Guarantees

The letter of guarantee means the document which forms part of the Guarantee Agreement and which represents the irrevocable commitment by which the Issuer undertakes, at the request of the Authorizing Officer, in consideration of the basic contract concluded between the Authorizing Officer and the Beneficiary, to pay a sum of money to the Beneficiary. in accordance with the terms of the undertaking given by the guarantee contract.

Authorizing Officer: The legal person or association of legal persons that supplies products, provides services or performs works, on the basis of contracts for consideration, the performance of which involves the provision of guarantees regarding the fulfillment of the assumed obligations. The guarantor (Contractor) of a Guarantee may be any legal person or association of legal persons having their domicile or residence within the territorial area of ​​operation of the Guarantor or its agents; letters of guarantee.

Beneficiary: The third party with whom the Authorizing Officer has concluded the Basic Contract, to whom the Issuer and the Authorizing Officer are jointly and severally liable in case of occurrence of the guaranteed event and to whom all rights deriving from the Guarantee Agreement are assigned;

Guarantor (Issuer): Legal entity Transilvania IFN S.A. Guarantee and Financing Fund, Nerva Traian Street no. 3, floor 7, Sector 3, Bucharest, identified by CUI 40704013 and J40 / 2543/2019, registered in the General Register IFN of BNR under no. RG-PJR-41-110348, Subscribed share capital paid 1,720,000 Lei, IBAN account: RO59 BTRL RONC RT04 8852 9201 opened at Banca Transilvani