A Foreign Guaranty Clause Samples

A Foreign Guaranty i. Must contain provisions equivalent to those contained in PJMSettlement’s standard form of Foreign Guaranty with any modifications subject to review and approval by PJMSettlement counsel. ii. Must be denominated in US currency. iii. Must be written and executed solely in English, including any duplicate originals. iv. Will not be accepted towards a Participant’s Unsecured Credit Allowance for more than the following limits, depending on the Foreign Guarantor's credit rating: Rating of Foreign Guarantor Maximum Accepted Guaranty if Country Rating is AAA Maximum Accepted Guaranty if Country Rating is AA+ v. May not exceed 50% of the Participant’s total credit, if the Foreign Grantor is rated less than BBB+.