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 ...
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 ...
Define Indebtedness Payoff Letter. means a payoff letter, in form and substance reasonably satisfactory to Purchaser, which shall (i) indicate the total amount required to be paid to fully satisfy all principal, interest, prepayment premiums, penalties,
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 ...
Obviously, implementing this policy elsewhere would be a massive political undertaking. But my point is that we should start having the conversation. When people are regularly living past 90, what should the average retirement age be? Or rather than pushing back when people receive retirement benefi...
the dutch decided more than 10 years ago to gradually raise the retirement age. it will now automatically adjust as the country's life expectancy changes. 22 obviously, implementing this policy elsewhere would be a massive political undertaking. but my point is that w...
Elliott believes GSK has a substantial value creation opportunity - 45% upside in its share price - ahead of Consumer Health separation and greater beyond
In this case letter of credit act as a bank's direct undertaking to the supplier and bank guarantee is a written contract stating that if the buyer fails to make payment on time to seller then the bank as a guarantor would pay the entire debt to the seller. Both the financial ...
Higher education is a major financial 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 ...
In this case letter of credit act as a bank's direct undertaking to the supplier and bank guarantee is a written contract stating that if the buyer fails to make payment on time to seller then the bank as a guarantor would pay the entire debt to the seller. Both the financial ...