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Revocation Of Guaranty
REVOCATION OF GUARANTY
Date: [Date of revocation]
To: [Name of recipient]
Reference is made to our guaranty dated [Date of guaranty], issued to you by the undersigned guaranteeing the continued credit of [Name of Obligor].
Please be advised that effective upon receipt of this letter of guaranty [or such effective date as provided under the guaranty], the undersigned shall not be obligated under the guaranty for any future or further credit extended by you to the Obligor. We understand that we shall remain liable for the present balance until paid.
We would appreciate confirmation of the present balance owed and would further appreciate notification when said balance has been fully paid.
Please confirm to us in writing receipt and acknowledgment of this guaranty revocation by return acknowledgment below.
Thank you for your cooperation, I remain,
Sincerely,
Acknowledged:
Effective Date: [Effective Date]