Standby Guarantee Template for Belgium

1. Reduction Clause: Optional section specifying if and how the guarantee amount may be reduced over time - included when the guarantee amount is designed to decrease according to specific milestones

2. Counter-Indemnity: Used when there's a separate counter-indemnity agreement with the Principal - references the Principal's obligation to indemnify the Guarantor

3. Multiple Beneficiaries: Required when there is more than one beneficiary - specifies how multiple beneficiaries can make demands and receive payments

4. Electronic Presentation: Include when parties agree to accept electronic demands and communications - specifies the procedures and requirements for electronic presentations

5. Special Conditions: Used when there are specific conditions or requirements unique to the transaction that don't fit in other sections

6. Language Clause: Required when the guarantee might be translated - specifies which language version prevails

1. Form of Demand: Template for making a valid demand under the guarantee

2. Authorized Signatories: List of persons authorized to make demands on behalf of the Beneficiary

3. Form of Reduction Certificate: Template for documenting agreed reductions in the guarantee amount (if applicable)

4. Underlying Contract Reference: Key details or extract from the underlying contract that the guarantee supports