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 subject to acceptance by the Authority. The value of the guarantee shall be £75,000 (Seventy Thousand pounds), but this value shall be subject to regular review. If for any reason during the period of Contract the Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority.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 in the form shown at Annex A, from a bank that shall be subject to acceptance by the Authority. The value of the guarantee shall be £75,000 750,000 (Seventy Seven Hundred and Fifty Thousand pounds), but this value shall be subject to regular review. If for any reason during the period of Contract the Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority.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 subject to acceptance approved by the Authority. The value of the guarantee shall be £75,000 50,000 (Seventy Fifty Thousand pounds), but this value shall be subject to regular reviewreview by the Authority. If for any reason during the period of Contract contract the Guarantee guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority.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 in the form shown at Annex A, from a bank that shall be subject to acceptance by the Authority. The value of the guarantee shall be £75,000 25,000 (Seventy Twenty Five Thousand pounds), but this value shall be subject to regular review. If for any reason during the period of Contract the Guarantee is withdrawn or changed in any way, the Contractor shall immediately notify the Authority.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 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.

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 subject to acceptance by the Authority. The value of the guarantee shall be £75,000 200,000 (Seventy Two Hundred Thousand pounds), but this value shall be subject to regular review. 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 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 in the form shown at Annex A, from a bank that shall be subject to acceptance by the Authority. The value of the guarantee shall be £75,000 30,000 (Seventy Thirty Thousand pounds), but this value shall be subject to regular review. 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 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 in the form shown at Annex A, from a bank that shall be subject acceptable to acceptance by the Authority. The value of the guarantee shall be £75,000 30,000 (Seventy Thirty Thousand pounds), but this value shall be subject to regular review. 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 Products declared to the Contractor, should an acceptable Guarantee not be held by the Contractor.