Common use of REPAYMENT GUARANTEE Clause in Contracts

REPAYMENT GUARANTEE. I/We the undersigned do accept liability for repayment of the loan as may be approved by CFE Limited. I/We understand that if the loan is granted, I/We shall be personally responsible for repayment of the principle amount together with any interest due. In case of default, the principle, interest and any collection expenses may be recovered summarily from me/us without any further reference to me/us. 1. Name Signed I/D No. 2. Name Signed I/D No. 3. Name Signed I/D No. Witness: 1. Name Signed I/D No. Date of Application :……………………………………… PART 1: PARTIES TO THE AGREEMENT