Bank Guarantee Example

DOSH wedge 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 downstairs the sticking regulating Act 1949, having its registered percentage at 1, Aurangzeb Road, new-sprung(prenominal) Delhi-1, which will hereunder 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, hereafter 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 money box Guarantee: 1. maven debitor and the Creditor entered into a contract date sixt h January 2011, hereinafter referred to as the Agreement. 2. Principal debtor is involve to furnish a Bank Guarantee in favor of the Creditor as per the Terms set forth and duly 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 downstairs: The Bank Guarantee 1. The Surety irrevocably and unconditionally undertakes the obligation 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 hence breached, along with the tot up of money demanded thereby, and will hold logical 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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