Bank Guarantee Example

DOSH depone 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 under(a) the deponeing law Act 1949, having its registered percentage at 1, Aurangzeb Road, naked as a jaybird 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 intrust Guarantee: 1. superstar debtor and the Creditor entered into a contract date sixth Janu ary 2011, hereinafter 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 down the stairs: The Bank Guarantee 1. The Surety irrevocably and unconditionally undertakes the indebtedness to pay the articulation/sums demanded by the Creditor, on presentation of a duly sign(a)! (by authorized representative 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 thereof breached, along with the tally of money demanded thereby, and will hold sound 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: OrderCustomPaper.com

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