Arbejds- eller leverancegaranti - anfordring

Demand Performance Guarantee

[name and address of beneficiary]

We hereby issue our Guarantee as follows:

Our reference: GUA-

Date and place of expiry:     

Detail of guarantee:

You have concluded a contract with our client [name and address] with contract no. [number] dated [date] for the [supply of/specification of goods/description of project] at a total price of [price].

We are informed, that according to the conditions of the contract, a performance guarantee is required.

Therefore we, Nykredit Bank A/S, Trade Finance, Sundkrogsgade 25, DK-2150 Nordhavn, Denmark, at the request of our client, irrespective of the validity and the legal effects of the above-mentioned contract and waiving all rights of objection and defence arising therefrom, hereby irrevocably undertake to pay you on your first demand, any amount up to the following maximum amount

[currency] [amount] (in words: [amount in words])

upon receipt of your original duly signed demand for payment and your statement, whether in the demand itself or in a separate signed document accompanying or identifying the demand, indicating in what respect [name of our client] did not fulfil their contractual obligations towards you.

Our guarantee is effective as of today and expires on [date] or such earlier date as the original guarantee document is returned to us, automatically and in full if your demand has not been received by us, at this office, on or before that date, regardless of such date being a non-banking day.

This guarantee is governed by Danish law and the place of jurisdiction is Copenhagen, Denmark.

This guarantee is subject to the Uniform Rules for Demand Guarantees (URDG) 2010 Revision, ICC Publication No. 758.

Yours faithfully,

Nykredit Bank A/S