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Sample Credit Increase Request Letter

by emily on April 6, 2012

To:

Mr. Andy Garcia

The CEO

Gary’s Designs

Bristol – W9 2KL

23rd August, ’12

 

Dear Mr. Garcia,

I am writing in to thank you for the credit facility extended by you to our firm.

This is really a great help to our company and we are thankful to you for your co-operation.

Now, as the sales are increasing at our stores, it would be really great if you could raise our credit limit. This help from your side will allow us to boost sales and increase profits which will be beneficial for both the parties.

We never defaulted on our dues, and we will continue the same track in the future.

I hope you will consider our request, looking forward to a positive response.

Thanks again for your co-operation.

 

Sincerely,

Josh Reynolds

(Director)

 

High End Fashions

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Sample Indemnity Agreement Letter

by emily on March 10, 2012

Indemnity Agreement to Be Given To Landlord by Someone Who Is Indemnifying the Landlord against Non-Payment by Tenant

INDEMNITY AGREEMENT –

 

This Agreement made as of [agreement date], between [Landlord name & address], the ‘Landlord’, and [Indemnifier name & address], the ‘Indemnifier’.

WHEREIN the Landlord enters into a lease of the property described as [Describe leased property here] with [Tenant name].

AND WHEREIN the property-owner agrees to enter into the Lease on the provision that he/she receives a cover from the Indemnifier, based on the terms and conditions mentioned in this Agreement;

AND WHEREIN in order to encourage the Landlord to enter into the contract, the Indemnifier agrees to provide an insurance;

NOW THIS AGREEMENT WITNESSES that in consideration of the property, the covenants and agreements contained and for other good and valuable consideration, the reception and satisfactoriness of which is hereby acknowledged, the parties are in agreement as follows:

1.         The Indemnifier hereby agrees with the Landlord:

(a)        to make the due and punctual payment of all rent, additional rent and other monies and charges of any kind whatsoever payable under the Lease during the term thereof and any extension or renewal of the term;

(b)        to effect prompt and complete performance of all obligations contained in the Lease on the part of the Tenant to be kept, observed and performed; and

(c)        to indemnify and save the Landlord harmless from any loss, costs or damages arising out of any failure by the Tenant to pay the aforesaid rent, additional rent and monies and charges or resulting from any failure by the Tenant to observe or perform any of the obligations contained in the Lease.

2.         This protection is complete and unconditional, and the compulsions of the Indemnifier shall not be freed, discharged, eased, damaged or affected by:

(a)     any time extension, or changes which the Landlord makes with the Tenant regarding the performance of any of the compulsions of the Tenant under the Lease;

(b)     any rejection by or failure of the property-owner to put in force any of the terms, covenants and conditions mentioned in the Lease;

(c)     any duty of the Lease by the Tenant or any approval which the Landlord gives  to any such duty;

(d)     any adjustment to the Lease or any rejection by the Tenant of any of its rights under the Lease;

(e)     the ending of the term or the lease termination for any reason whatsoever;

(f)       any loss of or, in respect of any protection received by the Landlord from the Tenant or, from any other person, or company, whether or not occurred or added to by or through the act, exclusion, non-payment or ignore of the Landlord; or

(g)     any act or omission of the Landlord or any other person whereby the Indemnifier would or might otherwise be released or have its obligations set free, eased, impaired or influenced in any way whatsoever, it is agreed that nothing but payment and contentment in full of all dues and charges payable according to the Lease and the due performance and adherence of all terms, covenants and conditions on the Tenant’s part to be paid and performed shall free the Indemnifier of its responsibilities hereunder.

3.         The Indemnifier hereby clearly rejects the acceptance notice of this protection and all notice of non-performance, defaulting or non-adherence the part of the Tenant of the terms, covenants and conditions mentioned in the Lease.

4.         In the occurrence of a non-payment under the Lease, the Indemnifier rejects any right to require the Landlord to:

(a)     go on against the Tenant or any other indemnifier or follow any rights or remedies in opposition to the Tenant or any other indemnifier regarding the Lease;

(b)     go on against or exhaust any protection held by the Landlord from the Tenant or any other person; or

(c)     follow any other remedy whatever in the Landlord’s power.

The Landlord has the right to implement this insurance with no regard to the receipt of extra security from the Tenant and regardless of any release or discharge of the Tenant by the Landlord or by others or by procedure of any law.

5.         With no limits on the generality of the above, the legal responsibility of the Indemnifier under this Indemnity shall continue in full force and effect and shall not be or be believed to have been waived, freed, discharged, harmed or affected by cause of the release or discharge of the Tenant in any receivership, insolvency, wrapping up or other creditors’ procedures or the rejection, or disclaimer of the contract in any proceeding and shall continue with respect to the periods earlier and afterward, for and with respect to the terms as if the Lease had not been unconfirmed or disclaimed. The accountability of the Indemnifier shall not be affected by any recovery of the property by the Landlord.

6.         No action or proceeding brought or founded under this Indemnity and no recovery in pursuance thereof shall be a block or defense to any additional action or proceeding which may be brought under this insurance on grounds of any further non-payment hereunder or in the performance and adherence of the terms, covenants and conditions mentioned in the Lease.

