Proposed Renovation of Former Jacinto Building - Clark Freeport Zone

we undertake to pay to the Entity up to the above amount upon receipt of his firstwritten demand, without the Entity having to substantiate its demand, provided that inhis demand the Entity will note that the amount claimed by it is due to the occurrence ofany one or combination of the three (3) conditions stated above.The Guarantee will remain in force up to and including the date _______________ 4 daysafter the deadline for submission of Bids as such deadline is stated in theInstructions to Bidders or as it may be extended by the Entity, notice of whichextension(s) to the Bank is hereby waived. Any demand in respect of this Guaranteeshould reach the Bank not later than the above date.DATE __________________SIGNATURE OF THE BANK ______________________WITNESS___________________________SEAL _______________________________(Signature, Name and Address)4 Usually 28 days after the end of the validity period of the Bid. Date should be inserted by the Entity before the bidding documentsare issued.183