Common use of Banking Days Clause in Contracts

Banking Days. In the event that the said term is insufficient for the Bank to make a decision and unless otherwise provided by the Agreement and/or the Guarantee Notice, the Bank shall be entitled to extend the review period by an additional 20 (twenty) Banking Days under the immediate notice sent to the Beneficiary. If the Legislation provides for another term for review of the Bank Guarantee enforcement request, the prescribed term shall apply.

Appears in 9 contracts

Sources: Bank Guarantee Agreement, Bank Guarantee Agreement, Bank Guarantee Agreement