Demands and payments. Any demand made by the Bank to the Guarantor under this Guarantee Agreement (each, a "Demand") shall be made by way of a written notification addressed by the Bank to the Guarantor in form and substance set out in Schedule A (each a "Demand Notice"), sent in accordance with the provisions set forth in Article 1.3. (d) below, it being understood that: the Bank shall be under no obligation to provide the Guarantor with any additional document nor to support its claim with any other justification or evidence; and the payment obligation of the Guarantor under this Guarantee Agreement is not subject to the accuracy or the merit of any statement, declaration or information contained in any Demand Notice. The Guarantor shall make the payment requested in the Demand Notice within five (5) Business Days as from the date of receipt (included) of the relevant Notification (the "Payment Period") and in the currency as requested within the Demand Notice. The Bank is entitled to request the payment of any amount in one or several instalments, and to make several Demands under this Guarantee. The making of a Demand at any point in time does not preclude the Bank from making further Demands for payment of amounts determined in accordance with Article 1.2.
A Demand Notice must be in writing and may be made by registered letter with proof of receipt (lettre recommandée avec accusé de reception), hand delivery or electronic mail to the postal or email address specified in Article 1.3. (e) below. Any Demand Notice provided by electronic mail shall be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the parties), attached to the electronic mail. For the determination of the Payment Period, a Demand Notice shall be deemed to have been received by the Guarantor: if the Demand Notice is done in the form of a registered letter on the date of the proof of receipt (accusé de reception); if done by hand delivery on the date of the delivery; if sent by electronic mail, if effectively received by the Guarantor in one of the formats specified above; For the purposes of sending the Demand Notice, the address of the Guarantor shall be: Ministry of Finance 00 Xxxxx Xxxxxx Xxxxxx 11000 Belgrade Republic of Serbia E-mail address: xxxxxxx@xxxx.xxx.xx Copy to: xxxxxx@xxxxxxxx.xxx.xx The parties agree that any form of communication set out in paragraph (d) (including via electronic mail) constitutes admissible evidence in court and...
Demands and payments. (a) Any demand made by the Bank to the Guarantor under this Guarantee Agreement (each, a "Demand") shall be made by way of a written notification addressed by the Bank to the Guarantor in form and substance set out in Schedule A (each a "Demand Notice"), sent in accordance with the provisions set forth in Article 1.3. (d) below, it being understood that:
(i) the Bank shall be under no obligation to provide the Guarantor with any additional document nor to support its claim with any other justification or evidence; and (ii) the payment obligation of the Guarantor under this Guarantee Agreement is not subject to the accuracy or the merit of any statement, declaration or information contained in any Demand Notice.
(b) The Guarantor shall make the payment requested in the Demand Notice within five (5) Business Days as from the date of receipt (included) of the relevant Notification (the "Payment Period") and in the currency as requested within the Demand Notice.
(c) The Bank is entitled to request the payment of any amount in one or several instalments, and to make several Demands under this Guarantee. The making of a Demand at any point in time does not preclude the Bank from making further Demands for payment of amounts determined in accordance with Article 1.2.