Payment Guarantee Letter (PGL)

example


Date: [Insert Date]
To: [Client’s Full Name]
Address: [Client’s Address]


From:
Bluhe Shire Trust
Attn:
Address: 7901 4th St. N STE 6602, St. Petersburg, FL 33702
Phone: 1-561-943-8912


Re: Payment Guarantee Letter

Dear [Client’s Full Name],

This Payment Guarantee Letter (“PGL”) is issued by Bluhe Shire Trust, a U.S. Private Trust (the “Guarantor”), in favor of [Client’s Name] (the “Client”), under the terms and conditions outlined below.


1. Guarantee Commitment

Bluhe Shire Trust, as the Guarantor, hereby irrevocably and unconditionally guarantees to the Client the full and timely payment of all amounts due in relation to the transactions detailed in the Asset Under Management Agreement (AUM) dated [Insert Date] and any associated Joint Venture Agreement (JV) or other agreements entered into between Bluhe Shire Trust and the Client.


2. Payment Obligation

Bluhe Shire Trust guarantees that all payments due to the Client under the terms of the AUM, JV, or any associated agreements will be made in full and on time, subject to the specific payment terms outlined below:


  • Amount Guaranteed: [Insert Guaranteed Amount, e.g., $XX,000,000]
  • Payment Term: [Insert Payment Term, e.g., 45 business days from the date of asset monetization or agreement execution]
  • Disbursement Schedule: [Describe the schedule, e.g., “Initial disbursement of [X%] within 30 days, followed by scheduled payments at [specific intervals] or upon the achievement of agreed milestones.”]
  • Final Payment Date: [Insert Date of Final Payment or Termination Date of the Guarantee]
  • Currency: All payments under this PGL shall be made in [USD/Euro/Other Currency], unless otherwise agreed in writing by both parties.


3. Beneficiary Account Information for Wire Transfer

The Client shall provide the following beneficiary account information for receiving the guaranteed payments via wire transfer:

  • Beneficiary Name: [Insert Full Name or Business Name]
  • Bank Name: [Insert Bank Name]
  • Bank Address: [Insert Bank Address]
  • IBAN/Account Number: [Insert IBAN or Account Number]
  • SWIFT/BIC Code: [Insert SWIFT/BIC Code]
  • Routing Number (if applicable): [Insert Routing Number]
  • Additional Details: [Insert any other necessary information for wire transfer]


4. Payment Delay and Default

If Bluhe Shire Trust fails to make any payment to the Client as stipulated in the Payment Structure, interest at the rate of [insert rate] per annum shall accrue from the due date until the date of actual payment. The Client reserves the right to claim additional compensation for losses incurred as a result of the delay.


5. Force Majeure

Neither party shall be liable for any failure or delay in performing its obligations under this PGL if such failure or delay is due to circumstances beyond its reasonable control, including but not limited to acts of God, war, terrorism, pandemics, natural disasters, or governmental actions. In such cases, the affected party shall notify the other in writing, and both parties will work in good faith to resolve the situation.


6. Limitation of Liability

The total liability of Bluhe Shire Trust under this PGL shall not exceed the amount of [insert maximum amount]. In no event shall Bluhe Shire Trust be liable for any indirect, incidental, special, or consequential damages arising from its obligations under this PGL.


7. Escrow Requirement (if applicable)

Bluhe Shire Trust agrees to deposit the guaranteed payment amount into an escrow account held by a reputable financial institution. The funds will be released to the Client upon meeting the conditions stipulated in this Payment Guarantee Letter.


8. Claim Procedure

In the event of non-payment or default, the Client may submit a written claim for compensation under this PGL, detailing the specific nature of the non-payment or breach, along with supporting documentation. Bluhe Shire Trust will have 15 business days to cure any breach or non-performance. If the issue is not resolved within this period, Bluhe Shire Trust shall fulfill its obligations by making the required payments or taking necessary remedial actions.


9. Governing Law

This PGL shall be governed by and construed in accordance with the laws of the State of Florida, USA, without regard to conflict of law principles. This guarantee will be enforceable in any court having jurisdiction over Bluhe Shire Trust or the Client. Both parties hereby agree to the exclusive jurisdiction of the courts of Florida.


10. International Conventions

This PGL shall be governed by the principles of the United Nations Convention on Contracts for the International Sale of Goods (CISG), where applicable, and shall apply to the extent that such principles do not conflict with the governing law of Florida.


11. Duration of the Guarantee

This PGL shall remain valid and in full force until all payment obligations related to the AUM and JV agreements are fulfilled, or until the [Insert Final Payment Date], whichever comes sooner. Upon full payment of all amounts owed, this PGL will automatically terminate, and Bluhe Shire Trust will be released from any further liability under this guarantee.


12. Non-Transferability

This PGL is personal to the Client and shall not be transferred, assigned, or otherwise transferred to any third party without the prior written consent of Bluhe Shire Trust.


13. Severability

If any provision of this PGL is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect and shall be interpreted in such a manner as to give effect to the original intent of the parties.


14. Miscellaneous

  • Amendments: This PGL may only be amended in writing and signed by both parties.
  • Notices: Any notices required under this PGL must be sent by registered mail or courier to the addresses provided at the top of this document.


IN WITNESS WHEREOF, Bluhe Shire Trust has executed this Payment Guarantee Letter as of the date first written above.




Bluhe Shire Trust
By: ___________________________
Name:
Title: Trustee
Date: __________________________



Client
By: ___________________________
Name: _________________________
Date: __________________________

Share by: