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The validity of this guarantee. 6. The guarantor reserves the right to withdraw from this guarantee at any time by depositing the guaranteed amount with the employer, whereupon the guarantor s liability ceases. Page 1 of 2 DOW020B 7. This undertaking is neither negotiable nor transferable, and (a) must be surrendered to the guarantor at the time when the employer accounts to the guarantor in terms of clause 4 above, or (b) shall lapse on the date of the last certificate of practical.
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