Cash Backed Bank Guarantee Template for United Arab Emirates

1. Automatic Renewal Clause: Used when the guarantee may need to be automatically extended beyond the initial expiry date

2. Step-down Provisions: Include when the guarantee amount needs to reduce over time according to a predetermined schedule

3. Multiple Currency Provisions: Required when the guarantee might be called in a different currency from the cash deposit

4. Assignment Restrictions: Include when specific restrictions on assignment of the guarantee are required

5. Force Majeure: Optional clause dealing with events beyond parties' control, particularly relevant for longer-term guarantees

6. Partial Drawings: Include when multiple partial demands are to be permitted under the guarantee

1. Form of Demand: Standard format for making a demand under the guarantee

2. Cash Deposit Agreement: Terms governing the cash deposit providing backing for the guarantee

3. Fee Schedule: Details of bank's fees and charges for issuing and maintaining the guarantee

4. Authentication Procedures: Specified format and requirements for authenticating demands and communications

5. Step-down Schedule: If applicable, schedule showing reduction of guarantee amount over time