Sample Letter Of Guarantee For Deferral Of Execution
GUARANTEE LETTER
Date: ………………………………………….. ……….. ………………….
TO THE EXECUTION DIRECTORATE ……………..
( ) Following the decision issued by the Civil Commercial Court in case no. …../….. E. and the initiation of proceedings by the Creditor …………………………….. in your Execution Directorate’s file no. …………………. E. file, the debtor …………………………Ş., who appealed the court decision, has guaranteed the debt up to a maximum of …………………- TL (Only …………. Turkish Lira) by your office at the end of the period given by your office or according to the outcome of the Stay of Execution Decision to be issued by the Court of Appeals. Since our Bank guarantees the debt up to Turkish Lira, we accept and undertake that, upon your office’s letter of indemnity, without the need to issue a prior warning letter, obtain a ruling, or obtain the debtor’s consent, the guaranteed amount will be paid immediately, in cash, together with the statutory interest for the days between the date of request and the date of payment, by our Bank in its capacity as guarantor.
TURKEY ……………. BANK A.Ş.
………………………………………… Branch
• FINAL AND IRREVOCABLE