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1. Parties: Identifies the three key parties: the Government (Guarantor), the Bank (Beneficiary), and the Account Holder
2. Background: Explains the context and purpose of the guarantee, including reference to the underlying bank account and reason for government support
3. Definitions: Defines key terms used throughout the guarantee document
4. Guarantee Amount and Scope: Specifies the maximum guaranteed amount and the exact scope of the government's guarantee
5. Duration and Validity: States the commencement date and duration of the guarantee, including any renewal provisions
6. Government Authority: Details the legal basis and authority under which the government provides the guarantee
7. Conditions Precedent: Lists conditions that must be satisfied before the guarantee becomes effective
8. Demand Procedure: Specifies the process and requirements for making a demand under the guarantee
9. Payment Terms: Details the timeline and method for payment upon valid demand
10. Representations and Warranties: Standard declarations by all parties regarding their capacity and authority
11. Events of Default: Specifies circumstances under which the guarantee can be called upon
12. Governing Law and Jurisdiction: Confirms Indian law as governing law and specifies jurisdiction for disputes
1. Step-In Rights: Optional section for cases where government requires right to take control of the account in specific circumstances
2. Counter-Indemnity: Include when the account holder is required to indemnify the government against losses
3. Security Provisions: Required when additional security is provided against the guarantee
4. Foreign Currency Provisions: Include for accounts involving foreign currency transactions
5. Multiple Account Provisions: Include when guarantee covers multiple linked accounts
6. Assignment and Transfer: Include when transfer of guarantee rights needs to be specifically addressed
1. Schedule 1 - Account Details: Detailed information about the guaranteed bank account(s), including account numbers and type
2. Schedule 2 - Form of Demand: Template for making a formal demand under the guarantee
3. Schedule 3 - Authorized Signatories: List of authorized signatories for each party with specimen signatures
4. Schedule 4 - Government Approval Documents: Copies of relevant government approvals and authorizations
5. Schedule 5 - Conditions Precedent Documents: List and copies of all required conditions precedent documents
6. Appendix A - Operating Procedures: Detailed procedures for operating the guaranteed account
7. Appendix B - Reporting Requirements: Format and frequency of required reports from the account holder to the government
Banking & Financial Services
Public Sector
Infrastructure
Government & Public Services
Energy
Defense
Healthcare
Education
Transportation
Utilities
Legal
Finance
Treasury
Government Relations
Compliance
Risk Management
Banking Operations
Project Finance
Public Sector Relations
Corporate Affairs
Chief Financial Officer
Treasury Manager
Financial Controller
Government Relations Director
Legal Counsel
Compliance Officer
Public Sector Relationship Manager
Risk Manager
Company Secretary
Banking Operations Director
Project Finance Manager
Public Finance Officer
Government Treasury Officer
Bank Branch Manager
Account Relationship Manager
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