the UCI may use the funds for projects related to the development of cycling, after consulting the UCI Road Commission. 

(article introduced on 1.01.18). 

2.16.028 Should the claim exceed an amount equivalent to three months of contractual benefits and the conditions for payment be fulfilled, only an instalment amounting to three months of contractual benefits may be paid initially. The acknowledged balance of the debt may be paid from the main guarantee should that guarantee not have been exhausted by the end of its period of validity. Should there be more than one creditor, the balance available under the guarantee shall be shared proportionally amongst them. 

2.16.029 The UCI may call up the bank guarantee if fees, expenses, indemnities, fines and penalties or charges imposed by or in accordance with UCI regulations or related to their application remain unpaid provided that the guarantee has not been used up by the end of its period of validity and, if applicable, after payments pursuant to article 2.16.028 have been made. 

2.16.030 The UCI can despatch notice to a team in case the guarantee is called up. A UCI ProTeam whose guarantee is drawn upon shall be automatically suspended if the guarantee is not made up to its full amount within one month after the UCI’s despatch of notice. 

(text modified on 1.10.09) 

2.16.030 Whenever a competent authority pronounces the opening of liquidation or bankruptcy bis proceedings against a paying agent, the UCI may release the bank guarantee in favour of the liquidation or bankruptcy administration, upon request from the competent authority. 

(article introduced on 1.01.18). 

2.16.031 The creditor must make application to the UCI for the guarantee to be called up by 1 March before its expiry date at the latest. Documentary evidence must be provided with the application. 

In its absence the UCI may disregard the application. 

A creditor may not apply for the guarantee to be called up in respect of a contract unless he shall have submitted a duplicate of his copy to the auditor appointed by the UCI by 1 January of the registration year or, for contracts signed later than 1 December of the year before the registration year, one month from the date of signing. 

However, the right to the guarantee will apply: 

1. for contracts submitted to the auditor appointed by the UCI by others; 

2. subsequently to the extent that the guarantee has not been exhausted on its expiry date. 

