Common use of Obligations of the Bank Clause in Contracts

Obligations of the Bank. 2.1 The Bank hereby undertakes to pay to the Beneficiary, upon Beneficiary’s first demand, any amount requested by the same from time to time up to the Maximum Guaranteed Amount, without any objection, set-off or counterclaim and notwithstanding any objections by the Company or by any third party, also whether raised in the context of any judicial proceeding relating to the Agreement, including, but not limited to, any objection in relation to the existence of the Beneficiary’s claim towards the Company under the Agreement.

Appears in 6 contracts

Samples: Subletting Agreement, Framework Agreement, Framework Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.