Exhibit - Forms Of Performance Guarantees (Page 4 of 4) in pdf

Exhibit - Forms Of Performance Guarantees Page 4

6) This Guarantee shall be in full force and effect from the date hereof or date of commencement of

work under the Agreement, whichever first occurs, and shall remain in operation until __________,

20__ or until the expiration of the warranty and/or guarantee periods in the Agreement, whichever first

occurs. This Guarantee may be extended to such later date as officially requested by the Company

and agreed with the Contractor and may be enforced without first having recourse to any rights under

the Agreement or without taking any steps or proceedings against Contractor.

7) This Guarantee shall be binding on Guarantor and its successors and assigns and shall be

irrevocable.

8) In the event of any Claim or dispute arising out of or relating to this Guarantee, the provisions of the

Agreement with regard to applicable law and conflict resolution shall apply as if fully repeated herein.

An award obtained pursuant to the Agreement by Company against Affiliate shall also be binding on

Guarantor.

AS WITNESS the hand of the duly authorised representative of the Guarantor hereto:

_____________________________________

(Guarantor) [INSERT NAME OF BANK]

Signature: ____________________________

Name: ______________________________

Date: ________________________________

Exhibit – Forms of Performance Guarantees

Page 4 of 4

Exhibit - Forms Of Performance Guarantees Page 4