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Guarantee Letter
1. Letter Header: Date, recipient details, and formal letter reference
2. Guarantee Amount and Currency: Clear statement of the guaranteed sum and currency
3. Identification of Principal Debt/Obligation: Description of the underlying obligation being guaranteed
4. Scope of Guarantee: Clear definition of what is covered by the guarantee
5. Duration and Validity: Period of effectiveness and expiry conditions
6. Payment Terms: Conditions and process for calling on the guarantee
7. Guarantor's Declaration: Formal statement of guarantee commitment
8. Governing Law Statement: Confirmation of Danish law application
9. Signature Block: Execution section for guarantor's authorized representative
1. Demand Requirements: Specific requirements for making a valid demand under the guarantee, used when complex claim procedures are needed
2. Step-in Rights: Rights of the guarantor to take over the underlying obligation, included when relevant to the business arrangement
3. Counter-Indemnity: Terms of reimbursement from the principal debtor to the guarantor, included when there's a separate counter-indemnity arrangement
4. Assignment Provisions: Terms regarding transfer of guarantee rights, included when transferability is relevant
5. Multiple Guarantor Provisions: Specific provisions for cases with more than one guarantor
6. Reduction Mechanisms: Terms for progressive reduction of guarantee amount, used in construction or project-based guarantees
1. Specimen Demand Notice: Template for making a valid demand under the guarantee
2. Copy of Underlying Agreement: Reference copy of the agreement being guaranteed (if relevant)
3. Payment Schedule: Schedule of guaranteed payments or obligations (if applicable)
4. Authorized Signatories: List of persons authorized to make demands under the guarantee
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