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Home arrow Banking arrow Miscellaneous arrow Terminating Future Obligations Under Continuing Guarantee
Terminating Future Obligations Under Continuing Guarantee PDF Print E-mail
Written by Business Letters Admin   
Monday, 03 March 2008

[DATE, ex. Wednesday, June 11, 1998]
 

[NAME, BANK AND ADDRESS, ex.
John Smith
XYZ Bank
1234 First Street
Suite 567
Anycity, Anystate  85245]
 

Dear [NAME, ex. John Smith], 

We refer to the continuing Guarantee dated [DATE OF GUARANTEE, ex. January 15, 1996] given by us to you pursuant to which we guaranteed the ongoing obligations of [NAME OF OBLIGOR WHOSE INDEBTEDNESS WAS GUARANTEED, ex. ABC Corp.]

Please accept this letter as formal notification to you that we are terminating all future obligations under the Guarantee effective [DATE OF TERMINATION OF OBLIGATIONS UNDER GUARANTEE, ex. September 30, 1998]. 

This termination notice is given to you in accordance with the terms and conditions of the Guarantee.

Sincerely, 

[YOUR NAME, ex. Jill Jones]

 
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