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Standby Bank Guarantee
"I need a Standby Bank Guarantee under German law for EUR 2.5 million to secure a construction project in Berlin, with Deutsche Bank as guarantor and valid until March 15, 2025, including specific provisions for partial releases based on construction milestones."
1. 1. Parties: Identification of the Guarantor Bank, the Beneficiary, and the Principal/Applicant
2. 2. Background: Context of the underlying transaction and purpose of the guarantee
3. 3. Definitions: Key terms used in the guarantee, including specific banking and legal terminology
4. 4. Guarantee Amount and Currency: Specification of the maximum guaranteed amount and currency
5. 5. Effectiveness and Duration: Terms regarding when the guarantee becomes effective and its expiry date
6. 6. Demand Requirements: Formal requirements for making a valid demand under the guarantee
7. 7. Payment Terms: Conditions and timeframe for payment upon receipt of a valid demand
8. 8. Reduction Provisions: Terms for any automatic or circumstantial reduction of the guarantee amount
9. 9. Assignment and Transfer: Provisions regarding transferability of the guarantee
10. 10. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction details
11. 11. Notices: Communication requirements and contact details for all parties
1. Force Majeure: Optional section addressing extraordinary circumstances affecting the guarantee, used when specifically requested or in high-value transactions
2. Language Provisions: Required only for international guarantees where multiple languages may be used
3. Electronic Presentation: Include when parties agree to accept electronic demands and communications
4. Counter-Guarantee Provisions: Required only when the guarantee is issued under a counter-guarantee structure
5. Stamp Duty/Tax Provisions: Include when the guarantee may be subject to specific tax requirements or stamp duties
6. Anti-Money Laundering Compliance: Additional compliance provisions for high-risk or international transactions
1. Schedule 1 - Form of Demand: Template for making a valid demand under the guarantee
2. Schedule 2 - Form of Reduction Certificate: Template for documenting reduction of guarantee amount if applicable
3. Schedule 3 - Underlying Contract Details: Summary or extract of the relevant underlying contract details
4. Appendix A - Required Documents: List of documents required to be presented with any demand
5. Appendix B - Authorized Signatories: List of persons authorized to make demands under the guarantee
Authors
Applicable Law
Banking Day
Beneficiary
Counter-Guarantee
Demand
Effective Date
Electronic Presentation
Expiry Date
Guarantee Amount
Guarantee Period
Guarantor Bank
ICC URDG 758
Maximum Liability Amount
Notice
Original Guarantee
Payment Obligation
Permitted Transfer
Principal
Reduction Certificate
Supporting Documents
Underlying Contract
Valid Demand
Business Day
Force Majeure Event
Governing Law
Insolvency Event
Interest Rate
KWG
Material Adverse Change
Presentation
Relevant Jurisdiction
Security Interest
Taxes
Working Hours
Guarantee Amount
Duration and Validity
Payment Obligations
Demand Requirements
Reduction and Release
Assignment and Transfer
Representations and Warranties
Compliance
Communications
Force Majeure
Governing Law
Jurisdiction
Amendments
Severability
Counterparts
Notices
Electronic Communications
Anti-Money Laundering
Sanctions Compliance
Document Requirements
Payment Terms
Currency Provisions
Bank's Rights and Obligations
Beneficiary's Rights
Principal's Obligations
Termination
Language
Time Limits
Dispute Resolution
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Utilities
Telecommunications
Real Estate Development
Shipping and Logistics
Defense Contracting
Industrial Equipment
Legal
Trade Finance
Corporate Banking
Risk Management
Treasury
Compliance
International Banking
Credit Administration
Operations
Documentary Credits
Corporate Finance
Trade Finance Manager
Legal Counsel
Corporate Banking Officer
Credit Risk Manager
International Business Manager
Treasury Manager
Compliance Officer
Contract Manager
Finance Director
Commercial Director
Risk Management Officer
Documentary Credits Specialist
Banking Operations Manager
Corporate Finance Manager
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