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The Personal Guarantee Form is a crucial document in Malta's financial and commercial landscape, commonly used when additional security is required for loans, credit facilities, or other financial obligations. It serves as a legally binding commitment where a guarantor agrees to fulfill the financial obligations of a principal debtor if they default. The document must comply with Malta's Civil Code (Chapter 16) requirements, particularly Articles 1925-1963 governing suretyship. It typically includes specific details about the guaranteed obligations, the extent of liability, enforcement provisions, and the guarantor's acknowledgments and warranties. The form is especially relevant in commercial lending, property transactions, and business financing, where creditors seek additional security for their exposure. Personal guarantees are particularly common in small to medium-sized business arrangements where corporate principals personally guarantee their company's obligations.

1. Parties: Identification of the Guarantor, Creditor, and Principal Debtor

2. Background: Context of the guarantee, including reference to the principal debt or obligation being guaranteed

3. Definitions: Key terms used throughout the guarantee, including 'Guaranteed Obligations', 'Principal Debt', 'Security', etc.

4. Guarantee and Indemnity: Core guarantee provisions, including the scope and nature of the guarantee obligations

5. Extent of Liability: Clear statement of the maximum amount guaranteed and any limitations

6. Duration: Term of the guarantee and conditions for termination

7. Nature of Guarantee: Specification that this is a continuing security and binding as a principal obligation

8. Guarantor's Representations and Warranties: Confirmations regarding capacity, understanding, and authority to enter into the guarantee

9. Payment Provisions: Terms regarding manner and timing of payments under the guarantee

10. Enforcement: Circumstances and process for enforcing the guarantee

11. Notices: Communication requirements and contact details

12. Governing Law and Jurisdiction: Confirmation of Maltese law governance and jurisdiction