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 borrowers 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 in full.

REPAYMENT GUARANTEE. We, We the undersigned, undersigned hereby accept jointly and severally liability for the repayment of the loan in the event of the borrowers 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, salary and that we shall not be eligible for loans unless the amount in default has been cleared in if full. For official use only: LOANS OFFICE a) Total Shares Kshs. b). Loan outstanding Kshs.