Irrevocable Counter Guarantee Letter Template

Irrevocable counter guarantee letter template

To the bank:

The security agreement is signed by the Bank of China in the year of the year of the year of the year of the year of the year of the year. For this reason, the unit is willing to guarantee unconditionally and irrevocably:

1. if above guarantee The entrusting unit (that is, it is not able to deposit the same number of persons as stipulated in the agreement). Bond If your bank can not pay the full amount to the beneficiary of the letter of guarantee from the principal margin deposit depositor, it shall be paid by our company or the fund is first paid by your bank.

2. when your bank is required to indemnity by this guarantee and the relevant payment vouchers, we will unconditionally carry out the obligations stated in this guarantee within five days, paying the principal, interest, handling fee, tax and all expenses incurred due to deferred payment.

3. if our company fails to make payment on schedule within five days, you have the right to deduct from any account opened by our company in the bank. These accounts are: the Bank of China, the Bank of China, the Bank of China:

4. this guarantee is a continuous obligation of the unit and is not subject to any disputes, claims and legal proceedings.

The guarantee liability of this guarantee will be reduced relative to the amount already paid by the unit.

5. the letter of guarantee will come into force from the date of the guarantee to the guarantor. debt Failure after performance.