Miscellaneous Letter: Unlimited Guaranty

Form Unlimited Guarantee Contract is a legally binding document that allows for one party to agree to assume liability for the obligations of another under a separate agreement. For example, the creditor/lender in a Loan Agreement may require the debtor/borrower to provide a guarantor before financing the loan. Also, it is common for banks to provide a Bank Guarantee Letter in transactions between businesses. If a Guarantee Agreement is in place, the creditor can request the guarantor to repay the loan in the event that the debtor defaults its obligations under the Loan Agreement.

Guaranty is A contractual obligation to pay a debt, to perform a service, or to otherwise compensate for an obligation that another (the primary debtor) is commited to with a third-party (i.e. a lender), in the event that the primary debtor defaults.

Unlimited Guaranty letter format sample

Unlimited Guaranty For Good And Valuable Consider, and as an inducement for _ (Company), to extend credit to _ (Borrower), the undersigned jointly and severally and unconditionally guaranty to Company the prompt and full payment of all sums now or hereinafter due Company from Borrower. And the undersigned agree to remain fully bound on this guaranty notwithstanding any extension, forbearance, or waiver, or release, discharge or substitution of any collateral or security for the debt. In the event of default, the Company may seek payment directly from the undersigned without need to proceed first against the Borrower. This guaranty shall be binding upon and inure to the benefit of the parties, their successors, assigns and personal representatives. Signed under seal this _ day of _, 20_.

download Miscellaneous Letter: Unlimited Guaranty.doc (ms word format)

National Hurricane Center Hurricane Irene

National Hurricane Center Hurricane Irene National Hurricane Center director Bill Read, left, and senior hurricane specialist Dan Brown participate in a conference call to coordinate the 11 a.m. ET forecast for Hurricane Irene, Saturday, Aug. 27, 2011, at the NHC in Miami.

Hurricane Irene is battering eastern North Carolina, and tropical storm conditions are spreading northward along the Delaware-Maryland-Virginia coast, according to the National Hurricane Center.

Irene may have been downgraded to a Category 1 storm. But following the hurricane’s initial landfall at about 7:30 a.m. Saturday, a hurricane warning is in effect from the Little River inlet in North Carolina northward to Sagamore Beach, Mass., including the Pamlico, Albemarle, and Currituck sounds, Delaware and Chesapeake Bays, New York City, Long Island, coastal Connecticut and Rhode Island, Block Island, Martha’s Vineyard, and Nantucket.

“Irene remains a large and dangerous storm,” Homeland Security Secretary Janet Napolitano said at a news briefing Saturday morning She advised residents in the hurricane’s path to “hunker down.”

RECOMMENDED: Five things you can do to keep safe in a hurricane

“Stay inside until the storm passes, stay off the roads,” she said.

As Irene moved north Saturday, President Obama signed pre-disaster emergency declarations for New Hampshire, Rhode Island, New Jersey, and Connecticut, making those states eligible for federal aid to protect property and public health and safety.

Meanwhile, the Federal Emergency Management Agency (FEMA) has positioned 18 Incident Management Assistance Teams along the coast to coordinate with state, tribal and local officials to identify needs and shortfalls affecting potential disaster response and recovery. Six national urban search and rescue teams have been placed on alert in the event that search and rescue support is needed. The Department of Health and Human Services has deployed five Disaster Medical Assistance Teams to staging areas.

At the Saturday briefing, National Hurricane Center director Bill Read said there is “a high probability” of storm surges of 4-8 feet. Coupled with 5-10 inches of rain, he said, the mid-Atlantic states, New York, and New England can expect flash flooding and river flooding.

One concern among officials is the temptation to go outside once the storm seems to be abating.

“In the immediate aftermath, the best thing for people to do is stay home, stay inside,” says FEMA administrator Craig Fugate.

http://news.yahoo.com/photos/hurricane-irene-1314075193-slideshow/national-hurricane-center-director-bill-read-left-senior-photo-150245596.html

Themedicare payments: Centers for Medicare and Medicaid invited providers

The Centers for Medicare and Medicaid Services (CMS) announced a new plan on Tuesday that would pay interested doctors, hospitals, and other providers

Hospitals are interested in the new payment structure that Medicare announced Tuesday but say they still need to look more closely at the program's financial incentives.

