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Bank Guarantee Transferable
"I need a Bank Guarantee Transferable under Austrian law for EUR 2.5 million to secure an international construction project, with the ability to transfer to subcontractors and an expiry date of June 30, 2025."
1. Parties: Identification of the Guarantor Bank, the Principal (Applicant), and the initial Beneficiary
2. Background: Context of the guarantee, including the underlying transaction or relationship
3. Definitions: Key terms used in the guarantee, including specific banking and legal terminology
4. Guarantee Amount and Currency: Specification of the maximum guarantee amount and currency
5. Effective Date and Validity: Terms of when the guarantee becomes effective and its expiry date
6. Transfer Provisions: Detailed mechanisms and conditions for transferring the guarantee to new beneficiaries
7. Demand Requirements: Formal requirements for making a demand under the guarantee
8. Payment Terms: Conditions and timing of payment upon valid demand
9. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction details
10. Notices: Communication procedures and contact details for all parties
1. Counter-Guarantee Provisions: Required when there is a counter-guarantee arrangement with another bank
2. Multiple Beneficiary Provisions: Needed when the guarantee may be transferred to multiple beneficiaries simultaneously
3. Partial Transfer Provisions: Include when partial transfers of the guarantee amount are permitted
4. Special Conditions: Any specific conditions required by the parties or the underlying transaction
5. Force Majeure: Specific provisions for extraordinary circumstances affecting the guarantee
6. Electronic Presentation: Terms for electronic submission of transfer requests or demands
7. Anti-Money Laundering Provisions: Additional compliance requirements for transfers and payments
1. Schedule 1 - Form of Transfer Request: Standard format for requesting transfer of the guarantee
2. Schedule 2 - Form of Demand: Template for making a demand under the guarantee
3. Schedule 3 - Required Transfer Documentation: List of documents required for executing a transfer
4. Schedule 4 - Authorized Signatories: List of persons authorized to execute transfers or make demands
5. Appendix A - Underlying Contract Reference: Details of the underlying contract or transaction
6. Appendix B - Fee Schedule: Schedule of fees applicable to transfers and demands
Authors
Guarantor
Principal
Initial Beneficiary
Subsequent Beneficiary
Transfer
Transfer Request
Guarantee Amount
Expiry Date
Banking Day
Demand
Complying Presentation
Counter-Guarantee
Effective Date
Force Majeure Event
Governing Law
ICC Uniform Rules
Maximum Guarantee Amount
Notice of Transfer
Partial Transfer
Payment Obligation
Presentation
Supporting Documents
Transfer Date
Transfer Fee
Transfer Period
Transferee
Transferor
Underlying Transaction
Valid Demand
Guarantee Amount
Duration and Validity
Transfer Rights
Payment Obligations
Demand Requirements
Transfer Mechanism
Documentary Requirements
Fees and Charges
Governing Law
Jurisdiction
Force Majeure
Notices
Assignment
Amendments
Partial Invalidity
Counter-Guarantee
Compliance
Anti-Money Laundering
Dispute Resolution
Representations and Warranties
Language
Electronic Communications
Termination
Stamp Duty and Taxes
Multiple Beneficiaries
Reduction Provisions
Authentication
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Utilities
Real Estate
Telecommunications
Shipping and Logistics
Import/Export
Defense and Government Contracts
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
Commercial Operations
Project Finance
International Business
Credit Management
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Finance Director
Commercial Director
Legal Counsel
Banking Relationship Manager
Risk Manager
Contract Manager
Project Finance Manager
International Trade Manager
Compliance Officer
Credit Manager
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