Bills of exchange. None of the Originators or the Servicers shall draw any xxxx of exchange in connection with a relevant Purchased Receivable, nor demand or receive from any Obligor, or otherwise permit the creation by any Obligor of, any promissory note or any other instrument for which the applicable law requires additional formalities for the transfer in connection with a relevant Purchased Receivable, except if such bills of exchange, promissory notes or other instrument have been delivered simultaneously with their creation to the relevant Servicer to allow it to collect their payment at maturity. Upon the occurrence of a Credit Enhancement Event, the relevant Servicer shall ensure that all outstanding bills of exchange and promissory notes are endorsed to the Purchaser on behalf and at the expenses of the relevant Originator.
Bills of exchange. Upon request of a New Lender, the Borrower shall accept bills of exchange issued by the New Lenders in the amount and number required for the OeKB Refinancing. Upon such acceptance by the Borrower, the Agent shall use reasonable efforts that OeKB invalidates the bills of exchange issued by the Existing Lender replaced by the New Lender. Upon return of bills of exchange invalidated by OeKB to the Finance Parties, such bills of exchange shall be returned to the Borrower.
Bills of exchange. Time Drafts- Bills of exchange or time drafts drawn on and accepted by commercial banks, otherwise known as banker's acceptances. Purchase of banker's acceptances may not exceed 180 days maturity or 40% of the cost value of the portfolio. Furthermore, no more than 30% of the cost value of the portfolio may be invested in the banker's acceptances of any one commercial bank.
Bills of exchange. Bank and bankers' acceptance and other bills of exchange of the kind and maturities made eligible by law for purchase in the open market by federal reserve banks. Bonds Secured by Mortgage or Deed on US Property. Bonds or other debt secured by first mortgages or deeds of trust on unencumbered fee-simple or improved leasehold real property located in the United States and otherwise meeting the requirements of Section 5-608(j). Except as otherwise provided in Section 5-608, an insurer may not invest in or loan on the security of any one property more than the greater of $25,000 or 2% of its total admitted assets. The total investments of an insurer under this paragraph may not exceed 40% of its total admitted assets. Bonds Secured by Mortgages Guaranteed by the US. Xxxxx, notes or other debt secured by mortgages or deeds of trust that are guaranteed or insured by an instrumentality of the United States under the National Housing Act, Xxxxxxxxxx's Readjustment Act of 1944, or Xxxxxxxx-Xxxxx Farm Tenant Act. Stock or Debentures of Housing Authority. Stock or debentures or both of a housing authority organized under the housing law of Maryland, to the extent and on the conditions that the Commissioner authorizes, if all of the stock of the housing authority has been or will be issued to one or more insurers. Investments in Savings and Loan Association. Shares or deposits in a savings and loan association or building and loan association to the extent that the investment or account is insured by the Federal Deposit Insurance Corporation.
Bills of exchange. Bills of Exchange of the Borrower pursuant to Section 2.05 of this Article shall be issued in the form issued by the Banks' Association of Slovenia and the power of authority for completion shall be issued in form and substance set forth in Schedule No. 2. The Borrower shall immediately upon request of the Agent replace or reissue bills of exchange, which have been used in accordance with the power of authority for completion or were destroyed. Each of the Banks by signing this agreement authorises and orders the Agent to safe-keep the bills of exchange for the account of all Banks and to cash-in (in its own name and on behalf of the Banks) in accordance with the power of authority for completion, the bills of exchange to the debit of money funds of the Borrower kept with whichever bank or other institution authorised to perform payments in SIT or in foreign currency in the Republic of Slovenia and to apply such funds in accordance with the provisions of Article V hereof. If such funds are in foreign currency, the exchange rate used by the Agent for purchase of foreign exchange from legal entities, shall be applied for calculation of tolars.
Bills of exchange a) If the CLIENT, in its Terms of Payment, provides the acceptance of a xxxx of exchange or if COMFIN sets the acceptance of a xxxx of exchange by the Debtor as a condition for a Credit Decision pursuant to Article 6.2 i), it is the CLIENT’s duty to create the xxxx of exchange and have it accepted.
Bills of exchange. Article 17.3: The Bank shall not be held liable in case of a payment prohibition on a bill of exchange.
Bills of exchange cheques and other papers HBL shall be entitled to charge back discounted or credited unpaid bills of ex- change, cheques and other papers. Nevertheless, it shall retain its claims under the law on bills of exchange, cheques or other papers for payment of the full amount of the bills of exchange, cheques and other papers with ancillary claims, namely against any party obligated under the bill of exchange, cheque or other paper until settlement of any existing debt balance.
