Drafts. This Agreement shall not be binding or effective until properly executed and delivered by all of the Transferor Partners and the BRI Partnership. The delivery by the BRI Partnership to the Transferor Partners of an executed counterpart of this Agreement shall constitute an offer which may be accepted by the delivery to the BRI Partnership of a duly executed counterpart of this Agreement and the satisfaction of all conditions under which such offer is made, but such offer may be revoked by the BRI Partnership by written notice given at any time prior to such acceptance and satisfaction.
Drafts. This Agreement shall not be binding or effective until properly executed and delivered by both Seller and Buyer. The delivery by Buyer to Seller of an executed counterpart of this Agreement shall constitute an offer which may be accepted by the delivery to Buyer of a duly executed counterpart of this Agreement and the satisfaction of all conditions under which such offer is made, but such offer may be revoked by Buyer by written notice given at any time prior to such acceptance and satisfaction.
Drafts. No inference shall be drawn from the modification or deletion of versions of the provisions of this Lease contained in any drafts exchanged between the parties before execution of the final version of this Lease that would be inconsistent in any way with the construction or interpretation that would be appropriate if the prior drafts had never existed.
Drafts. This Agreement shall not be binding or effective until properly executed and delivered by both Seller and Buyer.
Drafts that, where a document has been examined by us in draft or specimen form, it will be or has been duly executed in the form of that draft or specimen;
Drafts. The President, any Vice President, the Treasurer, any Assistant Treasurer, and such other persons as the Board shall determine shall issue all checks, drafts and other orders for the payment of money, notes and other evidences of indebtedness issued in the name of or payable by the Company.
Drafts. When you write a draft, it is processed through the Federal Reserve System. We receive data files of cashed drafts from the Federal Reserve each day. The drafts drawn on your account are compiled from these data files and paid each day. We process the payments in the order contained in the data file.
Drafts. If drawn under and in compliance with the terms of this Letter of Credit will be duly honored on due presentation and delivery of documents as specified to [insert issuing bank name and address] on or before [insert expiration date]. This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (2007 Revision), ICC Publication No. 600 or any updates, revisions, amendments, additions or replacements thereof (the "UCP") and, as to matters not governed by the UCP, the laws of the State of New York, including the UCC. This Letter of Credit sets forth in full the terms of our undertaking and such undertaking shall not in any way be modified, amended, or amplified by reference to any documents, instruments, or agreements referred to herein, or in which the Letter of Credit is referred to or to which this Letter of Credit relates and any such reference shall not be deemed to incorporate herein by reference any such documents, instruments, and agreements. [bank] Authorized Signature Authorized Signature Revised May 2010 *** End of EXHIBIT N ***
Drafts. Lender may make credit line drafts ('Drafts') available to Borrower as one means of making Advances under Loan Facility A (Loan). Borrower agrees that Borrower will only write Drafts prior to the Maturity Date and within the Maximum Principal Balance of the Loan for an approved Loan purpose and so long as there is no Event of Default under the Loan Documents or that there is no event that Borrower knows of that will ripen into an Event of Default. Borrower understands and agrees that any Draft written prior to the Maturity Date will be considered to be an Advance under the Loan and will be fully due and payable under the terms and conditions of the Loan and Loan Documents. Lender will honor Drafts presented to Lender for payment under the terms and conditions described herein unless Lender is notified otherwise by Borrower. Lender may refuse payment on all Drafts that do not meet the terms and conditions concerning Drafts contained herein or the Loan Documents. Provided, however, notwithstanding anything to the contrary herein or in the Loan Documents, in the event of any Event of Default or in the event of any Material Adverse Effect, as Lender may determine, Lender may upon prior notice to Borrower, terminate any right of Borrower to use Drafts on this Loan and refuse payment of all Drafts. Lender also retains the right to make changes to the procedures governing the use of Drafts at any time. Lender is not obligated to inquire whether Borrower(s) have issued specific directions for any particular Draft or to determine whether Borrower(s) have received the benefit of the proceeds of any particular Draft before honoring such a Draft. Lender reserves the right to revoke all future Draft privileges without notice to Borrower(s) in the event of an overdraft and the right to reject Drafts that are not written for purposes specified in the loan documents or pursuant to these terms and conditions. Borrower(s) are responsible for all advances obtained via Drafts signed by any person Borrower(s) allow to use such Drafts, even if such Drafts are for more than Borrower(s) intended. Borrower(s) agree to immediately notify Lender in the event one or more Drafts are lost, stolen, destroyed or otherwise misused and to indemnify Lender and hold Lender harmless from any loss or claim if any Draft is lost, stolen, forged, altered or otherwise misused if Lender did not have notice of the same at least one Business Day prior to honoring such Draft.
Drafts. To enable the Alternative Currency Lender to extend Canadian BA Borrowings in the manner specified in this Section 2.5, the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, shall supply the Alternative Currency Lender with such number of Drafts as the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, may reasonably request, duly endorsed and executed by the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, by any one or more of its officers. The Alternative Currency Lender shall exercise such care in the custody and safekeeping of Drafts as it would exercise in the custody and safekeeping of similar property owned by it. The Alternative Currency Lender, upon request of the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, will promptly advise the Domestic Borrower of the number and designations, if any, of the uncompleted Drafts then held by it. The signatures of such officers may be mechanically reproduced in facsimile and Drafts and Acceptances bearing such facsimile signatures shall be binding upon the Domestic Borrower or the Canadian Borrower, as applicable, as if they had been manually signed by such officers. Notwithstanding that any of the individuals whose manual or facsimile signatures appear on any draft as one of such officers may no longer hold office as of the date thereof or as of the date of acceptance of a Draft by the Alternative Currency Lender or at any time hereafter, any Draft so signed shall be valid and binding on the Domestic Borrower or the Canadian Borrower, as applicable,.
