2.17.027 A UCI Continental team or UCI women’s continental team whose guarantee is drawn upon shall be automatically suspended if the guarantee is not made up to its full amount within one month. 

2.17.027 Whenever a competent authority pronounces the opening of liquidation or bankruptcy bis proceedings against the team representative, the National Federation 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). 

2.17.028 The creditor must submit his application to the National Federation for the guarantee to be called up by 30 days before its expiry date at the latest. Documentary evidence must be provided with the application. 

Failing this the National Federation is not obliged to call up the guarantee. 

## Model bank guarantee 

2.17.029 The present bank guarantee is issued under the terms of Article 2.17.017 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 Continental team or UCI women’s continental team [name] (team representative: [name of team representative]) to riders and other creditors covered in article 2.17.018 of those Regulations as well as the payment of expenses, indemnities, fines and sanctions or sentences imposed under or by consequence of the regulations of the UCI. 

The amount of the present Guarantee is limited to [currency] X]. 

The bank, 

$_{-}$ Exact name; 

$_{-}$ Full address to which any call on the guarantee can be sent; 

$_{-}$ Telephone and fax numbers of the department of the bank which handles the calling up of the guarantee; 

$_{-}$ E-mail address. 

hereby undertakes, on first demand and within fifteen days of receiving the demand, to pay [the responsible National Federation of the team] any amount in [currency] requested up to a maximum of [currency] X up to the exhaustion of the present guarantee, 

The aforementioned payments shall be made on reception of a simple request regardless of any objection raised or exception taken by anyone whomsoever. The request shall require no justification. 

The present Guarantee shall remain in effect until [the last day of the third month following the end of the relevant season] 

Any call on the present guarantee must be received by the bank no later than [last day of the third month following the end of the relevant season]. 

