TMD Energy Guarantees Customer's Facility with MBSB Bank

Key Highlights

• TMD Energy Ltd (Guarantor) entered a Letter of Guarantee with MBSB Bank Berhad (Bank).
• The guarantee covers financing facilities granted by MBSB Bank to a 'Customer'.
• TMD Energy unconditionally and irrevocably guarantees payment of 'Guaranteed Amounts'.
• The guarantee is a continuing obligation until the facility is fully settled.
• TMD Energy is liable as a principal debtor, not merely a surety.
• Guarantor undertakes not to change shareholdings in the Customer without Bank's consent.
• TMD Energy indemnifies the Bank against losses from non-observance of terms.
• The Bank can disclose information about the Guarantor to various parties.