The health-care law includes a variety of provisions meant to shift Medicare’s payment system toward a focus on quality. Yet many of these aspects of the law

The U.S. agency that runs government health insurance is launching a program that would bundle insurance payments for multiple procedures in the hope of improving patient care while also saving money.

The Centers for Medicare and Medicaid invited providers on Tuesday to help develop four models to bundle payments.

The program is meant to encourage hospitals, doctors and other specialists to coordinate in treating a patient's specific condition during a single hospital stay and recovery.

"Today Medicare pays for care in the wrong way," Health and Human Services Secretary Kathleen Sebelius told reporters on a press call.

"Payments are based on the quantity of care, and not on the quality of that care," she said. "There is little financial incentive for the kind of care coordination that can help patients from returning to the hospital."

The four models give providers flexibility on how they get paid and for which services, as well as give them financial incentives to avoid unnecessary or duplicative procedures.

"Hospitals and other providers recognize that they have to accommodate the current (fiscal) environment," said Nancy Foster, vice president for quality at the American Hospital Association, an industry group that represents hospitals and other providers.

She said that while some hospitals or doctors may get less money overall in a bundled payment, they will still get their costs covered and perhaps earn rewards for better coordinating care.

The CMS Innovation Center, created under President Barack Obama's healthcare overhaul last year, has been looking into bundling payments as part of a larger effort to improve patient care and reduce costs.

"From a patient perspective ... you want your doctors to collaborate more closely with your physical therapist, your pharmacist and your family caregivers," CMS Administrator Donald Berwick said in a statement. "But that sort of common sense practice is hard to achieve without a payment system that supports coordination over fragmentation."

For more about the program and the four proposed models, please see a CMS fact sheet at http://r.reuters.com/gaf43s.

About 45 million elderly and disabled Americans are enrolled in federal Medicare plans, which have come under heightened scrutiny as Congress tries to cut the U.S. deficit ahead of a November deadline. The government's soaring healthcare bill is one of the biggest contributors to the deficit.

Further cuts to the $427 billion Medicaid program also are likely at the federal level. The insurance program for the poor is funded jointly by federal and state governments, but administered by the states with federal oversight.

(Reporting by Alina Selyukh and Anna Yukhananov; editing by Andre Grenon, Gary Hill)

Refinance Applications Increase in Latest MBA Weekly Survey

“Amid substantial market turmoil last week, mortgage rates dropped to their lowest levels of the year, and refinance applications jumped more than 30 percent to

On the heels of a record quarter of home price declines, total mortgage applications sit 28.5% above the same week last year, even as the weekly momentum of refinance

Demand for mortgage refinancing hit a 15-month high in the week ending Aug 13, according to The Mortgage Bankers Association. The MBA's Refinance Index rose 17.1%

Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 12, 2011.

The Market Composite Index, a measure of mortgage loan application volume, increased 4.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.6 percent compared with the previous week and was 13.5 percent lower than a year ago. The Refinance Index increased 8.0 percent from the previous week, but was 16.3 percent lower than the same week last year. The seasonally adjusted Purchase Index decreased 9.1 percent from one week earlier. The unadjusted Purchase Index decreased 10.1 percent compared with the previous week and was 1.1 percent lower than the same week one year ago.

“Unprecedented volatility in the stock market last week amid additional signs that the economy has slowed led to further drops in mortgage rates, with the 15-year rate reaching a new low for the MBA survey,” said Mike Fratantoni, MBA’s Vice President of Research and Economics. “Purchase application activity fell sharply over the previous week, likely the result of potential homebuyers hesitant to purchase in this highly volatile and uncertain environment.”

Fratantoni continued, “Refinance application volume increased substantially for the week, although there was substantial variation across the market. In September MBA’s Weekly Applications Survey will transition to an expanded sample that covers 75% of the retail market rather than the current sample that covers roughly 50% of the retail market. That expanded sample showed a significantly larger increase in refinance applications than the current sample, with some lenders reporting increases in refinance applications in excess of 50 percent for the week. The big differences in refinance volumes were likely driven by the decisions of some lenders not to drop rates last week, largely due to the need to manage their pipelines.”

