Common use of Other terms of use of the Bank Guarantee Clause in Contracts

Other terms of use of the Bank Guarantee. 3.2.1. The Guarantee Notice shall be issued in writing or electronically (by XXXXX or/and other electronic means (including the email)) on the basis of the Agreement. The text of this Notice shall be agreed upon with the Customer. The Guarantee Notice will describe the Bank Guarantee terms (including the guarantee amount, terms of payment, validity term, venue, form and so on) and is made in 2 (two) copies each having equal legal force wherefrom one copy will be kept by the Bank and the other copy will be handed over to the Customer or the Principal with the purpose of submission to the Beneficiary or will be handed over to the Beneficiary directly. 3.2.2. The Effective Date of the Bank Guarantee depends on the handing over the Guarantee Notice, and the Bank Guarantee cannot be revoked by the Bank unless otherwise provided by the Agreement, Legislation, and/or the Guarantee Notice. 3.2.3. The Beneficiary’s right of claim before the Bank under the Bank Guarantee can be transferred in full or partially by the Beneficiary to a Third Party (hereinafter referred to as a New Beneficiary) only on the basis of the Bank’s prior written consent and the payment of the Commission Fee for transfer of the Bank Guarantee by the Customer, provided that the Agreement and/or the Guarantee Notice stipulate such a right. 3.2.4. Upon the Beneficiary’s request to the Bank to enforce the Bank Guarantee and/or upon the assumption of the Beneficiary’s request, the Bank may block any account of the Customer without acceptance in accordance with the Bank’s rules. 3.2.5. In the event of termination of the Bank’s obligation to the Beneficiary or on case of revocation of the Bank Guarantee, the Bank Guarantee shall be void regardless of whether the Bank has been returned a copy of the Guarantee Notice kept by the Beneficiary or the Customer or the Principal. 3.2.6. Revocation of the Bank Guarantee or refusal to enforce the Bank Guarantee becomes effective on the date of receipt by the Beneficiary of a written notification from the Bank or on the date indicated in the corresponding written notification. 3.2.7. If the Guarantee Notice provides for the possibility of reducing and/or canceling the Bank Guarantee on the basis of the documents submitted by the Customer and/or the Principal, these documents must be submitted to the Bank’s address specified by the Agreement, together with the relevant written request of the Customer indicating the Bank Guarantee Agreement number and the date on which the Customer requests reduction/cancellation. 3.2.8. Regardless of the expiration of the Bank Guarantee term, all obligations of the Customer under the Agreement (including, the obligation to pay the Commission Fee) shall survive until the Bank receives a confirmation that there is no Beneficiary’s request of enforcement of the Bank Guarantee.

