Deposit BIE Tendered Notes Sample Clauses
The 'Deposit BIE Tendered Notes' clause establishes the requirement for depositing certain financial instruments, specifically BIE Tendered Notes, as part of a transaction or agreement process. In practice, this clause typically outlines the procedures for delivering these notes to a designated depositary or escrow agent, specifying the timing, form, and conditions under which the notes must be tendered. By setting clear rules for the deposit of BIE Tendered Notes, the clause ensures that all parties fulfill their obligations in a timely and organized manner, thereby reducing the risk of disputes or delays in the transaction.
Deposit BIE Tendered Notes deposit the BIE Tendered Notes at the office of the Principal Agent, and as soon as practicable following receipt within such period the Principal Agent will, deliver to the Calculation Agent a notice confirming such receipt within such period;