Irrevocable undertaking meaning
WebSep 2, 2015 · Irrevocable. Revocable undertakings A revocable undertaking is a promise or pledge that may be retracted at any time by the person who has provided it. However, when the undertaking is revoked, there is a risk being litigation and the potential allocation of costs being granted against the party who revoked the undertaking. WebThe usual practice in such cases is to give an irrevocable undertaking to establish guarantees at the lender's request. EurLex-2 An irrevocable undertaking does not offer …
Irrevocable undertaking meaning
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Webirrevocable meaning: 1. impossible to change: 2. impossible to change: 3. (esp. of a decision) impossible to change: . Learn more. Webundertaking (the “Undertaking”) sets out the terms and conditions on which we will accept the Offer when it is made. In this Undertaking: “ 2014 Final Dividend ” has the meaning given to it in the Announcement; “ Acceptance Condition ” means the acceptance condition to the Offer as set out in paragraph 1(a) of Appendix 1 to the ...
WebIt is irrevocable undertaking meaning, if the beneficiary complies to the terms of the LC, the issuing bank is bound to pay. Suppose there is a dispute between buyer and seller over quality of goods and seller has presented complying documents to issuing bank, buyer cannot stop issuing bank from making payment and the dispute needs to be ... WebIrrevocable Undertaking and Direction means an undertaking and direction executed by the Borrower in favour of the Lender, in form and content satisfactory to the Lender, acting …
WebMay 27, 2024 · A documentary credit is an irrevocable undertaking issued by a bank named (issuing bank) that undertakes to make payment to a seller named (the beneficiary), provided that a complying presentation is made. ‘UCP 600’ The rules governing documentary credits define ‘credit’ as follows: WebDeed of irrevocable undertaking relating to the strategic combination of the businesses of Laguna and Ortho Clinical Diagnostics Holdings plc (“Orca”) ... specified Person, including any partner, officer, director or member of the specified Person. For the purposes of this definition, “control” (including, with its correlative meanings ...
WebA Guarantee is irrevocable, meaning that once issued it cannot be amended nor cancelled during its validity period without the consent of the parties, i.e. the Guarantor and/or the …
WebIrrevocable mortgage deed - Nepali translation, definition, meaning, synonyms, pronunciation, transcription, antonyms, examples. English - Nepali Translator. baterias de 20000mahWebIrrevocable undertaking: secondary issues. A form of irrevocable undertaking for use by either large shareholders or directors in connection with a rights issue (or, with appropriate amendments, other secondary issue). An irrevocable undertaking will generally be addressed to both the company and the sponsor. baterias de 12v 88ahWebIRREVOCABLE. That which cannot be revoked. 2. A will may at all times be revoked by the same person who made it, he having a disposing mind; but the moment the testator is … baterias de 200ahWebIrrevocable definition, not to be revoked or recalled; unable to be repealed or annulled; unalterable: an irrevocable decree. See more. teams hr prijavaWebIrrevocable undertaking. Also known as an irrevocable commitment or a lock-up. A binding agreement by a target shareholder to accept a takeover offer or vote in favour of a … baterias de 1wWebA binding agreement by a target shareholder to accept a takeover offer. An irrevocable undertaking may be either hard (binding in all circumstances), soft (ceases to be binding … baterias de 12v 7ahWebJun 4, 2024 · “ Reimbursement Undertaking ” means a separate irrevocable undertaking of the reimbursing bank, issued upon the authorization or request of the issuing bank, to the claiming bank named in the reimbursement authorization, to honour that bank’s reimbursement claim, provided the terms and conditions of the reimbursement … team six jiu-jitsu instagram