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1. Parties: Identification of the Guarantor Bank, the Applicant (Principal), and the Beneficiary
2. Background: Context of the guarantee, underlying business relationship, and purpose of the revolving facility
3. Definitions: Key terms including Guarantee Amount, Validity Period, Revolving Mechanism, Trigger Events, and other technical banking terms
4. Guarantee Amount and Currency: Specification of the maximum guarantee amount, currency, and calculation methods
5. Revolving Nature and Mechanism: Details of how the guarantee revolves, reinstatement conditions, and cycle periods
6. Conditions Precedent: Prerequisites for the guarantee becoming effective and conditions for revolving facility activation
7. Demand Requirements: Formal requirements for making a valid demand under the guarantee
8. Payment Terms: Timeline and process for payment upon valid demand, including currency and method
9. Bank's Rights and Obligations: Scope of bank's commitments, examination rights, and compliance requirements
10. Fees and Charges: All applicable fees, commissions, and charges for maintaining and utilizing the guarantee
11. Term and Expiry: Duration of the guarantee, expiry conditions, and notice requirements
12. Governing Law and Jurisdiction: Swiss law as governing law and jurisdiction specifications
1. Counter-Indemnity: Terms of indemnification by the Applicant to the Bank, used when additional security is required
2. Multiple Beneficiaries: Additional provisions for cases with more than one beneficiary
3. Assignment Provisions: Terms governing if and how the guarantee rights can be assigned, included when assignment might be needed
4. Foreign Law Interface: Provisions dealing with cross-border aspects, needed for international transactions
5. Electronic Presentation: Procedures for electronic demand presentation, included when digital processing is agreed
6. Force Majeure: Extended force majeure provisions, included for high-value or complex guarantees
7. Language: Provisions regarding official language and translations, needed for international use
8. Anti-Money Laundering Compliance: Detailed AML provisions, included for high-risk transactions or parties
1. Schedule 1 - Form of Demand: Template for making a valid demand under the guarantee
2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates
3. Schedule 3 - Revolving Calculation Examples: Examples illustrating how the revolving mechanism works
4. Schedule 4 - Required Documents: List of documents required for demand verification
5. Schedule 5 - Communication Procedures: Protocols for communications between parties
6. Appendix A - Specimen Signatures: Authorized signatures for all parties
7. Appendix B - Bank's Standard Terms: Standard terms and conditions of the issuing bank
8. Appendix C - Compliance Documentation: Required regulatory and compliance documentation
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