Conditional Bank Guarantee Template for United Arab Emirates

1. Counter-Indemnity Reference: Reference to any counter-indemnity provided by the applicant to the bank, used when there's a specific counter-guarantee arrangement

2. Language Provision: Clause specifying which language version prevails in case of bilingual guarantees, used when the guarantee is issued in multiple languages

3. Assignment Clause: Provisions regarding whether the guarantee can be assigned, included when assignment might be relevant to the transaction

4. Reduction Clause: Provisions for automatic reduction of the guarantee amount over time, used in long-term projects or staged contracts

5. Force Majeure: Provisions dealing with extraordinary events, included when required by the underlying transaction or local circumstances

1. Form of Demand: Template for making a valid demand under the guarantee

2. Required Documents: List of documents that must accompany any demand under the guarantee

3. Authorized Signatories: List of persons authorized to make demands under the guarantee

4. Payment Instructions: Banking details for payment under the guarantee