Bank Guarantee Commission definition
Examples of Bank Guarantee Commission in a sentence
Provisions with regard to the Infrastructure, Administration and Representation, Data and Voice Communication, Advertising and Publicity Budget, Remittance, Bank Guarantee, Commission, and Exclusivity are provided in detail in Schedule B attached to this Agreement.
Provisions with regard to the Staff, Infrastructure, Administration and Representation, Data and Voice Communication, Advertising and Publicity Budget, Remittance, Bank Guarantee, Commission, and Exclusivity are provided in detail in Schedule B attached to this Agreement.
The Bank Guarantee Commission with respect to each Bank Guarantee shall be distributed according to each Bank's Proportionate Share with respect to such Bank Guarantee.
Except as otherwise provided in this Agreement, interest, Bank Guarantee Commission, commitment commission and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed.
The Borrower shall, in respect of the Bank Guarantee requested by it, pay to the Bank a guarantee commission at the Bank Guarantee Commission Rate on the maximum principal amount of the EDB Loan guaranteed by the Bank under the Bank Guarantee (taking into account any prior repayments or prepayments under the EDB Loan).
However, after the Final Maturity Date, provided the obligations of the Borrowers pursuant to Clause 10.2 (Repayment of Bank Guarantees) have been complied with, Bank Guarantee Commission will be payable solely for the account of the Issuing Bank.
Each payment of Bank Guarantee Commission shall be made in the Base Currency.
Provisions with regard to the Staff, Infrastructure, Administration and Representation, Data and Voice Communication, Advertising and Publicity Budget, Remittance, Bank Guarantee, Commission, and Exclusivity are provided indetail in Schedule Battached to this Agreement.