2.13.124 The UCI may call up the bank guarantee in the event of non-payment of fees, expenses, indemnities, fines and penalties or sentences imposed by or in virtue of the UCI regulations or related to their application, provided that the guarantee is not exhausted at the end of its period of validity, where applicable after application of article 2.13.123. 

2.13.125 In the event of payment to a creditor or to the UCI from funds obtained from the bank guarantee, the UCI Women’s WorldTeam shall automatically be suspended if the guarantee is not fully reconstituted within one month of the request from the UCI to do so. 

In the event of persistent default, the UCI may refer the case to the licence commission in accordance with article 2.13.066. 

The part of the blocked funds which, under the agreement reached between the parties or according to the final judicial or arbitral decision, does not accrue to the creditor, will be released in favour of the paying agent after having deducted the sums due to the UCI according to article 2.13.119 and, where applicable, article 2.13.124 and solely after full reconstitution of the bank guarantee. 

2.13.126 When a competent authority pronounces the opening of liquidation or bankruptcy 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. 

2.13.127 (To be issued by swift: UBSWCHZH12A – by swift MT760) 

## Bank guarantee model 

Guarantee type: Performance bond 

Guarantor: [ INSERT NAME & ADDRESS OF THE PAYING AGENT BANK ] ("GUARANTOR") 

Applicant: [ INSERT NAME & ADDRESS OF THE PAYING AGENT ] ("APPLICANT") 

Beneficiary: UNION CYCLISTE INTERNATIONALE, ALLÉE FERDI KÜBLER 12, 1860 AIGLE, SWITZERLAND ("BENEFICIARY") 

Underlying relationship: The APPLICANT's obligation in respect of the cycling regulations of the UNION CYCLISTE INTERNATIONALE for the purpose of guaranteeing, within the limits set in those regulations, the payment of sums due by the UCI Women’s WorldTeam [ INSERT NAME OF THE TEAM ] (paying agent: [ INSERT NAME OF THE PAYING AGENT ]) to riders and other creditors covered by said regulations as well as the payment of fees, expenses, indemnities, fines and sanctions or sentences imposed by or in virtue of the regulations of the UCI or related to their application. 

Guarantee amount and currency: [ INSERT AMOUNT & CURRENCY ] (in words: [ INSERT AMOUNT & CURRENCY ]) ("GUARANTEE AMOUNT") 

Form of Presentation ("FORM OF PRESENTATION"): Paper form or transmitted in full by authenticated swift through one of the GUARANTOR's correspondent banks. 

For the purpose of identification, the BENEFICIARY's demand and supporting statement must bear or be accompanied by a signed confirmation of one of the GUARANTOR's 

