Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Cross guarantee definition

What does Cross guarantee mean? In finance transactions, a cross guarantee is a group‑wide arrangement under which one or more companies in the same corporate group guarantee the borrowings and other obligations of affiliated companies, so that each guarantor supports the others’ debt. The term is descriptive rather than defined by statute or case law, and usage is broadly consistent across England & Wales, Scotland, Northern Ireland and Ireland (in Scotland the obligation is characterised as a cautionary obligation, but the commercial effect is the same). Key features include joint and several guarantees, often coupled with an indemnity; upstream, downstream and cross‑stream coverage; and inclusion...

Deed of All-Monies Cross-Guarantee and Indemnity by Group Companies in Favour of Lender (Joint and Several; Bilateral) - England and Wales

Published by a LexisNexis Banking & Finance expert

Precedents

This Deed of guarantee and indemnity is executed on [ insert day and month ] 20[ insert year ] Parties 1 [ Insert name of Guarantor ], a company incorporated in England and Wales with registered number [ insert company number ], having its Registered office at [ insert address ] ( Company A ); 2 [ Insert name of Guarantor ], a company incorporated in England and Wales with registered number [ insert company number ], having its registered office at [ insert address ] ( Company B ); Company A and Company B together (the Obligors ), and 3 [ Insert name of Lender ], of [ insert address ] (the Lender ).

bACKGROUND

(A) The Lender has extended facilities to the Obligors under a range of financing arrangements. (B) The Lender’s provision of those facilities to the Obligors, or to any of them, is conditional upon the Obligors executing this Deed for the benefit of the Lender...

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Web page updated on 22/05/2026

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