The four week moving average for the seasonally adjusted Market Index is up 6.9 percent. The four week moving average is down 2.2 percent for the seasonally adjusted Purchase Index, while this average is up 10.1 percent for the Refinance Index.

The refinance share of mortgage activity increased to 78.8 percent of total applications from 75.6 percent the previous week, the highest the refinance share has been since November 2010. The adjustable-rate mortgage (ARM) share of activity decreased to 5.8 percent from 6.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.32 percent from 4.37 percent, with points decreasing to 0.87 from 1.07 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also decreased from last week. The 30-year fixed contract rate has decreased for three straight weeks and is at a new low for this year.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.47 percent from 3.52 percent, with points increasing to 1.08 from 0.96 (including the origination fee) for 80 percent LTV loans. The effective rate also decreased from last week. The 15-year contract rate is at lowest level in the history of this survey.

If you would like to purchase a subscription of MBA’s Weekly Applications Survey, please contact mbaresearch@mortgagebankers.org or click here.

The survey covers over 50 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100.

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Busines of Day Oil Stocks

Daily business to business article now is change to what is hot topic, how Oil Stocks will bi crash or why?

when Oil Stocks will be crash, see complete article. it about Oil Stocks business on the day..

Oil stocks up as battle rages on in Libya

Oil stocks are back up Tuesday, amid confusion about the situation in Tripoli. After falling yesterday, oil stocks rose today in Europe, and prices for benchmark oil for October delivery were up to nearly $86 in Paris in the afternoon.

Experts estimate that it might take up to three years for Libya to go back to its 1.6 million barrels per day production.

Shares of major oil producers including Exxon Mobil (XOM, Fortune 500), Halliburton (HAL, Fortune 500), Chevron (CVX, Fortune 500) and BP (BP) rose modestly, but gains were capped by fears about the global recovery.
Oil market's 'knee jerk reaction' to Libya

Meanwhile, coal stocks continue to lose ground, reflecting the expected slowdown in Asian economies, most of which run on coal. The Market Vector Coal ETF (KOL) is down almost 20% for the year.

These are among the popular themes on StockTwits Monday:

OptionAssassin: The economy is so bad Exxon laid off 25 congressmen. $XOM

macroQmicro: Getting hosed? Crude #oil futures down 38% since May, average #gasoline price at pump down 9%. $CL_F $UGA

TheArmoTrader: Average WTI price (adjusted for inflation) from 2003-10 = $61.93 ....So far average nominal price in 2011= $96.73. #thoughts $CL_F
0:00 / 1:22 Libya heats up oil markets

CoderTrader: $$ If Libya eventually comes back online, the crack spread should come back down to reality over time. $MACRO $CL_F $USO

StockSage1: Anyone notice that $OIH has now given back all its gains since the Nov 3rd formal FOMC announcement of QE2? $KOL is actually lower.

douglas_blake: $KOL $ANR $WLT $BTU Always amazed to see coal obliterated during corrections. Great example of polling station/scale. $$ To top of page

Confusion over the extent of the rebels' hold on the Libyan capital and a rally in stock markets drove oil prices higher Tuesday, a day after they fell in anticipation of the end of strongman Moammar Gadhafi's regime.

On Monday, Libyans celebrated the news that insurgents had reached Tripoli, but late in the day the appearance of Gadhafi's son and potential successor, whom the rebels had claimed to have captured, called into doubt rebel declarations of victory.

That confusion pushed benchmark oil for October delivery up $1.34 to $85.76 in the afternoon Paris time in electronic trading on the New York Mercantile Exchange.

n London, Brent crude was up 29 cents to $108.65 on the ICE Futures exchange.

Despite the initial jubilation, investors have also questioned how fast Libya's oil production could recover should the rebels take power. Fighting since February has cut the OPEC nation's crude output to 60,000 barrels a day from about 1.5 million, and the country's oil infrastructure has been damaged.

