Irrevocable undertaking meaning

Author: omqg

August undefined, 2024

WebThe corporate payment undertaking is intended, subject to relevant jurisdiction specific legal advice, to serve as a contractual mechanism (unconditional and irrevocable undertaking) … WebOn 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 ...

The Basic Concepts of a Guarantee - Trade Finance Global

WebThe 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. 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: cynthia ahmed

Irrevocable trust: Nepali translation, definition, meaning, synonyms …

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 ... Web/ˌʌndərˈteɪkɪŋ/ [countable] a task or project, especially one that is important and/or difficult synonym venture He is interested in buying the club as a commercial undertaking. In those days, the trip across country was a dangerous undertaking. the first joint undertaking of the two societies Oxford Collocations Dictionary Join us 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 ... cynthia ahern artist

IRREVOCABLE definition in the Cambridge English Dictionary

EX-10.3 - SEC

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 ]) WebNov 2, 2024 · In the paper IPUs are described as irrevocable (rather than independent ) payment undertakings. They are not to be replacements for promissory notes. The paper … cynthia ahwinonaWebSep 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. cynthia agustin

"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 … " - Irrevocable undertaking meaning

Irrevocable undertaking meaning

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. WebJun 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 …

Did you know?

Weblock-ups — irrevocable undertaking Also known as a lock up. A 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 if a higher offer… … Law dictionary lock-up — irrevocable undertaking Also known as a lock up.

WebIrrevocable undertakings. (a) The WMVL Shareholders Irrevocable Undertakings On 28 April 2024, each of the WMVL Shareholders has given an irrevocable undertaking in favor of … WebWhat does Irrevocable undertaking mean? In the context of an equity fundraising, a binding agreement given by a shareholder to vote in favour of a transaction and/or to subscribe …

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 … WebFeb 18, 2024 · An IIPU, at least in theory, is a promise to pay that is an independent obligation of the Buyer, separate and unrelated to the validity, enforceability, performance, or even the existence of the...

WebJun 24, 2024 · Unless otherwise stated in a SBLC, standby letters of credit are deemed: “irrevocable” meaning they cannot be changed or cancelled prior to its stated expiry date without the agreement of all parties. Example of a typical process flow for a SBLC SBLC issuance process – direct to beneficiary or utilizing an advising bank Benefits of using …

WebOct 20, 2024 · Irrevocable undertaking definition What does Irrevocable undertaking mean? In the context of an equity fundraising, a binding agreement given by a shareholder to vote … billy ohshedsWebThe 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 … cynthia age pokemonWebAug 24, 2024 · The term “irrevocable” implies that a guaranty may not be rescinded by a guarantor. Its usage in guaranties is thought to be derived from the convention governing … billyoh plastic shedsWebIrrevocable trust - Nepali translation, definition, meaning, synonyms, pronunciation, transcription, antonyms, examples. English - Nepali Translator. cynthia agnew oklahomaWebirrevocable. adjective. That cannot be revoked or undone: irreversible, unalterable. Idiom: beyond recall. The American Heritage® Roget's Thesaurus. Copyright © 2013, 2014 by … cynthia agyemanWebMay 20, 2024 · Irrevocable reimbursement is one of the basic documentary products of IBEC. Terms of provision Tariffs Process schemes Apply for financing Ask a question IBEC reimbursement undertakings are issued on behalf of the issuing banks under letters of credit opened in favor of confirming / executing and financing banks. Product features … cynthia a. hedge attorney michigan cityWebIRREVOCABLE. 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 … billyoh sheds worksop