AND WHEREAS we have agreed to give the tenderer a guarantee: THEREFORE WE hereby affirm that we are Guarantors and responsible to you, on behalf of the tenderer, up to a total of ……………………………………………………. [amount of the guarantee in words and figures], and we undertake to pay you, upon your first written demand declaring the tenderer to be in default under the Contract and without cavil or argument, any sum or sums within the limits of ……………………….. as aforesaid, without your needing to prove or to show grounds or reasons for your demand or the sum specified therein. [amount of guarantee] This guarantee is valid until the _____ day of 20 __________________________________________________________________ Signature and seal of the Guarantors ____________________________________________________________________ [name of bank or financial institution] ____________________________________________________________________ [address] ______________________________________________________________________ [date] (Amend accordingly if provided by Insurance Company)
AND WHEREAS we have agreed to give the tenderer a guarantee: THEREFORE WE hereby affirm that we are Guarantors and responsible to you, on behalf of the tenderer, up to a total of ……………………………………………………. [amount of the guarantee in words and figures], and we undertake to pay you, upon your first written demand declaring the tenderer to be in default under the Contract and without cavil or argument, any sum or sums within the limits of ……………………….. [amount of guarantee] as aforesaid, without your needing to prove or to show grounds or reasons for your demand or the sum specified therein. This guarantee is valid until the _____ day of 20 __________________________________________________________________ Signature and seal of the Guarantors ____________________________________________________________________ [name of bank or financial institution] ____________________________________________________________________ [address] ______________________________________________________________________ [date] (Amend accordingly if provided by Insurance Company)