UCI CYCLING REGULATIONS  However the funds will only be released in favour of the paying agent when the bank  guarantee has been reconstituted.  (text modified on 1.10.09).  2.15.106 Any creditor having called-up the bank guarantee shall keep the UCI informed of all bis  follow- up action and proceedings initiated before the competent decision-making body.  If the creditor fails to provide the UCI with information regarding the status of proceedings  before the competent decision-making body during a period of three years as from  blocking of the funds by the UCI or as from the last notification from the creditor, the UCI  shall release the funds in favour of the paying agent after having deducted any amounts  due to the UCI in accordance with article 2.15.104 and article 2.15.108, if applicable. 2.15.107 Should the debt claimed exceed the amount corresponding to three months' contractual  benefits, only a sum equal to three months' contractual benefits may be paid in the first  instance, provided that the conditions for payment are fulfilled. The acknowledged  balance of the debt may be paid from the global guarantee on condition that the latter  would not be exhausted at the end of its period of validity. In the event that there are  several creditors, the available balance of the guarantee will be allocated proportionally  between them.  2.15.108 The UCI may call up the bank guarantee in the event of non-payment of fees, expenses,  indemnities, fines and penalties or sentences imposed by or in virtue of the regulations  of the UCI or related to their application provided that the guarantee is not exhausted at  the end of its period of validity, where applicable after application of article 2.15.107.  2.15.109 In the event of payment to a creditor or to the UCI from funds obtained from the bank  guarantee, the UCI WorldTeam shall automatically be suspended if the guarantee is not  fully reconstituted within one month of the request from the UCI to do so.  2.15.109 Whenever a competent authority pronounces the opening of liquidation or bankruptcy  bis  proceedings against a paying agent, the UCI may release the bank guarantee in favour  of the liquidation or bankruptcy administration, upon request from the competent  authority.  (article introduced on 1.01.18).  (text modified on 1.10.09; 1.01.15; 1.11.15).  The part of the blocked funds which, under the agreement reached between the parties  or according to the final judicial or arbitral decision, does not accrue to the creditor, will  be released in favour of the paying agent under deduction of the sums due to the UCI  according to article 2.15.104 and, where applicable, to article 2.15.108 and solely after  full reconstitution of the bank guarantee.  In the event of persistent default, the UCI may refer the case to the licence commission  in accordance with article 2.15.040.  In the event that at the time of release of the funds, the paying agent has undergone  dissolution or the UCI is not reasonably capable of returning the funds to paying agent,  the UCI may use the funds for projects related to the development of cycling, which must  be agreed upon by the Professional Cycling Council.  (article introduced on 1.01.18).  E170421  ROAD RACES  213 