BANK GUARANTEE
NUMBER……………………………
To:Industrial and Commercial Bank of China (Thai) Plc.
From:……….[Insert Issuing Bank]…………
Date:[ ]
Upon instruction of our client, …………[Insert Applicant’s Name]………… (the “Applicant”) with its principal office at ……………..…………......…………………….., we hereby issue in your favor our Bank Guarantee No. [ ] for THB ………………- (…………………………………………… Baht), as follows:
Whereas you have agreed to provide the credit facilities to [_____________________] (the “Borrower”) under the [Insert details of credit facility agreements] dated ………[Insert the date of credit facility agreements]……….(the “Credit Facility Agreement”) in the amount of THB ……………………….. (…………………………………….. Baht).
Now therefore we, ……[Insert Issuing Bank’s Name]……….. with its principal office at…………………… ……………..…………………………………………...….……….., hereby irrevocably and unconditionally undertake to pay to you on your first demand and waiving all rights of objection and defence arising from the Credit Facility Agreement, an amount up to THB ………………- (……………………………… Baht) plus interest accrued thereon, any cost and expenses associated therewith, upon receipt of your request for payment by registered letter or tested telex or authenticated swift stating that the Borrower has failed to fulfil its obligations in accordance with the Credit Facility Agreement and the amount claimed represents and covers the unpaid indebtedness due to yourselves by the Borrower.
This Bank Guarantee is valid and in full force and effect from the date written above until the obligations of the Borrower under the Credit Facility Agreement have been discharged in full and we will not terminate this Bank Guarantee unless and until you agree to such termination in writing.
This Bank Guarantee is governed and construed in accordance with Thai law.
IN WITNESS WHEREOF, we have caused these presents to be signed by authorized person and our corporate seal (if any) to be hereto affixed.
Issuing Bank’s Name
(Witness) (Witness)