Personal Guarantee Loan Agreement
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Aboriginal Loan Guarantee Program Outline of Loan Guarantee Agreement The following is an outline of the terms that may be included in an agreement for a loan guarantee provided by the Province under the ALGP.. The applicant will be required to fulfill ongoing covenants while the loan guarantee is in place, including allowing the Province to review documents and information relating to the loan and project, providing information and reports to the Province, complying with restrictions on its operations and management, and other matters as the Province requires.. (v) Effective Date of Guarantee: As noted, there will be certain conditions precedent to the effectiveness of the guarantee and the loan guarantee agreement will provide for satisfactory evidence to be provided to the province that the conditions precedent have been fulfilled including but not limited to copies of agreements, closing certificates, legal opinions and other documents satisfactory to the Province..
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