Examples of Acceptance Request in a sentence
Notwithstanding any provision of this Section 2.18 to the contrary, the Borrowing Agent shall not have the authority to request on behalf of any of WFS Europe and WFS Singapore the issuance of Letters of Credit or Bankers’ Acceptances, unless such Borrower for whose benefit such Letter of Credit or Bankers’ Acceptance is requested has joined in the execution of the Letter of Credit Application or Bankers’ Acceptance Request, as applicable, relating thereto.
Such Bankers’ Acceptance Request must be received by the L/C Issuer and the Administrative Agent not later than 12:00 noon (or such later date and time as the L/C Issuer may agree in a particular instance in its reasonable discretion) of the proposed issuance date.
Such Bankers’ Acceptance Request must be received by the L/C-BA Issuer and the Administrative Agent not later than 2:00 p.m. (or such later date and time as the L/C-BA Issuer may agree in a particular instance in its sole discretion) of the proposed issuance date.
Each Bankers’ Acceptance Request shall specify in form and detail satisfactory to the L/C-BA Issuer: (A) the proposed issuance date of the requested Clean Bankers’ Acceptance (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the shipping information; (E) a description of the fuel; and (F) such other matters as the L/C-BA Issuer may reasonably require.
Each Bankers’ Acceptance Request shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Clean Bankers’ Acceptance (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof; (D) the shipping information; (E) a description of the inventory; and (F) such other matters as the L/C Issuer may reasonably require.
Each Acceptance Request shall be deemed to constitute a representation and warranty by the Borrower that as of the date of such Request statements set forth in Article 6 hereof are true and correct (and apply to the drafts and underlying transactions described in such Request) and that no Default or Event of Default has occurred and is continuing.
Each Acceptance Request shall identify the drafts for which a quote is requested by specifying the total face amount for all such drafts, the proposed date of presentment and the maturity of such drafts and the nature of the underlying transaction(s) relating to such drafts.
Each draft which the Borrower has identified in an Acceptance Request (a) will grow out of one or more transactions involving the importation or exportation of goods; or (b) will grow out of one or more transactions involving the domestic shipment of goods.
Such request will be made by delivering a written request or making an oral request (an "Acceptance Request") to the Agent on a Business Day not later than 9:00 a.m. (Seattle time) on the date on which the Borrower proposes to present its draft for acceptance and discount, provided that, any Acceptance Request given orally shall be confirmed by the Borrower in a writing delivered to the Agent not later than 11:00 A.M. (Seattle time) on the date such oral Acceptance Request is made.
The proceeds of all Drafts shall be used by the Borrower solely for the purpose of financing the transactions to which such Drafts relate, all as specified by the Borrower in its corresponding Acceptance Request.