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The Bank Personal Guarantee is a critical security document used in Malaysian banking transactions when a bank requires additional security beyond the primary borrower's commitments. This document is commonly utilized when extending credit facilities to companies or individuals where the bank seeks extra assurance through personal commitment from directors, shareholders, or related parties. The guarantee, governed by Malaysian law and banking regulations, creates a legally binding obligation for the guarantor to fulfill the principal debtor's obligations if they default. It typically includes provisions for direct enforcement, contains representations about the guarantor's financial capacity, and may be supported by additional security. The document must comply with Malaysian banking regulations, particularly the Financial Services Act 2013 and the Contracts Act 1950, and requires proper stamping under the Stamp Act 1949 to be enforceable.

1. Parties: Identification of the Bank (guarantee beneficiary), the Guarantor (person providing guarantee), and the Principal Debtor

2. Background: Context of the guarantee, including details of the principal debt or facility being guaranteed

3. Definitions: Key terms used throughout the guarantee document, including 'Guaranteed Sum', 'Principal Debt', 'Security Documents'

4. Guarantee and Indemnity: Core guarantee obligations, amount guaranteed, and indemnity provisions

5. Scope of Guarantee: Extent of guarantor's liability, whether continuing guarantee, and coverage of future facilities

6. Guarantor's Representations and Warranties: Declarations regarding capacity, authority, and financial status of the guarantor

7. Payment Obligations: Terms of payment, including on-demand nature of guarantee and payment mechanics

8. Interest and Other Charges: Interest rates applicable on guaranteed amounts and other chargeable costs

9. Continuing Security: Provisions establishing the guarantee as a continuing security until full discharge

10. Bank's Rights and Remedies: Rights of enforcement, sale of security, and appointment of receivers

11. Preservation of Rights: Bank's right to preserve and exercise other remedies and securities

12. Governing Law and Jurisdiction: Malaysian law as governing law and jurisdiction of Malaysian courts