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1. Parties: Identifies the Bank (Guarantor), the Applicant (Principal Debtor), and the Beneficiary

2. Background: Sets out the context of the underlying transaction and need for the bank guarantee

3. Definitions: Defines key terms including Guarantee Amount, Revolving Mechanism, Validity Period, and Trigger Events

4. Guarantee Amount and Scope: Specifies the maximum guarantee amount and nature of obligations covered

5. Revolving Mechanism: Details how the guarantee amount reinstates after claims, reinstatement conditions, and revolving period

6. Claim Procedure: Outlines the process for making claims, required documentation, and bank's examination procedure

7. Representations and Warranties: Standard representations from all parties regarding capacity and authority

8. Rights and Obligations: Details the rights and obligations of each party under the guarantee

9. Commission and Charges: Specifies fees, charges, and payment terms for the guarantee facility

10. Term and Validity: Sets out the duration, expiry conditions, and any auto-renewal provisions

11. Governing Law and Jurisdiction: Specifies Indian law as governing law and jurisdiction for disputes

1. Schedule 1 - Guarantee Format: Standard format of the bank guarantee including all necessary clauses

2. Schedule 2 - Claim Form: Template for submitting claims under the guarantee

3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and commission

4. Schedule 4 - Authorized Signatories: List of authorized signatories with specimen signatures

5. Schedule 5 - Required Documents: List of documents required for claims and guarantee operations

6. Appendix A - Operating Procedures: Detailed procedures for guarantee operations, claims, and communications