Examples of Insurance Letter in a sentence
Notwithstanding the provisions of any Insurance Letter of Credit regarding automatic extension of its expiration date, Bank may, at its sole option, give notice to the beneficiary thereof in accordance with the terms of such Insurance Letter of Credit that Bank has elected not to renew such Insurance Letter of Credit beyond its current expiration date (or any other subsequent expiration date that may be agreed to by Bank at Bank’s sole discretion).
If Borrower does not at any time want any Insurance Letter of Credit to be renewed, Borrower will so notify Bank at least fifteen (15) calendar days before Bank is to notify the beneficiary thereof of such nonrenewal pursuant to the terms of such Insurance Letter of Credit.
All notices and other communications provided for hereunder shall be either (i) in writing (including telegraphic, telecopier or telex communication) and mailed, telegraphed, telecopied, telexed or otherwise delivered or (ii) by electronic mail (if electronic mail addresses are designated as provided below) confirmed immediately in writing, in the case of the Pledgee, addressed to the Insurance Letter of Credit Department, Citibank Europe Plc, 0 Xxxxx Xxxx Xxxx, XXXX, Xxxxxx 0, Xxxxxxx.
The Insurance Letter of Credit shall remain subject to the additional terms of the Letter of Credit Agreement, applications and any related documents required by Bank in connection with the issuance (and any renewal) thereof.
Borrower shall not be entitled to draw from such Static Cash Account or Insurance Letter of Credit.
Borrower shall provide Lender with written notice of any increases in the Insurance Premiums thirty (30) days prior to the effective date of any such increase and the Static Cash Account or the Insurance Letter of Credit, as applicable, shall be increased to an amount equal to fifty percent (50%) of such increased annual Insurance Premiums at least ten (10) days prior to such increase in the Insurance Premiums.
Borrowers shall provide Lender with notice of any increases in the annual payments for Taxes or Insurance Premiums not less than thirty (30) days prior to the effective date of any such increase and the Tax and Insurance Letter of Credit shall be increased by such increased amount at least ten (10) Business Days prior to the effective date of such increase.
Each drawing paid under the Insurance Letter of Credit shall be repaid by Borrower in accordance with the provisions of the Letter of Credit Agreement.
The following Documents is required and must be attached to this transport agreement: • Completed Transport Carriers Application • Copy Carriers Registration Documents • Copy of Owner / Director ID • Valid Certificate of Current Insurance {Letter of Good standing Insurance} • Valid Certificate of Current Tracking Company {Letter of Good standing Tracking} • SARS {Letter of Good Standing SARS} SIGNED and DATED at ……………………………………………………on this……………day of …………………20…...
On January 5, 2000, Delta also received approximately $34,000.00 from the sale of the shell of the Property and real estate.Lilly originally sued Delta in state court, asserting breach of contract, arising from Delta’s failure to properly give him notice of its purchase of insurance, and breach of fiduciary duty based on the Insurance Letter.