Examples of Paying Bank in a sentence
Payment to the Supplier(s) Immediately after the proceeds of the Loan disbursed by JICA have been credited to the Loan Account, the Borrower shall cause the Paying Bank to make a cable advice to the Agent Bank.
The Borrower shall send, to the Paying Bank, Transfer Instruction for Type A accompanied by a copy of the Request for Disbursement and Claims for Payment.
A Reserve Bank charges the fees to the account maintained or used by the Paying Bank.
Immediately after the proceeds of the Loan disbursed by JICA has been credited to the Loan Account, the Borrower shall cause the Paying Bank to transfer the disbursed amount to the corresponding account(s) of the Supplier(s) as specified in the Claims for Payment.
In the case of a Type A Request for Disbursement, JICA shall, using the Online Transfer Instruction, make commercially reasonable efforts to cause the Paying Bank to transfer the disbursed amount without delay to the corresponding account(s) of the Supplier(s) registered with the System in advance pursuant to Section 8.02.