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1. www.lexisnexis.co.uk › legal › guidanceWhen can a guarantor voluntarily revoke its liability under a ...

   www.lexisnexis.co.uk › legal › guidance

   Oct 30, 2023 · The liability of a guarantor can be terminated in a number of different ways: firstly, the guarantee can be discharged by performance of the guaranteed obligation by the principal obligor or performance of the guarantee by the guarantor (see Practice Note: Discharging guarantees by repayment or performance and clawback considerations)

   • In what circumstances can a guarantor unilaterally terminate ...

     When can a guarantor voluntarily revoke its liability under...

2. uk.practicallaw.thomsonreuters.com › 4/505/8791Guarantees: termination and discharge - Practical Law

   uk.practicallaw.thomsonreuters.com › 4/505/8791

   by Practical Law Finance. A practice note on the termination (revocation or cancellation) and discharge of guarantees. It also briefly considers circumstances in which a guarantee may be set aside (as a result of undue influence, misrepresentation, breach of contract or breach of duty to disclose).

3. www.lexisnexis.co.uk › legal › guidanceIn what circumstances can a guarantor unilaterally terminate ...

   www.lexisnexis.co.uk › legal › guidance

   When can a guarantor voluntarily revoke its liability under a guarantee?Guarantees are a contractual arrangement where one party (the guarantor) agrees to answer for the liability of another party (the principal or principal obligor) to another party (the creditor/lender or guaranteed

4. www.squirepattonboggs.com › - › mediaA Brief Introductory Guide to the English Law of Guarantees

   www.squirepattonboggs.com › - › media

   guarantor under a see-to-it guarantee could be discharged from its obligations if a “material” amendment is made to the underlying contract without the consent of the guarantor. Indemnities – the Instance and Scope of Liability The liability under a contract of indemnity is (as further explained below in the context of discussing demand

5. www.pinsentmasons.com › out-law › guidesIndemnities and guarantees - Pinsent Masons

   www.pinsentmasons.com › out-law › guides

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   Dec 19, 2011 · Discharge of obligations of guarantor and indemnifier. In general terms, if the tenant is discharged from performance of its covenants by the landlord the liability of the guarantor will also be discharged. This is not the case with an indemnity. Bankruptcy/insolvency

6. uk.practicallaw.thomsonreuters.com › 5/534/5952Spotlight on: Termination and discharge of guarantees

   uk.practicallaw.thomsonreuters.com › 5/534/5952

   Jul 18, 2013 · My tenant has died, can I still rely on the rent guarantee? Do tenant’s and guarantor’s obligations end on death or pass to their executors? What is the effect of section 17 HA 1988 where the tenant has died and his girlfriend remained in the property?

7. People also ask

   Can a guarantor be discharged?

   • For this reason, as a rule of thumb, all variations to the principal contract should be regarded as material. A guarantor may be discharged if the lender and the borrower enter into a binding agreement to extend the time for performance by the borrower of its obligations under the principal contract.

   Discharge of a guarantee - Lexology

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   When will a guarantee be discharged?

   • A guarantee will be discharged if there has been any substantial variation in the terms of the lease without the consent of the guarantor. Therefore, consent in writing should always be obtained. This principle does not apply to an indemnity since this is a primary liability.

   Indemnities and guarantees - Pinsent Masons

   www.pinsentmasons.com/out-law/guides/indemnities-and-guarantees

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   Can a guarantor be terminated?

   • Guarantees are a contractual arrangement where one party (the guarantor) agrees to answer for the liability of another party (the principal or principal obligor) to another party (the creditor/lender or guaranteed party). The liability of a guarantor can be terminated in a number of different ways:

   When can a guarantor voluntarily revoke its liability under a guarantee

   www.lexisnexis.co.uk/legal/guidance/when-can-a-guarantor-voluntarily-revoke-its-liability-under-a-guarantee

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   What is a guarantor's liability?

   • A guarantor's liability is linked with the underlying obligations of the tenant. This means that care must be taken where the terms of the lease are varied. A guarantee will be discharged if there has been any substantial variation in the terms of the lease without the consent of the guarantor.

   Indemnities and guarantees - Pinsent Masons

   www.pinsentmasons.com/out-law/guides/indemnities-and-guarantees

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   Is a guarantee a contract of guarantee?

   • ations are largely based on general English law principles. It is important to note that gene With an “Indemnity” (Such as “a Demand Guarantee”)As indicated above, sometimes, in the eyes of the law, it may be that a particular instrument, albeit named as a guarantee, is not a true contract of guarantee but a contr

   A Brief Introductory Guide to the English Law of Guarantees

   www.squirepattonboggs.com/-/media/files/insights/publications/2023/07/a-brief-introductory-guide-to-the-english-law-of-guarantees/a-brief-introductory-guide-to-the-english-law-of-guarantees.pdf?rev=b0a5fd96d04749619d0c87c6cfa0d9ab

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   Is a demand guarantee a contract of guarantee?

   • With an “Indemnity” (Such as “a Demand Guarantee”)As indicated above, sometimes, in the eyes of the law, it may be that a particular instrument, albeit named as a guarantee, is not a true contract of guarantee but a contr ct of indemnity, of which a demand guarantee is an example.

   A Brief Introductory Guide to the English Law of Guarantees

   www.squirepattonboggs.com/-/media/files/insights/publications/2023/07/a-brief-introductory-guide-to-the-english-law-of-guarantees/a-brief-introductory-guide-to-the-english-law-of-guarantees.pdf?rev=b0a5fd96d04749619d0c87c6cfa0d9ab

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8. www.lexology.com › library › detailDischarge of a guarantee - Lexology

   www.lexology.com › library › detail

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   May 2, 2014 · A guarantor may be discharged if the lender and the borrower enter into a binding agreement to extend the time for performance by the borrower of its obligations under the principal contract.