Bank Guarantee
IRREVOCABLE BANK GUARANTEE
THIS IRREVOCABLE BANK GUARANTEE is made and executed on this ___ day ______. BY: _______________________ Bank Limited, a Banking Company incorporated in Pakistan and having its head office at _______________________ (city name) and Branch at Stock Exchange Building, Stock Exchange Road,, Karachi (herein after referred to as the “Bank”, which expression shall, wherever the context so requires, means and include its successors-in-interest and permitted assigns) IN FAVOUR OF: KARACHI STOCK EXCHANGE LIMITED, a Stock Exchange incorporated under the Laws of Pakistan, having its registered office at Stock Exchange Building, Stock Exchange Road, Karachi, Pakistan (herein after referred to as the “Stock Exchange”, which expression shall, wherever the context so requires, means and include its successors-in-interest and permitted assigns); WHEREAS: (a) The Stock Exchange has been registered under the Securities and Exchange Ordinance, 1969 and has made available facilities, among others, for dealing in securities and, for risk management and settlement of contracts, trades and transactions in respect of securities and for execution of transactions through Karachi Automated Trading System under and in terms of its various regulations framed for these purposes (hereinafter referred as the “Regulations”, which term shall also include Board Decisions, Notices, all amendments, modifications and additions therein from time to time and any new Regulations made in substitution therefor); ___________________________ (hereinafter referred to as “TRE Certificate Holder”, which term shall include his/its legal heirs, nominees, administrators, executors, successors-in-interest and assigns) and having office at ________, Karachi Pakistan has been admitted by the Stock Exchange as a TRE Certificate Holder under its Articles of Association and registered as a Broker under Brokers and Agents Registration Rules 2001 made under the Securities and Exchange
THIS IRREVOCABLE BANK GUARANTEE is made and executed on this ___ day ______. BY: _______________________ Bank Limited, a Banking Company incorporated in Pakistan and having its head office at _______________________ (city name) and Branch at Stock Exchange Building, Stock Exchange Road,, Karachi (herein after referred to as the “Bank”, which expression shall, wherever the context so requires, means and include its successors-in-interest and permitted assigns) IN FAVOUR OF: KARACHI STOCK EXCHANGE LIMITED, a Stock Exchange incorporated under the Laws of Pakistan, having its registered office at Stock Exchange Building, Stock Exchange Road, Karachi, Pakistan (herein after referred to as the “Stock Exchange”, which expression shall, wherever the context so requires, means and include its successors-in-interest and permitted assigns); WHEREAS: (a) The Stock Exchange has been registered under the Securities and Exchange Ordinance, 1969 and has made available facilities, among others, for dealing in securities and, for risk management and settlement of contracts, trades and transactions in respect of securities and for execution of transactions through Karachi Automated Trading System under and in terms of its various regulations framed for these purposes (hereinafter referred as the “Regulations”, which term shall also include Board Decisions, Notices, all amendments, modifications and additions therein from time to time and any new Regulations made in substitution therefor); ___________________________ (hereinafter referred to as “TRE Certificate Holder”, which term shall include his/its legal heirs, nominees, administrators, executors, successors-in-interest and assigns) and having office at ________, Karachi Pakistan has been admitted by the Stock Exchange as a TRE Certificate Holder under its Articles of Association and registered as a Broker under Brokers and Agents Registration Rules 2001 made under the Securities and Exchange