Confirming Bank. a banking institution indicated in the Stand-by Letter of Credit Agreement which, based on the permission and/or request of the Bank, assumes an independent irrevocable obligation to repay the Stand-by Letter of Credit and/or carry out a Negotiation .
Appears in 8 contracts
Sources: Stand by Letter of Credit Agreement, Stand by Letter of Credit Agreement, Stand by Letter of Credit Agreement
Confirming Bank. a banking institution indicated in the Stand-by Letter of Credit Agreement which, based on the permission and/or request of the Bank, assumes an independent irrevocable obligation to repay pay under the Stand-by Letter of Credit and/or carry out a Negotiation .
Appears in 6 contracts
Sources: Letter of Credit Agreement, Letter of Credit Agreement, Letter of Credit Agreement
Confirming Bank. a banking institution indicated in the Letter of Credit Agreement/Stand-by Letter of Credit Agreement which, based on the permission and/or request of the Bank, assumes an independent irrevocable obligation to repay the Letter of Credit/Stand-by Letter of Credit and/or carry out a Negotiation Negotiation.
Appears in 3 contracts
Sources: Documentary Transactions, Specific Conditions of Carrying Out Documentary Transactions, Documentary Transactions