Advising Bank Sample Clauses

Advising Bank a banking institution specified in the Bank Guarantee Agreement providing service to the Beneficiary and/or a banking institution based in the Beneficiary’s country, which in case of receiving the Guarantee Notice from the Bank establishes its authenticity and ensures provision of information about opening the Bank Guarantee to the Beneficiary.
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Advising Bank. (Specify if known) _________________________________________ Request Advising Bank to add their confirmation _________________________________________ Advising Bank’s charges are for the account of: _________________________________________ Beneficiary Account Party SWIFT Address ___________________________
Sample 1
Advising Bank. Deutsche Bank S.A. — Banco Alemão (“Advising Bank”) Address: UA Xxxxxxxxx Xxxxx, 2200 — 2º Andar 04717-910 — São Paulo — SP — Brazil Attention: Xxxxxxxx Nantes Swift: Deutbrspspo Telex: 11 53251 or 11 53256 At the request and on behalf of Applicant, we hereby establish our irrevocable standby letter of credit no. (insert number) effective on 2007 in favour of Beneficiary in the maximum amount of USD ***** (the “Maximum Amount”). Effective immediately and expiring at the close of business on ***** (the “Expiry Date”) at the counters of the Advising Bank. We hereby undertake that the payment in settlement of claims lodged with us in accordance with the terms and conditions of this Standby Letter of Credit, shall be effected 5 (five) business days after receipt by us of such claim, by Wire Transfer in immediately available funds to the Beneficiary’s account at its designated bank. Payments under this Standby Letter of Credit shall be made by us to the order of the Beneficiary upon receipt of a Demand letter in the form attached as a schedule to this Standby Letter of Credit , signed by the Chief Executive Officer or the Director, Gas & Energy, of the Beneficiary, presented to us on or before the Expiry Date by swift message authenticated by the Advising Bank with the original Demand letter delivered to us by courier. Multiple or partial drawings are permitted under this Standby Letter of Credit. The amount of any drawing under this Standby Letter of Credit shall not exceed the Maximum Amount and each such drawing shall reduce the Maximum Amount by an amount corresponding to such drawing. Notwithstanding the terms of ISP98 (as defined below), any failure by you to make any one or a number of scheduled or permitted drawings hereunder will not waive or prejudice your right to make future drawings. Payment details: if payment falls due on a Sunday or Monday bank holiday in New York City and/or London, payment shall be made on the following first New York City and London banking day. If payment falls due on a Saturday or any New York City and/or London bank holiday other than a Monday, then payment is to be made on the immediate preceding New York City and London banking day. Any payment made hereunder shall be made free and clear of and without deduction for or on account of present or future taxes, levies, imposts, duties, charges, fees, deductions or withholding of any nature whatsoever and by whomsoever imposed. All bank charges including issuing, reimbursing ...
Sample 1
Advising Bank. 5. In favor of (Beneficiary Name and Address):
Sample 1
Advising Bank. If the beneficiary has specified the name and address of their bank, enter it here (please include the city and country).
Sample 1
Advising Bank. 4. In favor of (Beneficiary Name and Address): ___________________________________________________________ ___________________________________________________________________ ___________________________________________________________ ___________________________________________________________________ ___________________________________________________________ ___________________________________________________________________
Sample 1
Advising Bank. Optional (If blank, issuer will select its branch or affiliate or correspondent in the domicile of the beneficiary): o At sight. o By deferred payment at: o By acceptance of drafts at:
Sample 1
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Advising Bank enter the name and address of your beneficiary’s choice of advising bank. • If no bank is designated, GE Capital Trade Services, Ltd. will choose a bank for you from our global network of correspondent banks. • If the bank named is not a correspondent of GE Capital Trade Services, Ltd., we will advise the Letter of Credit through one of our correspondents in that country, and request them to further advise the beneficiary’s bank.
Sample 1

Related to Advising Bank

  • The Agent Each of the Lenders hereby irrevocably appoints the Agent as its agent and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. In the event the institution serving as the Agent hereunder shall also be a Lender, it shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent, and such institution and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Level 3, the Borrower or any Subsidiary or Affiliate thereof as if it were not the Agent hereunder. The Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Agent is required to exercise in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and shall not have any duty to take any action or exercise any powers that would result in the incurrence by it of costs or expenses unless arrangements satisfactory to it to ensure the prompt payment of all such costs or expenses shall have been made by the Lenders, and (c) except as expressly set forth in the Loan Documents, the Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Xxxxx 0, the Borrower or any of the Subsidiaries of Level 3 that is communicated to or obtained by the institution serving as Agent or any of its Affiliates in any capacity. The Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Agent by Xxxxx 0, the Borrower or a Lender, and the Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Agent. As to any matters not expressly provided for by this Agreement and the other Loan Documents (including enforcement or collection), the Administrative Agent and the Collateral Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Requisite Lenders, and such instructions shall be binding upon all Lenders, provided, however, that the Administrative Agent and the Collateral Agent shall not be required to take any action that (i) the Administrative Agent or the Collateral Agent in good faith believes exposes it to personal liability unless it receives an indemnification satisfactory to it from the Lenders with respect to such action or (ii) is contrary to this Agreement or applicable law. The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Agent may consult with legal counsel (who may be counsel for Level 3 or the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. The Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Agent. Subject to the appointment and acceptance of a successor as provided in this paragraph, the Agent may resign at any time by notifying the Lenders and Level 3. Upon any such resignation, the Required Lenders shall have the right, with, so long as no Default or Event of Default shall have occurred and be continuing, the consent of Level 3 (which consent shall not be unreasonably withheld or delayed) to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent which shall be a Lender or a bank with an office in New York, New York, or an Affiliate of such Lender or any such bank. Upon the acceptance of its appointment as Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations hereunder. The fees payable by Level 3 and the Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed with such successor. After the Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Agent. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder.

  • Account Party The Borrower hereby authorizes and directs any Letter of Credit Issuer to name the Borrower as the “Account Party” in the Letters of Credit and to deliver to the Agent all instruments, documents and other writings and property received by the applicable Letter of Credit Issuer pursuant to the Letters of Credit, and to accept and rely upon the Agent’s instructions and agreements with respect to all matters arising in connection with the Letters of Credit or the applications therefor.

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