Payment Demand For Counter-Guarantee

This legal template could be a document used by a party who has provided a guarantee to another party on behalf of a third party, who is the primary debtor. The template is designed to outline and formalize the demand for payment from the counter-guarantor, who guaranteed the obligations of the original guarantor. It would specify the amount in default, the details of the original guarantee, and the demand for immediate payment by the counter-guarantor to fulfill the obligations of the defaulted guarantor. The template may also include provisions for legal action if the counter-guarantor fails to make the required payment.