UCI CYCLING REGULATIONS  2.13.118 The UCI will call up the bank guarantee in favour of the creditor mentioned in article  2.13.108 unless the claim is manifestly unfounded. The UCI Women’s WorldTeam will  be informed of the creditor's request and of the call on the guarantee.  2.13.119 For any call on the bank guarantee, the UCI shall draw, in addition to the amount claimed  by the creditor, the sum of CHF 500 as costs. This sum is drawn for each creditor  claiming the bank guarantee, up to a maximum of CHF 15,000 per bank guarantee. In  case of payment by the UCI of a seized amount from a bank guarantee, all bank fees  shall exclusively be at the expense of the beneficiary.  2.13.120 The actual payment to the creditor shall not take place until one month after the  implementation of the guarantee. If, in the interim, the UCI Women’s WorldTeam raises  a written objection to the payment of the money to the creditor, the UCI shall pay the  disputed sum into a special account and shall subsequently distribute it in accordance  with any agreement reached between the parties or according to an enforceable judicial  or arbitral decision. However, the funds will only be released in favour of the paying agent when the bank  guarantee has been reconstituted.  2.13.122 Any creditor having called-up the bank guarantee shall keep the UCI informed of all  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 2.13.119 and, if applicable, article 2.13.124.  2.13.123 Should the debt claimed exceed the amount corresponding to the share of contractual  benefits covered under article 2.13.111 (15% in 2020, 20% in 2021 and 25% from 2022  onwards), only a sum equal to a share of 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 is  not 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.  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 the paying  agent, the UCI may use the funds for projects related to the development of cycling,  which must be agreed upon by the UCI Management Committee.  E170421  ROAD RACES  153  2.13.121 If the creditor has not introduced their claim against the paying agent before the body  designated in their contract or the body which they regard as competent on some other  basis during the three months following the date of their call on the guarantee, the paying  agent may apply to the UCI to have the blocked funds released in their favour.  The funds shall be released should the creditor fail to take proceedings within one month  of the despatch of notice by the UCI. The creditor then has 15 days to provide the UCI  with proof that they have commenced proceedings. If the body before which the creditor  has commenced proceedings declares that it is not competent, the creditor must take  fresh proceedings within one month of learning of this decision. Should this not be the  case, the paying agent may call on the UCI to release the funds in their favour. The funds  shall be released should the creditor fail to take further proceedings within one month of  the despatch of notice by the UCI. The creditor then has 15 days to provide the UCI with  proof that they have recommenced proceedings.