Irrevocable undertaking meaning
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 - incapable of being retracted or revoked; "firm and irrevocable is my doom"- Shakespeare irrevokable revocable , revokable - capable of being revoked or annulled; "a revocable order"
Irrevocable undertaking meaning
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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 ... WebIRREVOCABLE. 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 …
WebMar 15, 2024 · Undertaking Letter Meaning: An undertaking letter or a letter of undertaking is a formal document, but not necessarily a contract that provides assurance from one party to another to fulfill an obligation. It is mostly used from a business perspective, to fulfill some deeds or work for a business and in return, getting paid for it. 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 …
WebIrrevocable mortgage deed - Nepali translation, definition, meaning, synonyms, pronunciation, transcription, antonyms, examples. English - Nepali Translator. 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 …
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WebOct 20, 2024 · Irrevocable undertaking —shareholder—takeover offer The Directors [ insert offeror's name] ( [ Offeror ]) [ insert address] [ and] [ The Directors] [ [ insert name of financial adviser] (the Adviser) [ insert address]] [ insert date] Dear Directors Proposed offer for [ name of offeree] ( [ Offeree ]) port city bataWebSep 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. irish rosesWebThe receivable could be just something that arises under an invoice that is assigned to the debt purchaser. There could be a notice on the invoice to pay the financer with payment to a designated account. Where there is a supply chain financing that is ‘buyer-led’ then the buyer undertakes to pay approved invoices to whoever owns the receivable. port city bbq shreveportWebOn 15 February 2024, the Parties entered into the “Agreement on the Irrevocable Undertaking” (the Irrevocable Undertaking), where the Bidder inter alia undertakes to make a voluntary public takeover offer within the meaning of Section 29 para. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz ... irish roses onlineWebirrevocable adjective [ not gradable ] us / ɪˈrev·ə·kə·bəl, ˌɪr·ɪˈvoʊ·kə- / ( esp. of a decision) impossible to change: The court’s ruling is irrevocable. (Definition of irrevocable from the … port city barbers beard groomingWebIrrevocable Undertaking means an irrevocable undertaking granted by a Shareholder to accept the Offer in respect of the Shareholder ’s shareholding immediately following the … port city blue maineWebJun 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 … port city body shop pho phone number