BANK GUARANTEE. The executor of the contract is obliged to constitute a definitive guarantee in accordance with the provisions of art. 103 of D. LGs. 50/2016, by deposit or bank guarantee or insurance policy. The amount of the guarantee is reduced in its amount in all conditions foreseen by art. 93, paragraph 7, of D. LGs. 50/2016. The Guarantor Act must expressly provide for the waiver of the benefit of the prior expropriation from the principal debtor; the waiver of the exception of art. 1957, paragraph 2, of the Civil Code, as well as the operability of the guarantee itself within 15 days, from a simple written request from INFN. The security shall be paid to ensure the fulfillment of all the obligations of the contract and of the compensation for damages arising from the eventual failure of the bonds, as well as to guarantee the reimbursement of the sums paid in addition to the executor in relation to the results of the final settlement, however, given the compensation of the greatest damage to the contractor and ceases to have effect only on the date of issue of the provisional test certificate or the certificate of regular execution. The Company undertakes to keep the guarantee valid and effective for the duration of the contract and to reinstate it where the INFN is availed, within 10 (ten) days of the request. In case of non-reinstatement, the contract is resolved, except for damages compensation.
BANK GUARANTEE. (not required under 20,000 €):