Advising Bank definition

Advising Bank means the bank that advises the Bank Guarantee or the Letter of Credit or the Standby Letter of Credit at the request of the Issuing Bank.
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Advising Bank means the bank whose details are provided by Beneficiary at the time of opening of this Letter of Credit, or any other bank as notified by Beneficiary from time to time, in each case, for the purpose of advising this Letter of Credit to Beneficiary.
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Advising Bank means the bank that advises the credit at the request of the issuing bank.
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Examples of Advising Bank in a sentence

  • BL/01/01dated 27.3.2000)Performa for Irrevocable Letter of Credit (Advising Bank) State Bank of India (India) To, (Beneficiary) Oil & Natural Gas Corporation Ltd.

  • Advising Bank and contractor sufficiently in advance to enable him to get permits, quota certificates, licenses and foreign exchange, if required.

  • Advising Bank and contractor sufficiently in advance to enable him to get permits, quota certificates, licenses, if required.

  • If less than three framework contractors are eligible, the project manager cannot launch a framework contract procedure.

  • However, the paper BG would be operative only on receipt of a separate advice through SFMS and confirmed by the Advising Bank (i.e. Beneficiary Bank).

  • Appendix-4AProforma for Irrevocable Letter of Credit (Applicable for ICB tenders only) (Advising Bank) State Bank of India (India) To, (Beneficiary) Oil & Natural Gas Corporation Ltd.

  • The confirmation of issuance of BG through SFMS from Advising Bank shall be obtained through electronically as well as print out of the said message from Advising Bank with seal and signature.

  • The Issuing Bank issues the Letter of Credit and sends it to the Advising Bank by telecommunications or registered mail in accordance with the importer’s instructions.

  • Note: “The Performance Bank Guarantee shall be accepted in physical (hard) as well as through Structured Financial Messaging System (SFMS) by sending IFN 760 COV Bank Guarantee Advice Message by issuing bank branch to the Advising Bank Branch (Beneficiary Bank Branch) by mentioning the bank details of the NPCC only after which the paper Bank Guarantee could become operative.

  • Note: A message is received from the Advising Bank requesting to extend the guarantee.


More Definitions of Advising Bank

Advising Bank. (If left blank, Greater Bay Bank N.A. may select) Beneficiary: (Name and Address) DRAWBRIDGE/FABER LLC C/O DRAWBRIDGE PARTNERS LLC XXX XXXXXXXXXXX XXXXXX, XXXXX 0000 XXX XXXXXXXXX, XX 00000 For Account of: (Name and Address) Amount CARDIODX, INC. 0000 XXXXXX XXXXX PALO ALTO, CA 94304 In words U.S. DOLLARS THREE HUNDRED EIGHTY SEVEN THOUSAND TWO HUNDRED SEVENTY SIX AND NO/100 In figures $387,276.00 Currency U.S. Dollars Expiration Date: 02/01/2008 Availability: Unless otherwise specified herein, the Letter of Credit is to be available with Greater Bay Bank N.A.’s issuing office by payment of draft(s) drawn at sight on Greater Bay Bank NA. or, at Greater Bay Bank N.A.’s option, with any bank(s) or with a bank nominated by Greater Bay Bank N A. by negotiation of draft’s) drawn at sight on Greater Bay Bank N.A.
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Advising Bank means any bank appointed by the Contractor(s) to act as correspondent bank that receives a letter of credit (L/C) from the Issuing Bank.
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Advising Bank means The Chase Manhattan Bank, N.A., acting in its capacity as advising bank of the Letters of Credit, and its successors and permitted assigns acting in such capacity.
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Advising Bank means the bank to which the Letter of Credit is advised for the attention of the Beneficiary.
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Related to Advising Bank

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • New Lender as defined in Section 2.1(c).

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Exiting Lender see Section 2.17.7.

  • JPMCB means JPMorgan Chase Bank, N.A.

  • Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 9.07(a).

  • Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • NAIC Approved Bank means a bank that is a bank listed on the most current “List of Qualified U.S. Financial Institutions” approved by the NAIC (the “NAIC Approved Bank List”) (or any branch or related entity of such bank that qualifies as a Qualified U.S. Financial Institution in accordance with the Purposes and Procedures Manual of the NAIC Investment Analysis Office).

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Continuing Lender as defined in Section 2.17(a).

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.

  • Bank Affiliate means an Affiliate of the Bank and any other entity or platform initiated, managed or advised by the Bank.

  • Bank is defined in the preamble hereof.