Demand for Payment on Guarantees Template

Download this Demand for Payment on Guarantees Template Design in Google Docs, Word, PDF, Apple Pages, Outlook Format. Easily Editable, Printable, Downloadable.

Create an effective letter to inform a client that they need to settle the amount owed to your company using this premium Demand for Payment on Guarantees template. This file is ready-made and can be download instantly anytime, anywhere, at any device. This also helps your financial institution remind the recipient of the guarantees made as well as their responsibilities. The file is easy to use in the available file formats presented. It is also printable and can be shared digitally. What are you waiting for? Download this deal today!

DEMAND FOR PAYMENT ON GUARANTEES

[DATE]

Dear [RECIPIENT NAME],

This letter serves to notify you that [NAME], the debtor, is currently in default of its obligations to [COMPANY NAME] amounting to [NUMBER] [CURRENCY] as of [DATE 1].

Pursuant to the terms and conditions of your Guaranty dated [DATE 2], it is stated that you shall be held responsible in full for any and all the obligations of [NAME].

This letter is sent to demand from you the full payment of the aforementioned amount owed by [NAME] to [COMPANY NAME] not later than [DATE 3] via [DETAIL].

If you fail to deliver and to pay the amount demanded from you by the date the payment is due, we will have no choice but to commence legal proceedings against you under the Guaranty you executed and will make you obliged to shoulder the legal fees and costs arising from such proceedings as stipulated in the provisions of the Guaranty.

If there is anything you’d like to ask us, you can contact [NAME 1] via [PHONE NUMBER] or [EMAIL ID].

Please be guided accordingly.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]