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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