Common use of Issuing Bank’s agreement Clause in Contracts

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. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed valid Demand. A Demand may not will only be given after valid if it has been duly completed and if 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 undertakes to the Beneficiary that, within [10ten] Business Days of receipt by it of a Demand validly presented under this Letter of Creditvalid Demand, 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. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after received by the Issuing Bank by no later than [·] p.m. ([London] time) on 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 [10ten] Business Days of receipt by it of a Demand validly presented under this Letter of CreditDemand, 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. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after received by the Issuing Bank by 11.00 a.m. on 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 [ten (10)] Business Days of receipt by it of a Demand validly presented under this Letter of CreditDemand, 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 Letter of Credit Amount.

Issuing Bank’s agreement. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after 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 undertakes to the Beneficiary that, within [10ten] Business Days of receipt by it of a Demand validly presented under this Letter of CreditDemand, 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. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after received by the Issuing Bank by no later than [—] p.m. (London time) on 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 [10ten] Business Days of receipt by it of a Demand validly presented under this Letter of CreditDemand, 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. (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 [10ten] 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. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after 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 undertakes to the Beneficiary that, within [10ten] Business Days of receipt by it of a Demand validly presented under this Letter of CreditDemand, 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 Letter of Credit Amount.

Issuing Bank’s agreement. (a) 2.1 The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after received by the Issuing Bank by [●] p.m. ([London] time) on the Expiry Date. (b) 2.2 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 CreditDemand, it must pay to the Beneficiary the amount which is demanded for payment in that Demand. (c) 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.

Issuing Bank’s agreement. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after 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 undertakes to the Beneficiary that, within [10ten] Business Days of receipt by it of a Demand validly presented under this Letter of CreditDemand, 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. (1) This may need to be amended depending on the currency of payment under the Letter of Credit.

Issuing Bank’s agreement. (a) The Beneficiary may request a drawing [or drawings] drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand may not must be given after 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 undertakes to the Beneficiary that, within [10ten] Business Days of receipt by it of a Demand validly presented under this Letter of CreditDemand, 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. 5 This may need to be amended depending on the currency of payment under the Letter of Credit.