Sample Terminating Future Banking Letters

Terminating Future Obligations under Continuing Guarantee

[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],

This is in reference to the continuing Guarantee dated [DATE OF GUARANTEE, ex. June 28, 2011] given by us to you pursuant to which we guaranteed the ongoing obligations of [OBLIGOR’S NAME WHOSE INDEBTEDNESS WAS GUARANTEED, ex. PQR 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. December 1, 2011].

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

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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