7.         No change of this Indemnity shall be effective unless the same is in writing and, is performed by both the Indemnifier and the Landlord.

8.         The Indemnifier shall, without limiting the generality of the preceding, be bound by this protection in the same manner as though the Indemnifier were the Tenant named in the Lease. Despite the foregoing, or any performance in whole or in part by the Indemnifier of its compulsions hereunder or of the Tenant under the Lease, the Indemnifier shall not have any right to any of the benefits to which the Tenant qualifies for under the Lease.

9.         If two or more persons, companies, partnerships or other business relations (or any arrangement of two or more thereof) perform this Indemnity as Indemnifier, the accountability of each such individual, corporation, enterprise or other business associations is joint and quite a few. In like manner, if the Indemnifier mentioned in this Indemnity is an enterprise or other business association, the members of which are constitutional or general law subject to individual liability, the liability of each such member is joint and several.

10.        All of the terms, covenants and conditions of this insurance extend to and are compulsory upon the Indemnifier, his or its heirs, executors, administrators, descendants and allots, as the case may be, and bear to the benefit of and may be imposed by the Landlord, its descendants and assigns.

11.        The compulsions of the Indemnifier hereunder shall be transferable by the Landlord and a lease assignment shall comprise an assignment of the obligations of the Indemnifier unless the said responsibilities of the Indemnifier are particularly are kept out from such assignment of the Lease.

12.        In the event of lease termination for any reason whatsoever including, but not limited to, any termination resultant from the insolvency, liquidation, wrapping up or similar circumstances of the Tenant, then at the decision of the Landlord the Indemnifier shall enter into a written agreement with the Landlord for a term beginning at the date of such termination and expiring on the date on which the Lease would have ended if it had run its full term with no defaulting by the Tenant and without such termination. Such agreement shall include the same terms and conditions as are mentioned in the Lease which would apply to and be in force for that part of the Lease term which by the original terms of the Lease would have continued till the date of such termination.

 

Dated: [dated]

…………………………………………..                             ………………………………………….

[Landlord Name]                                                                [Indemnifier Name]

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Sample Mutual Release Letter

by emily on March 10, 2012

Joint Release –

For good and valuable consideration, the reception and satisfactoriness of which is hereby accredited, [first party name in the release] and, [second party name in the release] hereby free and discharge each other &, their respective successors, and allocates of and, from all actions, roots of action, damages, claims and demands whatever, which they had, presently have or which they, their heirs and allocates, or any of them in future can, shall or might have in opposition to one another for any cause whatever, that includes but does not limit to all actions, roots of action, damages, claims and demands occurring out of [state what claim the joint release has been agreed upon]

For the same consideration, the two parties  are also in agreement for not making claim or take any legal actions against each other, or any other person or body that may allege payment or cover under the conditions of any decree or otherwise.

IN WITNESS WHEREOF the parties hereto have executed this Release this _____ day of _________________, 20_____.

 

…………………………………………..                  ………………………………………….

Witness                                                                        [First Person Name]

…………………………………………..                  ………………………………………….

Witness                                                                        [Second Peron Name]

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Sample Mutual Release Letter

by emily on March 7, 2012

Joint Release –

For good and valuable consideration, the reception and satisfactoriness of which is hereby accredited, [first party name in the release] and, [second party name in the release] hereby free and discharge each other &, their respective successors, and allocates of and, from all actions, roots of action, damages, claims and demands whatever, which they had, presently have or which they, their heirs and allocates, or any of them in future can, shall or might have in opposition to one another for any cause whatever, that includes but does not limit to all actions, roots of action, damages, claims and demands occurring out of [state what claim the joint release has been agreed upon]

For the same consideration, the two parties  are also in agreement for not making claim or take any legal actions against each other, or any other person or body that may allege payment or cover under the conditions of any decree or otherwise.

 

IN WITNESS WHEREOF the parties hereto have executed this Release this _____ day of _________________, 20_____.

…………………………………………..                  ………………………………………….

Witness                                                                        [First Person Name]

…………………………………………..                  ………………………………………….

Witness                                                                        [Second Peron Name]

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Sample Credit Line Arrangement Variable Rate of Interest Repayable On Demand Letter

by emily on March 5, 2012

Credit Line Arrangement Variable Rate of Interest – Repayable On Demand

REVOLVING CREDIT LINE

 

[Document date]

 

[Borrower name]

[Borrower address]

 

Dear Sir/Madam,

 

Sub – Establishment of Revolving Credit Facility

 

[Lender name], the lender is happy to propose to set up a revolving credit facility in the figure and on the terms mentioned below:

Borrower   –   [Borrower name]

Credit Facility – Revolving credit line in the limit of $[Highest loan amount] (the ‘Credit’).

Purpose      – [State purpose for which loan is to be sanctioned]

Interest – The interest on the total principal amount and, past due interest compounded monthly will be payable every month – on the first day of every month throughout the period of the Credit, and, also as before demand for payment or judgment, or together at a per annum price equal to the prime interest rate declared by the [bank name] from time to time, as a reference rate in effect for decisive interest rates on commercial loans plus [mention the % above prime lender].

