Common use of Bank Guarantee Clause in Contracts

Bank Guarantee. 16.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and

Bank Guarantee. 16.1 12.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 12.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and

Bank Guarantee. 16.1 15.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 15.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and

Bank Guarantee. ‌ 16.1 This general condition only applies if the applicable box in the particulars of sale is checked. 16.2 In this general condition: (a) “bank guarantee” means an unconditional and irrevocable guarantee or undertaking by a bank in a form satisfactory to the vendor to pay on demand any amount under this contract agreed in writing, and