Common use of Guarantee Notice Clause in Contracts

Guarantee Notice. a document issued on the basis of the Agreement specifying the terms of the Bank Guarantee for the Beneficiary and issued in accordance with Subsection 3.2.1 of the Annex N1 to the Bank Guarantee Agreement. However, the Bank is authorized to unilaterally, without the agreement with the Customer and/or the Principal, correct the text of the Guarantee Notice, unless this changes the basic terms and conditions of the Bank Guarantee. In the Guarantee Notice the term Customer/Principal may be replaced with the term Principal/Customer or other term.

Guarantee Notice. a document issued on the basis of the Agreement specifying the terms of the Bank Guarantee for the Beneficiary and issued in accordance with Subsection 3.2.1 of the Annex N1 to the Bank Guarantee Agreement. .. However, the Bank is authorized to unilaterally, without the agreement with the Customer and/or the PrincipalCustomer, correct the text of the Guarantee Notice, unless this changes the basic terms and conditions of the Bank Guarantee. In the Guarantee Notice the term Customer/Principal Customer may be replaced with the term Principal/Customer Principal or other term.