Other terms of use of the Bank Guarantee. 3.2.1. The Guarantee Notice shall be issued in writing or electronically (by XXXXX or/and other electronic means (including the email)) on the basis of the Agreement. The text of this Notice shall be agreed upon with the Customer. The Guarantee Notice will describe the Bank Guarantee terms (including the guarantee amount, terms of payment, validity term, venue, form and so on) and is made in 2 (two) copies each having equal legal force wherefrom one copy will be kept by the Bank and the other copy will be handed over to the Customer or the Principal with the purpose of submission to the Beneficiary or will be handed over to the Beneficiary directly. 3.2.2. The Effective Date of the Bank Guarantee depends on the handing over the Guarantee Notice, and the Bank Guarantee cannot be revoked by the Bank unless otherwise provided by the Agreement, Legislation, and/or the Guarantee Notice. 3.2.3. The Beneficiary’s right of claim before the Bank under the Bank Guarantee can be transferred in full or partially by the Beneficiary to a Third Party (hereinafter referred to as a New Beneficiary) only on the basis of the Bank’s prior written consent and the payment of the Commission Fee for transfer of the Bank Guarantee by the Customer, provided that the Agreement and/or the Guarantee Notice stipulate such a right. 3.2.4. Upon the Beneficiary’s request to the Bank to enforce the Bank Guarantee and/or upon the assumption of the Beneficiary’s request, the Bank may block any account of the Customer without acceptance in accordance with the Bank’s rules. 3.2.5. In the event of termination of the Bank’s obligation to the Beneficiary or on case of revocation of the Bank Guarantee, the Bank Guarantee shall be void regardless of whether the Bank has been returned a copy of the Guarantee Notice kept by the Beneficiary or the Customer or the PrincipalCustomer. 3.2.6. Revocation of the Bank Guarantee or refusal to enforce the Bank Guarantee becomes effective on the date of receipt by the Beneficiary of a written notification from the Bank or on the date indicated in the corresponding written notification. 3.2.7. If the Guarantee Notice provides for the possibility of reducing and/or canceling the Bank Guarantee on the basis of the documents submitted by the Customer and/or the PrincipalCustomer, these documents must be submitted to the Bank’s address specified by the Agreement, together with the relevant written request of the Customer indicating the Bank Guarantee Agreement number and the date on which the Customer requests reduction/cancellation. 3.2.8. Regardless of the expiration of the Bank Guarantee term, all obligations of obligationsof the Customer under the Agreement (including, the obligation to pay the Commission Fee) shall survive until the Bank receives a confirmation that there is no Beneficiary’s request of enforcement of the Bank Guarantee.

Other terms of use of the Bank Guarantee. 3.2.1. The Guarantee Notice shall be issued in writing or electronically (by XXXXX or/and other electronic means (including the email)) on the basis of the Agreement. The text of this Notice shall be agreed upon with the Customer. The Guarantee Notice will describe the Bank Guarantee terms (including the guarantee amount, terms of payment, validity term, venue, form and so on) and is made in 2 (two) copies each having equal legal force wherefrom one copy will be kept by the Bank and the other copy will be handed over to the Customer or the Principal with the purpose of submission to the Beneficiary or will be handed over to the Beneficiary directly. 3.2.2. The Effective Date of the Bank Guarantee depends on the handing over the Guarantee Notice, and the Bank Guarantee cannot be revoked by the Bank unless otherwise provided by the Agreement, Legislation, and/or the Guarantee Notice. 3.2.3. The Beneficiary’s right of claim before the Bank under the Bank Guarantee can be transferred in full or partially by the Beneficiary to a Third Party (hereinafter referred to as a New Beneficiary) only on the basis of the Bank’s prior written consent and the payment of the Commission Fee for transfer of the Bank Guarantee by the Customer, provided that the Agreement and/or the Guarantee Notice stipulate such a right. 3.2.4. Upon the Beneficiary’s request to the Bank to enforce the Bank Guarantee and/or upon the assumption of the Beneficiary’s request, the Bank may block any account of the Customer without acceptance in accordance with the Bank’s rules. 3.2.50.0.0. In Xx the event of termination of the Bank’s obligation to the Beneficiary or on case of revocation of the Bank Guarantee, the Bank Guarantee shall be void regardless of whether the Bank has been returned a copy of the Guarantee Notice kept by the Beneficiary or the Customer or the Principal. 3.2.6. Revocation of the Bank Guarantee or refusal to enforce the Bank Guarantee becomes effective on the date of receipt by the Beneficiary of a written notification from the Bank or on the date indicated in the corresponding written notification. 3.2.7. If the Guarantee Notice provides for the possibility of reducing and/or canceling the Bank Guarantee on the basis of the documents submitted by the Customer and/or the Principal, these documents must be submitted to the Bank’s address specified by the Agreement, together with the relevant written request of the Customer indicating the Bank Guarantee Agreement number and the date on which the Customer requests reduction/cancellation. 3.2.8. Regardless of the expiration of the Bank Guarantee term, all obligations of the Customer under the Agreement (including, the obligation to pay the Commission Fee) shall survive until the Bank receives a confirmation that there is no Beneficiary’s request of enforcement of the Bank Guarantee.