Advising Bank a banking institution specified in the Bank Guarantee Agreement providing service to the Beneficiary and/or a banking institution based in the Beneficiary’s country, which in case of receiving the Guarantee Notice from the Bank establishes its authenticity and ensures provision of information about opening the Bank Guarantee to the Beneficiary.
Advising Bank. Deutsche Bank S.A. — Banco Alemão (“Advising Bank”) Address: UA Xxxxxxxxx Xxxxx, 2200 — 2º Andar 04717-910 — São Paulo — SP — Brazil Attention: Xxxxxxxx Nantes Swift: Deutbrspspo Telex: 11 53251 or 11 53256 At the request and on behalf of Applicant, we hereby establish our irrevocable standby letter of credit no. (insert number) effective on 2007 in favour of Beneficiary in the maximum amount of USD ***** (the “Maximum Amount”). Effective immediately and expiring at the close of business on ***** (the “Expiry Date”) at the counters of the Advising Bank. We hereby undertake that the payment in settlement of claims lodged with us in accordance with the terms and conditions of this Standby Letter of Credit, shall be effected 5 (five) business days after receipt by us of such claim, by Wire Transfer in immediately available funds to the Beneficiary’s account at its designated bank. Payments under this Standby Letter of Credit shall be made by us to the order of the Beneficiary upon receipt of a Demand letter in the form attached as a schedule to this Standby Letter of Credit , signed by the Chief Executive Officer or the Director, Gas & Energy, of the Beneficiary, presented to us on or before the Expiry Date by swift message authenticated by the Advising Bank with the original Demand letter delivered to us by courier. Multiple or partial drawings are permitted under this Standby Letter of Credit. The amount of any drawing under this Standby Letter of Credit shall not exceed the Maximum Amount and each such drawing shall reduce the Maximum Amount by an amount corresponding to such drawing. Notwithstanding the terms of ISP98 (as defined below), any failure by you to make any one or a number of scheduled or permitted drawings hereunder will not waive or prejudice your right to make future drawings. Payment details: if payment falls due on a Sunday or Monday bank holiday in New York City and/or London, payment shall be made on the following first New York City and London banking day. If payment falls due on a Saturday or any New York City and/or London bank holiday other than a Monday, then payment is to be made on the immediate preceding New York City and London banking day. Any payment made hereunder shall be made free and clear of and without deduction for or on account of present or future taxes, levies, imposts, duties, charges, fees, deductions or withholding of any nature whatsoever and by whomsoever imposed. All bank charges including issuing, reimbursing ...
Advising Bank enter the name and address of your beneficiary’s choice of advising bank. • If no bank is designated, GE Capital Trade Services, Ltd. will choose a bank for you from our global network of correspondent banks. • If the bank named is not a correspondent of GE Capital Trade Services, Ltd., we will advise the Letter of Credit through one of our correspondents in that country, and request them to further advise the beneficiary’s bank.
Advising Bank. (Specify if known) _________________________________________ Request Advising Bank to add their confirmation _________________________________________ Advising Bank’s charges are for the account of: _________________________________________ Beneficiary Account Party SWIFT Address ___________________________
Advising Bank. 4. In favor of (Beneficiary Name and Address): ___________________________________________________________ ___________________________________________________________________ ___________________________________________________________ ___________________________________________________________________ ___________________________________________________________ ___________________________________________________________________
Advising Bank. Optional (If blank, issuer will select its branch or affiliate or correspondent in the domicile of the beneficiary): o At sight. o By deferred payment at: o By acceptance of drafts at:
Advising Bank. If the beneficiary has specified the name and address of their bank, enter it here (please include the city and country).
Advising Bank. 5. In favor of (Beneficiary Name and Address):
