a third-party guarantee.
Download
Guarantee Fee Agreement
An Irish law-governed agreement establishing the terms and fee arrangements for providing a guarantee, including payment terms and parties' obligations.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)