Capital Economics noted that with experts predicting Libya will take months, if not years, to ramp up production, traders may be putting hopes for the country on hold. They may instead be taking their cues from a rally in stock markets across Europe and Asia.

"Even if (Gadhafi) is dislodged soon, the markets may be worried about the scope for infighting between the unstable alliances of opposition forces that appear to have brought him down, and about the possibility of damage to Libya's oil infrastructure in the meantime," Capital Economics said in a report. "Nonetheless, we think that oil prices will fall further as events in Libya unfold."

Goldman Sachs said it was sticking by its forecast that Libya's oil production will average 250,000 barrels a day next year.

Others were more optimistic. Libyan crude output will likely return to pre-conflict levels in the first half of next year, said Richard Soultanian of NUS Consulting.

"With the new regime entirely dependent on oil revenues, the momentum to get facilities operational will be overwhelming," energy consultant Cameron Hanover said in a report. "In order for this new democracy to attract enough support, it will need to get oil flowing right away."

If Libyan production returns promptly, analysts expect the price of Brent to fall more than U.S. benchmark West Texas Intermediate because Libyan crude mostly supplied European markets.


"We expect Brent to drop back below $100 in a matter of weeks, if not days, and to $85 by 2012," Capital Economics said.

Oil stocks were front and center Monday, after news that Moammar Gadhafi's regime in Libya was on the brink of toppling.

Libya is among the major oil players and the resumption of the country's oil production is expected to put downward pressure on crude oil prices. Brent crude -- the European benchmark -- is down about 1% but U.S. crude has gained some 2% Monday.


In other Nymex trading for October contracts, heating oil rose 2 cents to $2.93 per gallon and gasoline futures were even at $2.71 per gallon. Natural gas for September delivery added 1 cent to $3.90 per 1,000 cubic feet.

Notice of Layoff "business letter"

business letter: Notice of Layoff is Temporary Layoff, Notice of Layoff, ESA, Employment Standards Act, Employment Standards Information Centre, severance pay, recall rights. Layoff employee rights simply explained including layoff notice, severance pay and final pay. Employee rights under the COBRA and WARN Acts included too. Mass Layoff: A covered employer must give notice if there is to be a mass layoff which does not result from a plant closing, but which will result in an employment


sample

Dear We had been hoping that during this difficult period of reorganization we could keep all of our employees with the company. Unfortunately, this is not the case. It is with regret, therefore, that we must inform you that we will be unable to utilize your services after (date). We have been pleased with the qualities you have exhibited during your tenure of employment with us, and will be sorry to lose you as an employee of the company. Please accept our best wishes for your future.

business letters: Job Applicant Education Verification Cover Letter

business letters form: Job Applicant Education Verification Cover Letter

Dear

Jhon Smith is being considered for employment and has
signed the attached statement authorizing your school to
release the information requested below. Please complete
the form and return it to us in the enclosed envelope.
We sincerely appreciate your cooperation.


sample

Dear Jhon Smith is being considered for employment and has signed the attached statement authorizing your school to release the information requested below. Please complete the form and return it to us in the enclosed envelope. We sincerely appreciate your cooperation.

Verification of Employment, Without Reference

Verification of Employment, Without Reference
Xmas Employee Discount Offer, New Employee Welcome, Verification of Employment, Without Reference, Verification of Employment and Letter of Recommendation, Job Applicant Education, Verification Cover Letter, Notice of Unsatisfactory Performance, Thanksgiving Turkey, Distribution to Employees, Thank You for Your Kind Comments, Termination of Employment, Appointment for Employment Interview and Testing, Notice of Revocation of Authority, Resignation, Acknowledged Resignation, Discreet Letter of Resignation, Letter of Resignation, Job Applicant Employment Verification Form


sample

Dear In response to your request for verification of employment for (name of applicant) , our records indicate that (s)he worked for us from (date) to (date) The position that (name of applicant) held with our firm was (position) This is all of the information I am able to provide to you inasmuch as it is against our company policy to offer comments in regard to a previous employee's quality of work during employment with our firm.

