Common use of REPAYMENT GUARANTEE Clause in Contracts

REPAYMENT GUARANTEE. We the undersigned hereby accept jointly and severally liability for the repayment of the loan in the event of the borrower's default. We understand that the amount in default may be recovered by an offset against our shares in the society or by attachment of our property or salary and that we shall not be eligible for loans unless the amount in default has been cleared if full. Guarantors M/No. Employment No. Guarantor’s Name Workstation Shares Loan Amount Guaranteed Signature TOTAL For official use only: LOANS OFFICE

Appears in 2 contracts

Samples: orientsacco.co.ke, www.orientsacco.co.ke

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REPAYMENT GUARANTEE. We We, the undersigned undersigned, hereby accept jointly and severally severally, liability for the repayment of the this loan in the event of the borrower's ’s default. We understand that the amount in default may be recovered by an offset against our shares in the society deposit or by attachment of our property or salary and that we shall not be eligible for loans unless the amount in default has been cleared if fullproperty, salary. Guarantors M/Member No. Employment No. Guarantor’s Name Workstation Shares Loan Amount Guaranteed Signature TOTAL For official use only: LOANS OFFICEOutstanding Deposits

Appears in 2 contracts

Samples: Loan Application and Agreement, Loan Application and Agreement

REPAYMENT GUARANTEE. We the undersigned hereby accept jointly and severally liability for the repayment of the loan in the event of the borrower's default’s defaults. We understand that the amount in default may be recovered by an offset against our shares in the society Society or by attachment of our property or salary and that we shall not be eligible for loans unless the amount in default has been cleared if in full. Guarantors M/We hereby guarantee the applied amount of Kshs……………… or LESS as the Credit Committee may consider appropriate. Guarantors: Member No. Employment Phone No. Guarantor’s Name Workstation Shares Loan Amount Guaranteed Names Signature TOTAL For official use only: LOANS OFFICE1.

Appears in 1 contract

Samples: maishaborasacco.com

REPAYMENT GUARANTEE. We We, the undersigned hereby accept jointly and severally severally, liability for the repayment of the loan in the event of the borrower's borrower default. We understand that the amount in default may be recovered by an offset against our shares in the society or by attachment of our property or salary and that we shall not be eligible for loans unless the amount in default has been cleared if in full. Guarantors M/No. Employment No. Guarantor’s Name Workstation Shares Loan Amount Guaranteed Signature TOTAL For official use only: LOANS OFFICEGuarantors

Appears in 1 contract

Samples: kemusacco.com

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REPAYMENT GUARANTEE. We the undersigned undersigned, hereby accept jointly and severally severally, liability for the repayment of the loan in the event of the borrower's ’s default. We understand that the amount in default may be recovered by an offset against our out shares in the society or of by attachment of our property or salary salary, and that we shall not be eligible for loans unless the amount in default has been cleared if in full. Guarantors GUARANTORS TSC NO M/No. Employment No. Guarantor’s Name Workstation Shares Loan Amount Guaranteed Signature TOTAL For official use only: NO NAME SHARES LOANS OFFICEKSHS GUARANTORS SIGNATURE

Appears in 1 contract

Samples: www.noblesaccosociety.co.ke

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