Notice of Cancellation or Collateralisation. Any notice of cancellation or collateralisation given by the Account Party pursuant to this Clause 8 shall be irrevocable, shall specify the date upon which such cancellation or collateralisation is to be made and the amount of such cancellation or collateralisation and shall oblige the Account Party to procure such cancellation or collateralisation on such date.
Appears in 3 contracts
Samples: Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)
Notice of Cancellation or Collateralisation. Any notice of cancellation or collateralisation given by the Account Party pursuant to this Clause 8 9 shall be irrevocable, shall specify the date upon which such cancellation or collateralisation is to be made and the amount of such cancellation or collateralisation and shall oblige the Account Party to procure such cancellation or collateralisation on such date.
Appears in 2 contracts
Samples: Exhibit Agreement (Ace LTD), Exhibit (Ace LTD)
