The guarantee shall have the effect of making the bank or financial institution or the third party provide irrevocable collateral security, or stand as first-call guarantor of the contractor’s or beneficiary’s obligations.
Beidh d’éifeacht leis an ráthaíocht iallach a chur ar an mbanc nó ar an institiúid airgeadais nó ar an tríú páirtí urrús comhthaobhach neamhinchúlghairthe a chur ar fáil nó seasamh mar ráthóir céadéilimh i leith oibleagáidí an chonraitheora nó an tairbhí.