Bank Guarantee Irrevocable Template for Austria

1. Reduction Clause: Optional clause specifying conditions for automatic reduction of guarantee amount, used for performance or warranty guarantees

2. Transfer Provisions: Section specifying whether the guarantee is transferable, included when transferability is requested

3. Counter-Guarantee Reference: Reference to any counter-guarantee arrangements, included in international transactions

4. URDG 758 Application: Declaration of application of ICC Uniform Rules for Demand Guarantees, included when parties agree to apply international standards

5. Language Provision: Specification of controlling language version, included when guarantee is issued in multiple languages

6. Electronic Presentation: Terms for electronic presentation of documents, included when electronic submissions are accepted

1. Appendix A - Form of Demand: Template for making a compliant demand under the guarantee

2. Appendix B - Required Documents: List of documents required to be presented with any demand

3. Appendix C - Authorized Signatories: List of persons authorized to make demands under the guarantee

4. Appendix D - Underlying Contract Extract: Relevant extracts from the underlying contract being guaranteed (if applicable)