Validity of demands Sample Clauses

Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by the Borrower under the Loan Agreement; (b) at the same time as the service of a notice under clause 18.22 (actions following an Event of Default) of the Loan Agreement; and a demand under this Guarantee may refer to all amounts payable under or in connection with the Loan Agreement without specifying a particular sum or aggregate sum.
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Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by the Bareboat Charterer under a Leasing Document; and (b) at the same time as the service of the Termination Notice referred to under clause 47.2 of the Bareboat Charter; and a demand under this Guarantee should specifically refer to each amount payable under or in connection with a Leasing Document.
Validity of demands. Any person dealing with the Security Trustee or any Receiver shall not be concerned to see or enquire as to the validity of any demand made by the Security Trustee or the Receiver under this Deed.
Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by any Borrower under the Loan Agreement or the relevant Master Agreement (as the case may be); (b) at the same time as the service of a notice under clause 19.2 (Events of Default) of the Loan Agreement; and a demand under this Guarantee may refer to all amounts payable under or in connection with the Loan Agreement and/or the Master Agreements (or any of them) without specifying a particular sum or aggregate sum.
Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by the relevant Relevant Person under the Leasing Document to which it is a party; (b) at the same time as the service of a notice under clause 43 of the Bareboat Charter; and a demand under this Guarantee shall (i) be in writing; (ii) be signed by a duly authorised officer of the Owner and delivered to the Guarantor pursuant to the provisions under this Guarantee; (iii) make reference to this Guarantee; (iv) specifically identify the Charterer or any other Relevant Person and the Guaranteed Obligations to be paid and/or performed (as the case may be); and (v) set forth payment instructions in respect of any amount or amounts payable to the Owner.
Validity of demands. (a) The Owner may serve more than one demand under this Guarantee. (b) A demand under this Guarantee shall be valid notwithstanding that it is served: (i) on the date on which the amount to which it relates is payable by the Charterer under any Transaction Documents; (ii) at the same time as the service of a notice under clause 54 of the Charter; and a demand under this Guarantee may refer to all amounts payable under or in connection with Transaction Documents without specifying a particular sum or aggregate sum.
Validity of demands. A demand under this Corporate Guarantee shall be valid notwithstanding that it is served: (a) on the date immediately following the date on which the amount to which it relates is payable by the Borrower under the Loan Agreement or any other Finance Document; or (b) at the same time as the service of a notice under clause 19.2 of the Loan Agreement, and a demand under this Corporate Guarantee may refer to all amounts payable under or in connection with the Loan Agreement or any other Finance Document without specifying a particular sum or aggregate sum.
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Related to Validity of demands

  • Validity of Agreement The Company shall be precluded from asserting in any Proceeding, including, without limitation, an action under Section 12 (a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement and shall stipulate in court that the Company is bound by all the provisions of this Agreement.

  • Validity of Tenders Tenders shall remain valid for 120 days or as specified in the Invitation to Tender after the date of tender opening prescribed by the Procuring entity, pursuant to paragraph 2.18. A tender valid for a shorter period shall be rejected by the Procuring entity as non responsive.

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