upon at the latest as of 1$^{st}$ April of the registration year, including for the sums due in January, February and March. 

(text modified on 20.10.05; 18.06.07; 3.06.16; 12.01.17). 

## Calling up the guarantee 

2.15.102 The creditor must introduce his application to the UCI for the guarantee to be called up by 1 March of the year following the date on which his claim falls due. Documentary evidence must be provided with the application. 

Failing this the UCI is not obliged to call up the guarantee. 

(text modified on 18.06.07). 

2.15.103 The UCI will call up the bank guarantee in favour of the creditor mentioned in article 2.15.095 unless the claim is manifestly unfounded. The UCI WorldTeam will be informed of the creditor's request and of the call on the guarantee. 

(text modified on 1.01.15). 

2.15.104 For any call on the bank guarantee, the UCI shall draw, in addition to the amount claimed by the creditor, the sum of CHF 500 as costs. This sum is drawn for each creditor claiming the bank guarantee, until a maximum of CHF 15,000 per bank guarantee. In case of payment by the UCI of a seized amount from a bank guarantee, all bank fees are exclusively at the expense of the beneficiary. 

(text modified on 1.07.09). 

2.15.105 The actual payment to the creditor shall not take place until one month after the implementation of the guarantee. If, in the interim, the UCI WorldTeam raises a written objection to the payment of the money to the creditor, the UCI shall pay the disputed sum into a special account and shall subsequently distribute it in accordance with any agreement reached between the parties or according to an enforceable judicial or arbitral decision. 

(text modified on 1.07.10; 1.01.15). 

2.15.106 If the creditor has not introduced his claim against the paying agent before the body designated in his contract or the body which he regards as competent on some other basis during the three months following the date of his call on the guarantee, the paying agent may apply to the UCI to have the blocked funds released in his favour. 

The funds shall be released should the creditor fail to take proceedings within one month of the despatch of notice by the UCI. The creditor then has fifteen days to provide the UCI with proof that he has commenced proceedings. If the body before which the creditor has commenced proceedings declares that it is not competent, the creditor must take fresh proceedings within one month of learning of this decision. Should this not be the case the paying agent may call on the UCI to release the funds in his favour. The funds shall be released should the creditor fail to take further proceedings within one month of the despatch of notice by the UCI. The creditor then has fifteen days to provide the UCI with proof that he has recommenced proceedings. 

