Common use of Issuing Bank’s agreement Clause in Contracts

Issuing Bank’s agreement. (a) If the Company fails to satisfy any of its obligations under the Contract, the Beneficiary may request a payment [or payments] under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by [ ] p.m. ([London] time) on the Expiry Date.

Issuing Bank’s agreement. (a) If the Company fails to satisfy any of its obligations under the Contract, the The Beneficiary may request make a payment [or payments] demand under this Letter of Credit Bank Guarantee by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by [ ] p.m. ([London] time) on the Expiry Date.