Board Meeting Minutes for Guarantor to Approve Guarantee and Indemnity

Document Summary

This document records the approval of a guarantee & indemnity. The company guarantees the obligations of the borrower (whether a parent company, subsidiary, etc..) under a facility agreement.

The company acts as a guarantor for the loan. The company must verify the solvency of the borrower before approval. As well as determining the benefit of such guarantee.

Description

This board resolution contains the following sections:

1. Notice and Quorum
2. Declarations of Interest
3. Approval of previous Minutes of the meeting
4. Business of the Meeting
5. Production and Consideration of Guarantee
6. Member Approval
7. Resolutions

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

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