Common use of Designated Bank Clause in Contracts

Designated Bank. Each Party shall designate a bank in a location reasonably acceptable to the other Party for payments under this Agreement, not less than thirty (30) Days before any designation or redesignation is to be effective.

Appears in 4 contracts

Samples: LNG Sale and Purchase Agreement (Tellurian Inc. /De/), LNG Sale and Purchase Agreement (Tellurian Inc. /De/), LNG Sale and Purchase Agreement (Tellurian Inc. /De/)

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Designated Bank. Each Party shall designate a bank in a location reasonably acceptable to the other Party for payments under this Agreement, . A Party shall designate its bank by notice to the other Party initially not later than ten (10) Days prior to the date first payment under this Agreement is due to such Party and thereafter not less than thirty ten (3010) Days before any designation or redesignation is to be effective.

Appears in 3 contracts

Samples: Shipping Services Agreement (Cheniere Corpus Christi Holdings, LLC), Shipping Services Agreement (Cheniere Corpus Christi Holdings, LLC), Shipping Services Agreement (Cheniere Corpus Christi Holdings, LLC)

Designated Bank. Each Party shall designate a bank in a location reasonably acceptable to the other Party for payments under this Agreement. Initially a Party shall designate its bank by notice to the other Party prior to the later of (a) the date thirty (30) Days after the Effective Date and (b) the Date of Substantial Completion of Plant 1, and thereafter not less than thirty (30) Days before any designation or redesignation is to be effective.

Appears in 2 contracts

Samples: LNG Sale and Purchase Agreement (Tellurian Inc. /De/), Equity Capital Contribution Agreement (Tellurian Inc. /De/)

Designated Bank. Each Party shall designate a bank in a location reasonably acceptable to the other Party for payments under this Agreement, . A Party shall designate its bank by notice to the other Party initially not later than one hundred twenty (120) Days prior to the T1 DFCD and thereafter not less than thirty (30) Days before any designation or redesignation is to be effective.

Appears in 1 contract

Samples: LNG Sale and Purchase Agreement (Cheniere Energy Inc)

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Designated Bank. Each Party shall designate a bank in a location reasonably acceptable to the other Party for payments under this Agreement, . A Party shall designate its bank by notice to the other Party initially not later than one hundred twenty (120) Days before the Commercial Start Date and thereafter not less than thirty (30) Days before any designation or redesignation is to be effective.

Appears in 1 contract

Samples: LNG Fuel Supply Agreement (Hawaiian Electric Co Inc)

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