Primary obligation (Primary Obligation), also called independent payment (Independent Undertaking of Payment), which is the guarantors obligations independent of the client in the transaction under the contract obligations. The guarantor shall pay the beneficiarys claim as long as the payment term ...
similar to a bill of exchange drawn on the foreign merchant. The payment of the money by the person on whom the letter is granted raises a debt, or goes into account between him and the writer of the letter; but raises no debt to the person who pays on the letter, against him to ...
The growth and prosperity generating power of the capital markets will remain a dominant economic trend. Click here to read why.
While going all out to serve enterprises and the public, the Bank made its contribution to the "anti-counterfeit undertaking" and effectively raised the anti-counterfeit awareness among the general public. As at the end of the year, the Bank confiscated 6,939 counterfeit RMB banknotes, a ...
（OntheLetter-HeadoftheCompany） (On the Letter-Head of the Company) Letter of Intent cum Master Creation Form Kindly ensure that all the columns are properly filled. Write “N.A.” wherever not applicable. Fill up the To,The Managing Director Central Depository Services (India) Limited ...
Chapter8.LetterofGuarantee 1.Definition,partiesofguarantee.2.Contentsandprocedureofguarantee.3.Maintypesofguarantee.h 1 8.1.1Definition（银行保函的含义）Abankguaranteeisawrittenpromiseissuedbyabankattherequestofitscustomer,undertakingtomakepaymenttothebeneficiarywithinthelimitsofastatedsumofmoneyintheeventof...
undertaking, and financial aid is necessary for most students. The Free Application for Federal Student Aid (FAFSA) is the first step to creating a plan to pay for your or your child's education. The award letter lets students and parents know how much aid they may be eligible for. ...
Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project; Capitalized Lease Obligation means an obligation under a lease that is required to be capitalized for financial reporting purposes ...
Each Bank’s Letter of Credit Commitment shall also be reduced by the amount of any payment of outstandingLetter of Credit Loansprior to the date upon which payment thereof is due. The Administrative Agent shall use the Credit-Linked Deposits (i) to fund the SyntheticLetter of Credit Loanson...
(b)Toenterintoany guarantee, contract or indemnity or surety and in particular (without prejudice or secure, with or without consideration, whether by personal obligation or by mortgaging or charging all or any part of the undertaking, property and assets (present and future) and uncalled capital...