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Bank Guarantee For Rent
"I need a Bank Guarantee For Rent document for a high-street retail tenant in Dublin, with AIB Bank as guarantor, covering a guarantee amount of €75,000 for a 10-year commercial lease starting March 1, 2025, with quarterly rent reviews."
1. Parties: Identifies the three key parties: the Bank (Guarantor), the Tenant (Principal), and the Landlord (Beneficiary)
2. Background: Describes the underlying rental agreement and the context for the guarantee
3. Definitions: Defines key terms used throughout the guarantee document
4. Guarantee Amount: Specifies the exact amount of the guarantee and any conditions related to the amount
5. Duration of Guarantee: Specifies the commencement date and expiry conditions of the guarantee
6. Bank's Obligations: Details the specific obligations of the bank under the guarantee
7. Conditions for Calling the Guarantee: Specifies the circumstances and process under which the landlord can call on the guarantee
8. Payment Terms: Details how and when payment will be made if the guarantee is called
9. Notices: Specifies how formal communications between parties should be made
10. Governing Law and Jurisdiction: Confirms Irish law as governing law and specifies jurisdiction for disputes
1. Multiple Tenants: Required when there are multiple tenants sharing the property, defining joint and several liability
2. Step-In Rights: For commercial properties, defines conditions under which other parties may assume the tenant's rights
3. Assignment and Transfer: Required when transfer of rights under the guarantee might be permitted
4. Counter-Indemnity: Details the tenant's obligation to indemnify the bank, if not covered in a separate document
5. Special Conditions: Any property-specific or tenant-specific conditions affecting the guarantee
6. Bank's Right of Recourse: Detailed terms of the bank's right to recover payments from the tenant, if not in a separate document
1. Schedule 1 - Property Details: Detailed description of the rental property covered by the guarantee
2. Schedule 2 - Rental Agreement Details: Key details from the underlying rental agreement including rent amount and term
3. Schedule 3 - Form of Demand: Template for the landlord to make a formal demand under the guarantee
4. Schedule 4 - Bank's Standard Terms: Standard terms and conditions of the bank applicable to guarantees
5. Appendix A - Required Documents: List of documents required for making a claim under the guarantee
Authors
Guaranteed Amount
Bank
Beneficiary
Principal
Property
Lease Agreement
Commencement Date
Expiry Date
Term
Business Day
Demand
Valid Demand
Payment Date
Rental Payment
Security Period
Default Event
Notice
Guarantee Claim
Working Hours
Irish Law
Relevant Jurisdiction
Premises
Landlord
Tenant
Rent
Additional Rent
Service Charges
Banking Hours
Maximum Liability
Permitted Use
Related Rights
Security Interest
Enforcement Event
Material Adverse Change
Counter-Indemnity
Lease Term
Guarantee Fee
Bank's Standard Terms
Authorized Representative
Guarantee
Duration
Payment Obligations
Demand Process
Default Events
Enforcement
Representations and Warranties
Bank's Rights and Obligations
Landlord's Rights and Obligations
Tenant's Obligations
Notice Requirements
Assignment and Transfer
Amendments and Variations
Counter-Indemnity
Set-Off Rights
Force Majeure
Severability
Waiver
Entire Agreement
Costs and Expenses
Confidentiality
Data Protection
Anti-Money Laundering
Compliance with Laws
Dispute Resolution
Governing Law and Jurisdiction
Banking and Financial Services
Real Estate
Commercial Property
Residential Property
Retail
Hospitality
Office Space
Industrial and Warehousing
Legal
Real Estate
Property Management
Banking Operations
Credit Risk
Compliance
Treasury
Corporate Services
Facilities Management
Finance
Real Estate Manager
Property Manager
Commercial Lease Manager
Banking Relationship Manager
Credit Risk Officer
Legal Counsel
Compliance Officer
Treasury Manager
Commercial Property Agent
Facilities Manager
Chief Financial Officer
Commercial Director
Risk Manager
Company Secretary
Corporate Services Manager
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