Request to Locate Former Employee, Request for Listing of Employees to Be Tested, Request for Employment Interview, Request for New Employee Insurance Coverage, Request for Employment Reference, Reminder to Employee to Renew Drivers License, Refusal of Request for Letter of Recommendation, Response to Inquiry Concerning Former Employee, Without Reference, Refusal of Employee Request for Early Raise, Decline to Interview Referred Job Applicant, Response to Inquiry Concerning Former Employee, With Reference

Refusal of Offer of Employment, Directed Letter of Recommendation Requesting Reply, Pre-Employment Checklist Form, Pre-Employment Checklist, Acknowledgement of Customer, Praise of Employee, Employee Photo and Recording Release, Offer of Assistance to Family During Employee Illness, Notice to Employees of Bonus Cancellation, Notice to Employee Unqualified for Xmas Bonus, Notice to Employees of New Vacation Policy, Negative Response to Job Application, No Openings, Notice of Layoff, Retirement Party Invitation and Gift (Internal)
Employee Invention Agreement, Explanation of Insurance Rate Increase, Letter of Appreciation to Employee

Final Warning Before Dismissal, Expense Account Statement Form, Expense Account Statement
Employer's Verification on Loan Applicant, Employee Suggestion for Company Meeting, Employment Reimbursement Agreement, Employee Non-Compete Agreement (Specific Radius),Employee Non-Compete Agreement, Employment Letter, Thank You to Applicant for Testing, Employment Agreement, Employment Agreement, Employment Information Form, Notice to Employees of Unsatisfactory Behavior, Confirmation of Acceptance of Employee Suggestion, Congratulations on Employee on 5-Year Anniversary, Complimentary Letter to Employee on Handling of Emergency, Complimentary Letter to Employee on Handling of Difficulty, Waiver of Confidentiality, Confidential Information Agreement, Appointment for Testing, Acceptance of Resignation

Business Letter: New Employee Welcome

Word in New Employee Welcome :

Dear

It is with great pleasure that I welcome you as a new
employee to (name of firm) I am very pleased
that you have chosen to accept our offer of employment
and know that this is the beginning of a mutually
beneficial association.

We encourage our personnel to take advantage of selected
courses that are available in this vicinity, in order to
improve their skills and learn new skills in related
areas. The courses and their corresponding registration
dates are listed on the employee bulletin board for your
review. If you decide to attend one of these courses,
please advise your office manager and he will make the
necessary arrangements.

Once again, welcome to (name of firm)

sample in A4 letter size

Dear It is with great pleasure that I welcome you as a new employee to (name of firm) I am very pleased that you have chosen to accept our offer of employment and know that this is the beginning of a mutually beneficial association. We encourage our personnel to take advantage of selected courses that are available in this vicinity, in order to improve their skills and learn new skills in related areas. The courses and their corresponding registration dates are listed on the employee bulletin board for your review. If you decide to attend one of these courses, please advise your office manager and he will make the necessary arrangements. Once again, welcome to (name of firm)

Business Letter: Employee Photo and Recording Release

Employee Photo and Recording Release: The Company has my authorization to reproduce, or cause to be reproduced and used such photographs and voice recordings. The same may be exhibited in all domestic and foreign markets. I understand that others may use and/or reproduce said photographs and/or recordings with or without the Company's consent


sample

RELEASE In consideration of my employment with the (name of firm) , ("Company") and as part of the services being furnished by me to said Company, I hereby give my consent to the photographing of myself and to the recording of my voice. The Company is hereby authorized to use or cause to be used said still photographs or motion picture footage, recordings of my voice and my name for advertising, publicity, commercial or other business purposes. Said photographs and/or recordings may be used singularly or in conjunction with other photographs and/or recordings. The Company has my authorization to reproduce, or cause to be reproduced and used such photographs and voice recordings. The same may be exhibited in all domestic and foreign markets. I understand that others may use and/or reproduce said photographs and/or recordings with or without the Company's consent. I hereby release the Company, any of its associated or affiliated companies, their directors, officers, agents, employees, customers and the Company's appointed advertising agencies, officers, directors, agents and employees, from all claims of any kind on account of such use. Witness:______________________ ___________________ Date ___________________