Format for issue of fresh Bank Guarantee as per Master ... - MCX

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BG No:Dated:c. At the request of the Clearing Member, MCX has agreed to accept a bank guaranteein lieu of such margin deposit, as the case may be in favor of MCX from an approvedcommercial bank for an equivalent amount of Rs.____________/- . (Rupees________________ Only)d. The Clearing Member has requested the Bank to furnish to MCX a guarantee for Rs._______ /- (Rupees___________ Only)Therefore these presents:1. This guarantee shall be governed by the terms and conditions of the MasterAgreement dated ___________________ executed between the Bank and MCX andthe same shall form a part and parcel of this guarantee as though the same havebeen incorporated in this guarantee.2. The liability of the Bank under this guarantee shall not exceed Rs.________ (Rupees____________ only)3. This guarantee shall be valid for a period of ________ months i.e. up to_________.However, the Bank is liable to pay the guaranteed amount if MCX serves upon Bank awritten claim or demand on or before ___________ (claim date)Executed this _________ day of ___________ at ____________FOR ………………………………………….. (BANK)………………………………………….. (BRANCH)Authorized SignatoriesSeal of the Bank
Annexure – IIFormat of Renewal of Bank Guarantee as per Master AgreementDate : ………………..To,Multi Commodity Exchange of India Ltd.Exchange Square,Suren Road,Chakala, Andheri (East),Mumbai-400093We, ………………………………………(Bank) having our registered office at………………………….and our branch office at ……………………………….refer to theBank Guarantee number: ………………executed by us on the ……………..day of………………. at ……………(hereinafter referred to as "Said Guarantee") on account ofMr. / Ms./ M/s. ……………………………..having his/her/ its/registered office at………………………………(hereinafter referred to as a 'Member') for a sum of Rs………………….. (Rupees …………………..only) in your favour.ORWe, ………………………………………(Bank) having our registered office at………………………….and our branch office at ……………………………….refer to theBank Guarantee number: ………………executed by us on the ……………..day of……………… at ……………(hereinafter referred to as "Said Guarantee") on account ofM/s ……………………………………………………..Limited, incorporated as a companyunder the Companies Act, 1956 and having its registered office at…………………………………(CompleteAddress),………………………………(hereinafter referred to as a “Member”) for a sum of Rs ………………….. (Rupees…………………..only) in your favour.ORWe, ………………………………………(Bank) having our registered office at………………………….and our branch office at ……………………………….refer to theBank Guarantee number: ………………executed by us on the ……………..day of………………. at ……………(hereinafter referred to as "Said Guarantee") on account ofM/s ______________________________________________, a partnership firmregistered under the Indian Partnership Act, 1932 and having their office at_____________________________________________ (Complete Address),………………………………(hereinafter referred to as a “Member”) for a sum of Rs………………….. (Rupees …………………..only) in your favour.
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Format for issue of fresh Bank Guarantee as per Master ... - MCX

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