Example of a Letter of Guarantee for Postponement of Execution

LETTER OF GUARANTEE

Date: ………………………………………….. ……….. ………………….

EXECUTIVE DIRECTORATE ……………..

( ) ( ) Commercial Court of First Instance …../….. E. Ref No. file from the given creditor’s ……………………………..your Enforcement office …………………. E. upon being placed under follow-up from the numbered file, the debtor who appealed the court decision ………………………… Sh. at the end of the period given by your directorate or as a result of the Postponement of the Execution Decision to be given by the Court of Cassation, the maximum …………………- TL (Solo ………….It is Turkish Lira.)Turkish Liras to guarantee our bank debt up to your department in advance to withdraw the protest in sentencing and post reimburse to be taken without the consent of the borrower, of the guaranteed amount immediately, from the moment of payment until the time of cash and demand, together with statutory interest Days will pass, and with the capacity to offer a guarantee we agree to pay our bank, and we are committed to.

TURKEY ……………. BANK A.Sh.

………………………………………… Branch

* IT IS DEFINITE AND INDEFINITE

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