Common use of Bank Guarantee Clause in Contracts

Bank Guarantee. The Contractor shall hold a valid irrevocable bank guarantee for the contract in the form shown at Annex A, from a bank that shall be approved by the Authority. The value of the guarantee shall be £50,000 (Fifty Thousand pounds), but this value shall be subject to regular review by the Authority. If for any reason during the period of contract the guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority. No sales shall be made under the contract, nor any Residual Assets declared to the Contractor, should an acceptable Guarantee not be held by the Contractor.

Bank Guarantee. The Contractor shall hold a valid irrevocable bank guarantee for the contract Contract in the form shown at Annex A, from a bank that shall be approved subject to acceptance by the Authority. The value of the guarantee shall be £50,000 750,000 (Seven Hundred and Fifty Thousand pounds), but this value shall be subject to regular review by the Authorityreview. If for any reason during the period of contract Contract the guarantee Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority. No sales shall be made under the contractContract, nor any Residual Assets residual assets declared to the Contractor, should an acceptable Guarantee not be held by the Contractor.

Bank Guarantee. The Contractor shall hold a valid irrevocable bank guarantee for the contract Contract in the form shown at Annex A, from a bank that shall be approved subject to acceptance by the Authority. The value of the guarantee shall be £50,000 75,000 (Fifty Seventy Thousand pounds), but this value shall be subject to regular review by the Authorityreview. If for any reason during the period of contract Contract the guarantee Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority. No sales shall be made under the contractContract, nor any Residual Assets residual assets declared to the Contractor, should an acceptable Guarantee not be held by the Contractor.

Bank Guarantee. The Contractor shall hold a valid irrevocable bank guarantee for the contract Contract in the form shown at Annex A, from a bank that shall be approved subject to acceptance by the Authority. The value of the guarantee shall be £50,000 200,000 (Fifty Two Hundred Thousand pounds), but this value shall be subject to regular review by the Authorityreview. If for any reason during the period of contract Contract the guarantee Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority. No sales shall be made under the contractContract, nor any Residual Assets scrap declared to the Contractor, should an acceptable Guarantee not be held by the Contractor.

Bank Guarantee. The Contractor shall hold a valid irrevocable bank guarantee for the contract Contract in the form shown at Annex A, from a bank that shall be approved by acceptable to the Authority. The value of the guarantee shall be £50,000 30,000 (Fifty Thirty Thousand pounds), but this value shall be subject to regular review by the Authorityreview. If for any reason during the period of contract Contract the guarantee Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority. No sales shall be made under the contractContract, nor any Residual Assets Products declared to the Contractor, should an acceptable Guarantee not be held by the Contractor.

Bank Guarantee. The Contractor shall hold a valid irrevocable bank guarantee for the contract Contract in the form shown at Annex A, from a bank that shall be approved subject to acceptance by the Authority. The value of the guarantee shall be £50,000 30,000 (Fifty Thirty Thousand pounds), but this value shall be subject to regular review by the Authorityreview. If for any reason during the period of contract Contract the guarantee Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority. No sales shall be made under the contractContract, nor any Residual Assets declared to the Contractor, should an acceptable Guarantee not be held by the Contractor.

Bank Guarantee. The Contractor shall hold a valid irrevocable bank guarantee for the contract Contract in the form shown at Annex A, from a bank that shall be approved subject to acceptance by the Authority. The value of the guarantee shall be £50,000 25,000 (Fifty Twenty Five Thousand pounds), but this value shall be subject to regular review by the Authorityreview. If for any reason during the period of contract Contract the guarantee Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority. No sales assets shall be made under the contract, nor any Residual Assets declared to the Contractor, Contractor should an acceptable Guarantee not be held by the Contractor.