Now, therefore, in consideration of the aforesaid advance of the said sum of Rs 33 lacs (Rupees thirty three lacs only) to be paid by the PCF to the seller as aforesaid the Bank hereby agrees and guarantees to make unconditionally immediate payment to the Federation at its office 1133 at Lucknow of the sum of Rs.33 lacks (Rupees thirty three lacs only) or any part thereof, as the case may be, due to the PCF from the seller at any time on receipt of the notice of demand without any question or reference to the PCF or to the seller on the seller 's failure to fulfil the terms of the said advance on the following terms and conditions: (Emphasis supplied) 1) The PCF shall be sole judge to decide whether the seller has failed to fulfil any terms and conditions of the said advance and on account of the said failure what amount has become payable to the PCF under this guarantee 2) This Guarantee shall be valid upto 15 5.84 (Fifteenth May 1984) after which period this guarantee shall stand cancelled and revoked.