Term & Maturity – The Credit are repayable on demand.

Availment – [date on which loan proceeds are available to be advanced]

Security   – [State any security the borrower gives – guarantees, mortgages etc.]

Positive Covenants – Till the time the amounts due for the Credit are paid in full, the borrower agrees to do the following:

[State here the affirmative points the borrower agrees on – e.g. the borrower will give financial statements every month to the lender etc.]

Negative Covenants – Till the due amounts are paid in full, the borrower shall not, without the written approval form the Lender, do any of these:

[State her any negative covenants of the borrower – e.g., the borrower will not take a loan from any other person/association.]

 

Yours truly,

 

____________________________________

 

Accepted ______________________, 20___

 

____________________________________

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Sample Request Increase Finance Letter

by emily on January 24, 2012

1234, Main Street
Boston, MA 02123

04 April, 2005

<Recipient Address Goes Here>

Hello,

Re: Increase of Credit Limit
Account No. <account number>

I am writing in request an increase to the limit of my current credit line.

If you have a look at my past account history, you will find that I have always made my payments on time.

Thus, I am requesting you for raising my credit limit from [$ ??] to [$ ??].

I believe that your company has all the information about me for the evaluation of my account, but still if you require any additional information, please feel free to contact me anytime.
Regards,
Robert Anderson
encl: <List of enclosed items goes here>

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Sample Request Temporary Increase Banking Letters

by emily on January 2, 2012

Request Temporary Increase In Credit Limit

 

[DATE, ex. Monday, November 28, 2011]

 

 

[NAME, BANK AND ADDRESS, ex.

Danny Graham

ABC Bank

123 Lane

Area 456

City, State, Pin Code]

 

Dear [NAME, ex. Mr. Graham],

We would like to request you to temporarily increase the limit on our credit facility to [REQESTED AMOUNT OF CREDIT LIMIT, ex. $500,000], until [DATE INCREASE REQUIRED UNTIL, ex. December 30, 1998].

[EXPLAIN REASONS FOR TEMPORARY INCREASE, ex. As you know, our revenues are seasonal, and though we are now gearing up for our busiest season, we will not realize these revenues until later in the quarter. It is only for this reason that we require an increase temporarily.

Thank you in advance for your anticipated co-operation.

For any queries, please feel free to contact me directly.

Yours faithfully,

[Your Name, ex. Mark Anthony]

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Sample Request Permanent Banking Letters

by emily on December 31, 2011

REQUEST PERMANENT INCREASE IN CREDIT LIMIT

[DATE, ex. Monday, November 28, 2011]

[NAME, BANK AND ADDRESS, ex.

Danny Graham

ABC Bank

123 Lane

Area 456

City, State, Pin Code]

Dear [NAME, ex. Mr. Graham],

We would like to request you to permanently increase the limit on our credit facility to [REQESTED AMOUNT OF CREDIT LIMIT, ex. $1,000,000].

[EXPLAIN REASONS FOR INCREASE, ex. As you must have noticed, our business has experienced tremendous growth over the past few years, and though this is a positive and desirable trend, we require additional credit in order to allow us to increase production to meet customer demand on time.]

You already have our financial information and related materials. For any queries, please feel free to contact me directly.

I would greatly appreciate your executing this request at your earliest convenience.

Thank you in advance for your anticipated co-operation.

Yours faithfully,

[Your Name, ex. Mark Anthony]

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Sample Credit Application Letter

by emily on December 27, 2011

To:

M/S Ganpati Petrol Filling Station

Lokhandwala

Mumbai- 896541

Dear Sir,

Sub: Request to extend Credit Sales.

Our hired cars have been filling petrol/diesel on cash payment from your station frequently for the past 6 years of about Rs 20,000/- pm.

We would like to put a proposal in front of you to consider providing us petrol/diesel on credit coupons up to a credit limit of Rs 15,000/- pm which shall be cleared by cheque payment on or before the 7th day of the succeeding month without fail.

For our credibility check, we are enclosing our Bank Statement in SBI, Lokhandwala of the last 6 months.

I will be waiting for your affirmation and look forward for a call from you soon.

Thanking you.

Yours faithfully,

Ganpati Mukhreja

Proprietor

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Sample Credit Application Letter

by emily on December 27, 2011

To:

M/S Ganpati Petrol Filling Station

Lokhandwala

Mumbai- 896541

Dear Sir,

Sub: Request to extend Credit Sales.

Our hired cars have been filling petrol/diesel on cash payment from your station frequently for the past 6 years of about Rs 20,000/- pm.

We would like to put a proposal in front of you to consider providing us petrol/diesel on credit coupons up to a credit limit of Rs 15,000/- pm which shall be cleared by cheque payment on or before the 7th day of the succeeding month without fail.

For our credibility check, we are enclosing our Bank Statement in SBI, Lokhandwala of the last 6 months.

I will be waiting for your affirmation and look forward for a call from you soon.

Thanking you.

Yours faithfully,

Ganpati Mukhreja

Proprietor

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