FORMAT OF PERFORMANCE SECURITY BANK GUARANTEEPerformance Security Bank Guarantee • February 1st, 2017
This deed of guarantee made this day of between Bank of (hereinafter called the “Bank”) of the one part, and UPRNN (hereinafter called “CLIENT”) of the other part.
Performance Security Bank GuaranteePerformance Security Bank Guarantee • October 25th, 2016
This Letter of Guarantee shall be valid from the date of issue until the date of expiration of the guarantee, as governed by the Contract unless it has been requested by you to extend its Term. Except for the documents herein specified, no other documents or other action shall be required, notwithstanding any applicable law or regulation. Our liability under this Letter of Guarantee shall become null and void immediately upon its expiry, whether it is returned or not, and no claim may be made under this Letter after such expiry or after the aggregate of the sums paid by us to you shall equal the sums guaranteed under this Letter, whichever is the earlier. All notices to be given under this Letter shall be given by registered (airmail) post to the addressee at the address herein set out or as otherwise advised by and between the parties hereto.
