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Common use of Immediately payable Clause in Contracts

Immediately payable. If a Bond or any amount outstanding under a Bond is expressed to be immediately payable, the Applicant shall repay or prepay that amount immediately.

Appears in 3 contracts

Sources: Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC), Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC), Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC)

Related Clauses

  • Timely Payment
  • Timely Payments
  • Early Payments
  • Early Payment
  • Late or Insufficient Payment

Parent Clauses

  • Letters of Credit
  • Documentary Credits
  • Bank Guarantees
  • Revaluation of Letters of Credit
  • Borrowers Liabilities in Relation to Letters of Credit
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