ADVANCE PAYMENT GUARANTEE BY AIRMAIL

IN CONSIDERATION OF YOUR HAVING ENTERED INTO A CONTRACT

NO. DATED WITH (NAME OF APPLICANT)
HEREINAFTER CALLED THE VENDORS, FOR THE SUPPLY OF
(DESCRIPTION OF GOODS) AND YOUR HAVING PAID THE VENDORS AN ADVANCE
PAYMENT OF (CURRENCY AND AMOUNT IN NUMBERS) (CURRENCY AND AMOUNT
IN WORDS)
WE, THE TORONTO DOMINION BANK, GLOBAL TRADE FINANCE,
500 ST. JACQUES STREET, 10TH FLOOR, MONTREAL, QUEBEC,
CANADA H2Y ISI,
HEREBY IRREVOCABLY GUARANTEE TO PAY YOU FOR ACCOUNT OF THE
VENDORS UP TO AN AGGREGATE AMOUNT OF (CURRENCY AND AMOUNT IN
NUMBERS) AND ENGAGE OURSELVES TO EFFECT PAYMENT TO A DEPOSITORY OF
YOUR CHOOSING AGAINST YOUR WRITTEN DEMAND, WITHOUT EXAMINING AND
TAKING INTO ACCOUNT ANY OBJECTION ON THE PART OF THE VENDORS. SUCH
DEMAND TO STATE THAT VENDORS HAVE FAILED TO REPAY YOU.

THIS OUR GUARANTEE EXPIRES ON (EXPIRY DATE) AT OUR OFFICE AFTER WHICH
DATE THIS GUARANTEE SHALL BECOME NULL AND VOID AND WILL BE
REMOVED FROM OUR RECORDS. ANY DEMANDS RECEIVED AFTER SAID EXPIRY
DATE WILL NOT BE ENTERTAINED.

OUR GUARANTEE IS SUBJECT TO THE LAWS OF THE PROVINCE OF QUEBEC,

CANADA.

OPERATIVE CLAUSE IF NEEDED

THIS GUARANTEE BECOMES OPERATIVE ONLY UPON RECEPT BY US

OF CAD THRU YOUR CANADIAN CORRESPONDENT QUOTING
OUR G AT WHICH TIME WE SHALL ADVISE YOU THAT
THIS GUARANTEE HAS BECOME OPERATIVE BY TEST TELEX/SWIFT.
OR
THIS GUARANTEE BECOMES OPERATIVE ONLY UPON RECEIPT BY US
OF USD THRU BANK OF AMERICA, NEW YORK FAVOUR
OF TORONTO DOMINION BANK, TORONTO AlC TORONTO DOMINION
BANK, MONTREAL QUOTING OUR REF:G...AT WHICH TIME WE
SHALL ADVISE YOU THAT THIS GUARANTEE HAS BECOME OPERATIVE
BY TESTED TELEX/SWIFT.

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