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Bank Guarantee For Deposit
"I need a Bank Guarantee For Deposit to secure a commercial property lease in Singapore, with a guarantee amount of SGD 500,000 and validity period from 1 March 2025 to 28 February 2026, where DBS Bank will be the guarantor."
1. Parties: Details of the Bank (Guarantor), Principal (Customer), and Beneficiary
2. Background: Context of the guarantee and underlying transaction
3. Definitions: Key terms used in the guarantee
4. Guarantee Amount: Specific sum being guaranteed
5. Duration/Validity Period: Term of the guarantee including expiry date
6. Demand Requirements: Conditions and process for making claims
7. Payment Terms: Terms and timing of payment upon valid demand
1. Counter-Indemnity: Principal's obligation to indemnify the bank
2. Assignment Clause: Rights and restrictions regarding assignment
3. Force Majeure: Provisions for unforeseen circumstances
1. Form of Demand: Template for making claims under the guarantee
2. Supporting Documents: List of required documents for claim verification
3. Fee Schedule: Details of bank charges and fees if applicable
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