Request Release of Personal Guaranty

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Request Release of Personal Guaranty

Request Release of Personal Guaranty

{{company_name}}

{{company_address}}

Phone: {{company_phone}}

Email: {{company_email}}

Website: {{company_website}}

Date

{{date}}

Recipient Details

{{recipient_name}}

{{recipient_title}}

{{recipient_organisation}}

{{recipient_address}}

Subject: Request for Release of Personal Guaranty - Account/Reference No. {{account_number}}

Dear {{recipient_name}},

This letter serves as a formal request for the release of the personal guaranty provided by {{guarantor_name}} (the "Guarantor"), residing at {{guarantor_address}}, in connection with the facility/loan agreement between {{company_name}} and {{recipient_organisation}}, effective {{agreement_start_date}} (the "Agreement"). The original personal guaranty was executed on {{guaranty_date}}.

Background

The aforementioned personal guaranty was provided as security for {{description_of_original_obligation, e.g., a credit facility of ZAR {{amount}} for general working capital}}. We confirm that the primary obligations under the Agreement have now been {{reason_for_release, e.g., fully satisfied, refinanced, or replaced with alternative security as per clause X of the Agreement}}.

Request for Action

In light of the above, we kindly request that you take the necessary steps to formally release {{guarantor_name}} from his/her personal guaranty. We anticipate receiving written confirmation of this release, along with any relevant discharge documents, within {{number_of_days}} business days of the date of this letter.

Please provide us with copies of all documentation evidencing the release of the personal guaranty for our records.

Contact Person

Should you require any further information or documentation to facilitate this request, please do not hesitate to contact {{contact_person_name}} at {{contact_person_phone}} or {{contact_person_email}}.

Yours faithfully,

Signature Block

_________________________

{{authorised_signatory_name}}

{{authorised_signatory_title}}

{{company_name}}