Greer v Kettle By a deed of guarantee for the repayment of a loan of £250,000 and interest, which recited that the lenders had, at the request of the guarantors, advanced to the borrowers £250,000, upon security of a charge on certain shares, the guarantors covenanted, in the event of the borrowers failing to make the repayments provided for, forthwith to repay to the lenders the said sum of £250,000, with interest at the rate of 8 per cent per annum.