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The Revolving Bank Guarantee is a specialized financial instrument commonly used in the United Arab Emirates for ongoing commercial relationships where continuous security is required. It is particularly relevant for recurring business transactions, long-term contracts, and situations where multiple separate guarantees would otherwise be needed. The document is structured in accordance with UAE Federal Law No. 18 of 1993 and UAE Central Bank regulations, containing specific provisions for automatic reinstatement of the guarantee amount after each claim. This type of guarantee is frequently used in government contracts, large-scale construction projects, and international trade, where it provides a more efficient alternative to multiple stand-alone guarantees. The document includes detailed mechanisms for claims, reinstatement procedures, fee structures, and compliance with UAE banking regulations.

1. Parties: Identification of the Bank (Guarantor), the Applicant (Principal), and the Beneficiary

2. Background: Context of the guarantee, including the underlying commercial relationship and purpose of the guarantee

3. Definitions: Key terms used throughout the guarantee document, including 'Guarantee Amount', 'Revolving Period', 'Renewal Terms', etc.

4. Guarantee Terms: Core terms including guarantee amount, validity period, and revolving nature of the guarantee

5. Revolving Mechanism: Specific provisions detailing how the guarantee amount reinstates after each claim

6. Claims Procedure: Process for making claims under the guarantee, including required documentation and timeframes

7. Bank's Obligations: Scope and extent of the bank's obligations under the guarantee

8. Fees and Charges: Details of all applicable fees, commission, and charges

9. Termination: Circumstances and procedures for termination of the guarantee

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes