Common use of Immediately payable Clause in Contracts

Immediately payable. If a Letter of Credit or Bank Guarantee or any amount outstanding under a Letter of Credit or Bank Guarantee is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 8 contracts

Samples: Facility Agreement (Rockwood Holdings, Inc.), Facility Agreement (Rockwood Specialties Group Inc), Agreement (Rockwood Holdings, Inc.)

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Immediately payable. If a Letter of Credit or Bank Guarantee or any amount outstanding under a Letter of Credit or Bank Guarantee is expressed to be becomes immediately payablepayable under this Agreement, the Borrower that requested the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 6 contracts

Samples: Agreement (Signet Jewelers LTD), Restatement Agreement (Mittal Steel Co N.V.), Facility Agreement (WABCO Holdings Inc.)

Immediately payable. If a Letter of Credit or Bank Guarantee or any amount outstanding under a Letter of Credit or Bank Guarantee is expressed to be immediately payable, the Borrower that requested (or on behalf of which the Company requested) the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 6 contracts

Samples: Facilities Agreement (ShangPharma Corp), Facilities Agreement (Manchester United Ltd.), Facilities Agreement (NDS Group PLC)

Immediately payable. If a Letter of Credit or Bank Guarantee or any amount outstanding under a Letter of Credit or Bank Guarantee is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 5 contracts

Samples: Facility Agreement (Platinum Underwriters Holdings LTD), Facilities Agreement (Melco Crown Entertainment LTD), Assignment Agreement (Platinum Underwriters Holdings LTD)

Immediately payable. If a Letter of Credit or Bank Guarantee or any amount outstanding under a Letter of Credit or Bank Guarantee is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 3 contracts

Samples: Credit Facility Agreement (Mercer International Inc.), Agreement (Mercer International Inc), Agreement (Mercer International Inc.)

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Immediately payable. If a Letter of Credit or Bank Guarantee or any amount outstanding under a Letter of Credit or Bank Guarantee is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 2 contracts

Samples: Cascal Facility Agreement (Cascal N.V.), Facility Agreement (Cascal B.V.)

Immediately payable. If a Letter of Credit or Bank Guarantee or any amount outstanding under a Letter of Credit or Bank Guarantee is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 2 contracts

Samples: Facilities Agreement (Sirona Dental Systems, Inc.), Facilities Agreement (Sirona Dental Systems, Inc.)

Immediately payable. If a Letter of Credit or the Bank Guarantee or any amount outstanding under a Letter of Credit or the Bank Guarantee is expressed to be immediately payablepayable or a cash deposit is expressed to be payable under the Bank Guarantee, the relevant Borrower that requested the issue of that Letter of Credit or Bank Guarantee shall repay or prepay that amount immediately.

Appears in 1 contract

Samples: Facilities Agreement (Borse Dubai LTD)

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