Toi
Land Management Unit,
Real Estate Ventures Department,
Tenaga Nasional Berhad,
Aras 3, Bangunan Wilayah,
No. 129, Jalan Bangsar,
59200 Kuala Lumpur.
BANK GUARANTEE
In consideration of Tenaga Nasional Berhad of 129, Jalan Bangsar, 59200 Kuala
Lumpur (hereinafter referred to as ‘the Company”) agreed to provide electricity
supply to...
hereinafter referred to as “the Consumer”) for the consumer’s
(hereinafter referred to as “the Bank”) hereby guarantees the payment to the Company
by the Consumer of such sums of money not exceeding the aggregate sum of
MR20,000.00 (Malaysian Ringgit Twenty Thousand Only) which may at any time or
times be claimed by the Company against the Consumer for damages in the event the
Consumer failing to execute a registrable memorandum of lease after the Company
has incurred expenditure in providing and installing all the necessary materials in the
substation building to be leased by the Consumer to the Company for the supply of
such electricity.
NOW THE BANK HEREBY AGREED AND DECLARED AS FOLLOW:-
1. This guarantee shall be valid for one (1) year from ....
10 seas
...and will be renewed by the Bank upon request by the
Consumer from year to year until such time as a lease for the substation building
referred to above between the Consumer and the Company is registered.2. This guarantee is a continuing guarantee within the limits aforesaid as to time
and amount.
3. Notice in writing of any claims by the Company against the Consumer will be
given by the Company to the Bank and within seven (7) days from the date of receipt
of such notice payment shall forthwith be made by the bank to the Company of all
sums due under this guarantee.
4. With reference to the right and liability of the parties and stipulated time
periods hereinstated this guarantee shall not be effected or prejudiced by the Company
granting time or any other indulgence to the Consumer or by any change whatsoever
in the constitution of the Consumer or by the Consumer's liquidation or winding up.
5. Notewithstanding any other provisions herein before contained, if on the
expiry of sixty days (60) after the date of the expiry of this guarantee, the bank has not
received any claim from the Company, this guarantee shall lapse and cease to have
any effect whatsoever and the bank shall be deemed to be discharged and released
from all and any liability under this guarantee.
6. With effect from the date this guarantee is expressed to become effective it
shall replace the former guarantee B/G No. dated
issued by the bank in the Company's favour for the same sum of MR20,000.00 BUT
such replacement shall not released the bank, in all and any manner, from its liability
to pay the claims made by the Company PROVIDED such claims is expiration of the
above written sixty days (60) under Clause 5”.Dated the .
Signed by, for and
on behalf of the Bank
(Designation)
in the presence of
(Designation)