Issuing Bank’s agreement. The Beneficiary may request a drawing or drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by [ ]p.m. ([London] time) on the Expiry Date.
Issuing Bank’s agreement. (a) The Beneficiary may request a drawing [or drawings] under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not be given after the Expiry Date.
(b) Subject to the terms of this Letter of Credit, the Issuing Bank unconditionally and irrevocably undertakes to the Beneficiary that, within [10] Business Days of receipt by it of a Demand validly presented under this Letter of Credit, it must pay to the Beneficiary the amount which is demanded for payment in that Demand.
(c) The Issuing Bank will not be obliged to make a payment under this Letter of Credit if as a result the aggregate of all payments made by it under this Letter of Credit would exceed the Total L/C Amount.
Issuing Bank’s agreement. 2.1 The Beneficiary may request a drawing or drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not be given after the Expiry Date.
2.2 Subject to the terms of this Letter of Credit, the Issuing Bank unconditionally and irrevocably undertakes to the Beneficiary that, within three (3) Business Days of receipt by it of a Demand validly presented under this Letter of Credit, it must pay to the Beneficiary the amount which is demanded for payment in that Demand.
2.3 The Issuing Bank will not be obliged to make a payment under this Letter of Credit if as a result the aggregate of all payments made by it under this Letter of Credit would exceed the Total L/C Amount.
2.4 Payment under this Letter of Credit shall be made in Pounds Sterling without any set-off or counterclaim whatsoever and free and clear of all deductions or withholdings whatsoever unless such deduction or withholding is required by applicable law.
Issuing Bank’s agreement. (a) If the Company fails to satisfy any of its obligations under the Contract, the Beneficiary may request a payment [or payments] under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by [ ] p.m. ([London] time) on the Expiry Date.
(b) Subject to the terms of this Letter of Credit, the Issuing Bank unconditionally and irrevocably guarantees to the Beneficiary that, within [10] Business Days of receipt by it of a Demand validly presented under this Letter of Credit, it must pay to the Beneficiary the amount which is demanded for payment in that Demand.
(c) The Issuing Bank will not be obliged to make a payment under this Letter of Credit if as a result the aggregate of all payments made by it under this Letter of Credit would exceed the Total Guaranteed Amount.
(d) [The Total Guaranteed Amount will automatically reduce by [ ] per cent. on delivery to the Issuing Bank by [ ] of [ ] as evidence of [ ], which the Issuing Bank may accept as conclusive evidence that [ ] has occurred.]
Issuing Bank’s agreement. (a) In connection with the Public Takeover Offer, we undertake to pay you any amount up to the Maximum Bank Guarantee Amount in accordance with the terms and conditions of this Bank Guarantee.
(b) This Bank Guarantee shall become effective upon issuance, and the proceeds of any drawing under this Bank Guarantee shall be used solely for the purposes of (i) paying cash consideration to the shareholders of, and the holders of convertibles over, or other rights to receive shares (including notional shares under the Target's Bonus Plan) in, the Target and (ii) to make associated payments of fees and expenses to , in each case in connection with the Public Takeover Offer.
(c) Bidco may request a drawing under this Bank Guarantee either by (i) submitting (or procuring the submission on its behalf) to the Issuing Bank a duly completed Demand (as per schedule 1) via authenticated SWIFT using the SWIFT code set out in paragraph 5 below or (ii) sending a duly completed Demand (as per schedule 1) to the Issuing Bank by letter duly signed by two Authorised Representatives accompanied by either (A) a letter from Bidco's bankers in the form of Schedule 2 to this Bank Guarantee or (B) an acknowledgment by a solicitor, lawyer or notary in the form of Schedule 3 to this Bank Guarantee. Multiple drawings are allowed provided that the aggregate amount under the Demands shall not exceed the Maximum Bank Guarantee Amount. A Demand must be received by the Issuing Bank by no later than 5:00 p.m. (London time) on the Expiration Date. Each Demand must be sent either (x) by letter via registered mail, or courier at the address mentioned in paragraph 5 below or (y) by authenticated SWIFT using the SWIFT code mentioned in paragraph 5 below.
(d) Subject to the terms of this Bank Guarantee, the Issuing Bank unconditionally and irrevocably undertakes to Bidco that, within four (4) Business Days of receipt by it of a complying Demand, it shall pay the amount demanded in that Demand into the Registrar’s/ Target's account specified in that Demand without any protest or delay and without any deduction, set-off, counterclaim or withholding. Bidco will request a drawing under this Bank Guarantee no earlier than four (4) business days after Scheme is effective.
(e) The Issuing Bank will not be obliged to make a payment in any case under this Bank Guarantee if as a result the aggregate amount of all payments made by it under this Bank Guarantee would exceed the Maximum Bank Guarantee Amount.
(f)...
Issuing Bank’s agreement. (a) The Beneficiary may request a drawing or drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by 4 p.m. (New York time) on or before the Expiry Date.
(b) Subject to the terms of this Letter of Credit, the Issuing Bank unconditionally and irrevocably undertakes to the Beneficiary that, within three Business Days of receipt by it of a Demand complying with the terms and conditions of this Letter of Credit, it shall pay to the Beneficiary the amount that is demanded in that Demand.
(c) The Issuing Bank will not be obliged to make a payment under this Letter of Credit if as a result the aggregate of all payments made by it under this Letter of Credit would exceed the Total L/C Amount.
Issuing Bank’s agreement. (a) The Beneficiary may make a demand under this Bank Guarantee by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by [ ] p.m. ([London] time) on the Expiry Date.
(b) Subject to the terms of this Bank Guarantee, the Issuing Bank unconditionally and irrevocably undertakes to the Beneficiary that, within [ten] Business Days of receipt by it of a Demand, it must pay to the Beneficiary the amount demanded in that Demand.
(c) The Issuing Bank will not be obliged to make a payment under this Bank Guarantee if as a result the aggregate of all payments made by it under this Bank Guarantee would exceed the Total Bank Guarantee Amount.
Issuing Bank’s agreement. The Beneficiary may request a drawing [or drawings] under this Documentary Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not be given after the Expiry Date.
Issuing Bank’s agreement. (a) The Beneficiary may request a drawing or drawings under this Bank Guarantee by giving to the Issuing Bank a completed Demand. A Demand must be received by the Issuing Bank by [•] p.m. (London time) on a date not later than the Expiry Date.
(b) Subject to the terms of this Bank Guarantee, the Issuing Bank unconditionally and irrevocably undertakes to the Beneficiary that, within ten Business Days of receipt by it of a Demand, it must pay to the Beneficiary the amount demanded in that Demand.
Issuing Bank’s agreement. The Beneficiary may make a demand under this Bank Guarantee by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by [ ] p.m. ([London] time) on the Expiry Date.
