Conditional Bank Guarantee Template for Austria

1. Reduction Clause: Used when the guarantee amount can be reduced over time or upon certain events

2. Extension Provisions: Include when the guarantee may need to be extended beyond its initial expiry date

3. Counter-Guarantee Provisions: Required when involving a foreign bank as counter-guarantor

4. Language Provisions: Needed for international guarantees to specify the prevailing language version

5. Force Majeure: Include when specific force majeure events need to be addressed

6. Electronic Presentation: Include when allowing for electronic submission of demands

7. URDG 758 Incorporation: Optional incorporation of ICC Uniform Rules for Demand Guarantees

1. Schedule 1 - Form of Demand: Template for submitting a valid demand under the guarantee

2. Schedule 2 - Required Documents: List of documents required to be presented with a demand

3. Schedule 3 - Form of Reduction Notice: Template for notices reducing the guarantee amount (if applicable)

4. Appendix A - Underlying Contract Details: Key details of the underlying transaction being guaranteed

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