Advising Bank definition

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 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. (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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Examples of Advising Bank in a sentence

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

  • SFMS FOR BG AUTHENTICITY IS TO BE SENT BY THE ISSUING BANK TO VEDANTA’s BANK (Advising Bank of SFMS).

  • However, all bank charges of the L/C negotiating Bank / Advising Bank shall be to the account of seller.

  • EMD deposited in the form of Banker’s Cheque /Demand draft will be refunded directly to bidder’s bank account through Electronic mode.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.

  • Remittee – Beneficiary, Advising Bank, Confirming Bank and/or Nominated Bank; Banking day – a day (except for Saturday, Sunday, or official holidays specified by the Legislation), when commercial banks operating in Georgia are open and conduct their normal business.

  • The pro forma invoice must detail the following: • WWW purchase order number(s)• Pattern name, stock number, and quantity per stock number• Unit price • Total value of order to be shipped• Ex-factory date• FOB point• Information for Advising Bank and Beneficiary A sample of the required pro forma invoice format is shown on document FORMS - VCP 7.5.1.3.

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

  • It must be ensured that the Issuing and Advising Bank must be SFMS enabled.

  • The details of Advising Bank / Beneficiary Bank (i.e. IFSC Code & Branch address) have to be provided to the BG issuing Bank along with the application for the Application/Request for issuance of Bank Guarantee.At the time of application for issuance of a Bank Guarantee, the applicant has to furnish Beneficiary’s Bank Branch IFSC, Branch Name and address to the Issuing Bank.

  • All Advising Bank charges (if any) are for the account of the Beneficiary.


More Definitions of Advising Bank

Advising Bank means a “bank that advises the credit at the request of the issuing bank.”;
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Advising Bank means The Chase Manhattan Bank, N.
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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 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 bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • 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 2.24(b).

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

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • Exiting Lender see Section 2.17.7.

  • JPMCB means JPMorgan Chase Bank, N.A. and its successors.

  • 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.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Increasing Bank has the meaning specified in Section 2.6(a).

  • Designating Lender has the meaning specified in Section 8.07(h).

  • 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.

  • Lead Agent has the meaning given to it above;

  • 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 Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.

  • 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 means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.