Form of Guarantees. THE CONTRACTOR will, at its own expense, establish one or more standby letters of credit, which shall be unconditional and irrevocable, payable at sight and opened with a bank or financial institution legally established in Colombia. THE CONTRACTOR may present another instrument and/or agency, which must be previously approved by XXX.
Appears in 3 contracts
Samples: Exploration and Production Contract, Exploration and Production Contract (GeoPark LTD), Exploration and Production Contract (GeoPark Holdings LTD)
Form of Guarantees. THE CONTRACTOR will, at its own expense, establish one or more standby letters of credit, which shall be unconditional and irrevocable, payable at sight and opened with a bank or financial institution legally established in Colombia. THE CONTRACTOR may present another Colombia or other instrument and/or agency, which must be previously approved or organism accepted by XXX.
Appears in 1 contract
Form of Guarantees. THE CONTRACTOR will, at its own expense, establish one or more standby letters of credit, which shall be unconditional and irrevocable, payable at sight and opened with a bank or financial institution legally established in Colombia. THE CONTRACTOR may present another Colombia or other instrument and/or agency, which must be previously approved or organism accepted by XXXANH.
Appears in 1 contract
Samples: Exploration and Exploitation Contract (Harken Energy Corp)
