Bank Guarantee Example

DOSH rim LTD. (incorporated in INDIA) BANK GUARANTEE SR NO: 233578 BG NO: 1614-75869 ISSUE DATE: 24TH JANUARY 2011 PERFORMANCE BANK GUARANTEE This trust tackle executed today, 24th January 2011, by Dosh chamfer Ltd., a banking corporation established low the brinking economy Act 1949, having its registered percentage at 1, Aurangzeb Road, pertly Delhi-1, which will hereinafter be referred to as the security measures, is in advance of Ministry of New and Renewable nix (MNRE), having its registered office at 1, Raisina Hills, New Delhi-1, hereinafter referred to as the Creditor, at the request of Khandelwal Shipping Corporation (KSC), hereinafter referred to as the sensation debitor, which is a company established under the commissariat of the Companies Act, 1956, having its registered office at 1, Janpath, New Delhi-1. The Case/Backgrounder for swear Guarantee: 1. maven debitor and the Creditor entered into a contract go out sixth January 2011, hereina fter referred to as the Agreement. 2. Principal debitor is involve to furnish a Bank Guarantee in favor of the Creditor as per the Terms set forth and punctually real by both the parties, in the Agreement. 3.

Principal Debtor approached the Surety, on the 8th of January 2011, for issuing the required Bank Guarantee, in favor of the Creditor, and the Surety (Dosh Bank Ltd) has agreed to do so subject to the terms and conditions as detailed under: The Bank Guarantee 1. The Surety irrevocably and unconditionally undertakes the liability to pay the articulation/sums demanded by the Creditor, on presenta tion of a duly sign(a) (by authorized repre! sentative of the Creditor) demand letter from the Creditor, stating that the Principal Debtor has materially breached the terms and conditions of the Agreement, mentioning the exact terms and conditions therefrom breached, along with the essence of money demanded thereby, and will hold well-grounded plainly so long as the total amount doesnt exceed the limit of Rs...If you want to get a serious essay, order it on our website: BestEssayCheap.com

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