Guarantee Facility Agreement Template for Saudi Arabia

1. Security: Required when the facility is secured by additional collateral or assets

2. Counter-Indemnity: Used when there are multiple parties providing back-to-back guarantees

3. Currency Provisions: Included for facilities involving multiple currencies

4. Assignment and Transfer: Required when transfer rights need to be specifically addressed

5. Anti-Money Laundering: Detailed AML provisions when required by regulatory requirements

6. Multiple Guarantor Provisions: Required when there are multiple guarantors

7. Agency Provisions: Included when an agent is appointed to manage the facility

8. Electronic Banking Provisions: Required when electronic banking services are part of the facility

1. Form of Guarantee Request: Template for requesting issuance of guarantees under the facility

2. Form of Guarantee: Standard format for guarantees to be issued under the facility

3. Fee Schedule: Detailed breakdown of all applicable fees and charges

4. Conditions Precedent Documents: List of required documents and conditions to be satisfied

5. Authorized Signatories: List of persons authorized to request guarantees and execute documents

6. Existing Guarantees: Details of any existing guarantees to be brought under the facility

7. Compliance Documents: Required Sharia compliance certificates and approvals

8. Form of Reports: Templates for any required periodic reporting