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1. Parties: Identifies all parties: the Government (Guarantor), the Bank (Account holder), and the Beneficiary
2. Background: Context of the guarantee, including the underlying relationship and purpose
3. Definitions: Defines key terms used throughout the guarantee document
4. Scope of Guarantee: Clearly defines the extent and limitations of the government's guarantee
5. Amount of Guarantee: Specifies the maximum guaranteed amount and any applicable calculations
6. Duration of Guarantee: Specifies the effective period of the guarantee and expiry conditions
7. Conditions Precedent: Prerequisites that must be met before the guarantee becomes effective
8. Payment Mechanism: Process and conditions for calling on the guarantee
9. Bank's Obligations: Responsibilities and duties of the bank under the guarantee
10. Representations and Warranties: Standard declarations by all parties regarding their capacity and authority
11. Events of Default: Circumstances that constitute default and trigger guarantee obligations
12. Enforcement: Procedures for enforcing the guarantee
13. Governing Law and Jurisdiction: Confirms Pakistani law as governing law and specifies jurisdiction
14. Notices: Communication procedures between parties
15. Execution: Signature blocks and execution formalities
1. Counter-Indemnity: Optional section when the government requires indemnification from the bank or primary obligor
2. Step-In Rights: Used when the government needs rights to take over certain operations in case of default
3. Currency Provisions: Required for guarantees involving foreign currency transactions
4. Tax Provisions: Included when specific tax implications need to be addressed
5. Compliance with Shariah: Required for Islamic banking arrangements
6. Assignment and Transfer: Include when transfer rights need to be specifically addressed
7. Force Majeure: Optional protection against unforeseen circumstances
8. Dispute Resolution: Alternative dispute resolution procedures if preferred over standard court proceedings
1. Schedule 1 - Form of Demand: Standard format for making a demand under the guarantee
2. Schedule 2 - Account Details: Specific details of the bank account(s) covered by the guarantee
3. Schedule 3 - Authorized Signatories: List of authorized signatories for each party
4. Schedule 4 - Conditions Precedent Documents: List of required documents to be provided before effectiveness
5. Schedule 5 - Form of Compliance Certificate: Standard format for periodic compliance certification
6. Appendix A - Government Approval Documents: Copies of relevant government approvals and authorizations
7. Appendix B - Bank Authorization Documents: Copies of bank's regulatory approvals and authorizations
Banking and Financial Services
Public Sector
Government Administration
Infrastructure Development
Energy Sector
Defense Contracting
International Trade
Construction
Manufacturing
Public-Private Partnerships
Legal
Finance
Treasury
Compliance
Government Relations
Risk Management
Corporate Banking
Project Finance
Operations
Public Sector Relations
Chief Financial Officer
Treasury Manager
Government Relations Director
Banking Relationship Manager
Legal Counsel
Compliance Officer
Financial Controller
Public Sector Account Manager
Risk Manager
Project Finance Director
Government Affairs Specialist
Banking Operations Manager
Senior Finance Manager
Corporate Banking Head
Public Finance Director
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