UCI CYCLING REGULATIONS  However, the right to the guarantee will apply:  In no case may the amount of the bank guarantee be less than CHF 975,000.  If the total contractual benefits increase following the establishment of the guarantee, the  total sum of the bank guarantee must be increased proportionately. UCI WorldTeams  must immediately inform the Professional Cycling Council of this increase indicating the  amount and the reason. They must also forward without delay to the auditor appointed  by the UCI the documentation relative to the increase including, inter alia, the additional  bank guarantee or amendment to the existing bank guarantee. The auditor shall issue a  supplementary report to the Professional Cycling Council.  If the amount of the contractual benefits diminishes after a guarantee has been set up,  an adjustment of the guarantee with effect from 1 April of the registration year for which  the reduction has occurred is possible only in the event of a multi-year bank guarantee,  provided that the conditions set out below are satisfied:  Upon the conditions above being fulfilled, the UCI WorldTeam may submit a request for  the UCI to instruct its bank of the reduction, with effect on 1$^{st}$ April of the registration year,  of the amount of the bank guarantee.  (text modified on 20.10.05; 18.06.07; 1.07.09; 1.01.15; 24.03.17).  (text modified on 1.01.15; 1.11.15; 24.03.17).  For the first registration year covered by the licence, the guarantee must be available  from 1 January of the year of registration. Should the bank guarantee for the first  registration year of the licence period not cover the totality of that period, the bank  guarantee provided from the second registration year may stipulate that it may be called  2.15.101 The term of the guarantee may vary between one and three years depending on the term  of the UCI WorldTour licence granted to the team. In every case, it must remain valid  until 31 March after the last registration year covered by the guarantee.  2.15.100 The UCI may not be held responsible for the inadequacy of the guarantee.  2.15.099 If the bank guarantee proves to be inadequate the UCI WorldTeam shall be liable for a  fine of between CHF 5,000 and 50,000. Further, the UCI WorldTeam will be automatically  suspended if it fails to establish the additional or amended guarantee within one month  of the date of the decision to impose the fine and for so long as he fails to do so. In the  event of persistent default, the UCI may refer the case to the licence commission in  accordance with article 2.15.040.  $_{-}$  The reduction is acknowledged by the UCI auditor during the registration  procedure.  $_{-}$  The reduction will apply to the full year of registration;  $_{-}$  The amount of the contractual benefits diminishes from one registration year to  the next;  2.15.098 The amount of the guarantee shall represent one quarter of all the gross sums due for  payment by the UCI WorldTeam to riders and persons under contract for the operation  of the team during the registration year plus the amount of CHF 15,000.  2.  subsequently to the extent that the guarantee has not been exhausted on its  expiry date.  1.  in respect of any contract passed to the auditor by another party;  E170421  211  ROAD RACES 