BG Bank Guarantee

To: [Beneficiary's Name] [Beneficiary's Address]

From: [Applicant's Name] [Applicant's Address]

Date: [Date]

Subject: Bank Guarantee for [Project/Contract Name]

Dear [Beneficiary's Name],

We are pleased to inform you that [Applicant's Name], a valued client of our bank, has requested us to issue a bank guarantee on their behalf in relation to the [Project/Contract Name].

This letter serves as an unconditional and irrevocable guarantee from BG Bank, confirming that we will fulfill all financial obligations up to the amount specified herein as per the terms and conditions of the underlying contract between [Applicant's Name] and [Beneficiary's Name].

Guarantee Details:

- Guarantee Amount: [Amount in Words and Figures] - Validity Period: [Start Date] to [End Date] - Beneficiary: [Beneficiary's Name] - Applicant: [Applicant's Name] - Issuing Bank: BG Bank - Contract/Project Details: [Brief Description]

In the event that [Applicant's Name] fails to fulfill their contractual obligations, including but not limited to non-payment or non-performance, our bank undertakes to honor any claim made by [Beneficiary's Name] under this guarantee, subject to the submission of a specified written demand within the validity period mentioned above.

Please note that any claims under this guarantee must be supported by necessary documents as outlined in the underlying contract. Our bank will evaluate and process the claim promptly upon receipt of all required documentation.

Kindly confirm your acceptance of this bank guarantee by signing and returning a copy of this letter to our bank within [Number of Days] from the date of your receipt.

We hereby assure you that our bank is financially sound and capable of meeting its obligations under this guarantee. Should you require any further information or clarification, please do not hesitate to contact us.

Thank you for your attention to this matter.

Yours sincerely,

[Authorized Signatory] [Name of the Bank Official] [Designation]