Arbejds- eller leverancegaranti - betinget

Conditional Performance Guarantee   

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, hereby irrevocably guarantee you payment up to the following maximum amount:

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

as security that our client will meet their contractual obligations under the above-mentioned contract.

Any claim made by you under this guarantee must contain 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.

In case our client is in disagreement to any claim and payment under this guarantee, payment must await our receipt of either: 

• a duly signed statement from [name of our client] stating that they approve your claim for payment made according to the above-mentioned contract in the amount claimed under this guarantee; or 
• a final decision by a court or arbitration tribunal stating that you are entitled to receive payment for your claim made according to the above-mentioned contract in the amount claimed under this guarantee  

This guarantee shall automatically be reduced by any payment made by us under this guarantee.

Our guarantee is effective as of today and expires on the earlier of

• on return of the original guarantee document to us 
• on [date], 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.

Yours faithfully, 

Nykredit Bank A/S