40. As regards the beneficiary, the process of demanding and obtaining payment involves presenting a demand for payment and any accompanying documents in accordance with the terms of the undertaking.

Once issued, the undertaking is available for payment in accordance with its terms and is irrevocable.

terms of delivery and payment

Consequential amendment owing to proposed amendments of articles 21(b) and 32(a) of Regulations. ANNEX XV

A counter guarantee is defined in the Convention (article 6(c)) in the same essential terms as the basic notion of quot undertaking quot , namely, as an undertaking given to the guarantor issuer of another undertaking by its instructing party and providing for payment upon simple demand or upon demand accompanied by other documents, in conformity with the terms and any documentary conditions of the undertaking (counter guarantee).

Corrections to award amounts 20 22 10 Notes 13 GE.97 62139

We create mortgage terms that we can't actually deal with.

Payment of money is not an appropriate positive measure of protection, deemed to be required by article 2, paragraph 2.

44. If a decision is taken not to pay, the guarantor issuer is required to promptly so notify the beneficiary, indicating the grounds therefor (article 16(2)).

2. A right securing payment of the assigned receivable is transferred under paragraph 1 of this article notwithstanding any agreement between the assignor and the debtor or other person granting that right, limiting in any way the assignor's right to assign the receivable or the right securing payment of the assigned receivable.

The place of presentation is at the counters of the guarantor issuer at the place of issuance, unless some other place or person is stipulated for payment purposes (article 15(2)).

As indicated above, a decision was taken at this session to modify the payment mechanism and the priority of payment of outstanding claims.

(a) Contrary to the terms of payment, which required payment in instalments, the entire value of the contract, 238,856, was paid to the contractor in advance in one instalment in December 1994, including the charges for maintenance, which was to begin after one year of module functionality testing.

Saving clause

Safeguard clauses

Article 7 (c) could read

The Board decided to recommend to the General Assembly amendment of article 45 of the Regulations of the Fund, to provide for a payment facility in respect of former spouses.

6. With regards to the constitutional provisions recognizing the rights protected by the Covenant, the addition of article 75, paragraph 22, to the Constitution was an amendment of fundamental significance.

A confirmation gives the beneficiary an option of demanding payment from the confirmer as an alternative to demanding payment from the guarantor issuer.

5.2.2 Women in administration

VII. SAVING CLAUSE

Payment of the fine is an essential condition for release in the absence of payment, detention is prolonged indefinitely.

Some of the amended articles are presented below

Article 3, paragraph 1, shall be amended to read as follows

Revised provisions on electronic commerce

Proposal to amend Article 4.3

16. The Convention does not apply to quot accessory quot or quot conditional quot guarantees, i.e., guarantees in which the payment obligation of the guarantor involves more than the mere examination of a documentary demand for payment.

Therefore, no issue arises with regard to article 5, paragraph 2 (a) of the Optional Protocol as modified by the State party's reservation to this provision.

(b) A right securing payment of the assigned receivable may be transferred notwithstanding any agreement between the assignor and the account debtor or other person granting that right, limiting in any way the assignor's right to assign the receivable or the right securing payment of the assigned receivable

(b) Possession of the original text of the independent undertaking if presentation of it is a condition to payment

Present paragraph 3 should be retained and renumbered as paragraph 4.

1 4 Reservations

Created by Decree No.

(a) Article 3, paragraph 1, shall be amended to read as follows

(b) Article 3, paragraph 2, shall be amended to read as follows

Consequently, paragraph 1 of article 8 was modified to read as follows

16. Project expenditure reflects the amounts obligated according to the terms and conditions specified in Financial Rule 8.

If the demand is determined to be conforming, payment is to be made promptly, or at any later time stipulated in the undertaking.

He asked which of the income sections referred to in the Secretary General s report included the proceeds from insurance payments received by the Organization in connection with the renovation of the roof of the General Assembly building.

Previously, actual disbursements within obligations and residual obligations were recognized as expenditures.

Constitutional Provisions. Constitution does not specifically contain an article relating to health.

Article 19 bis. Procedure for amendments to article 19, paragraph 1

Draft article 19 on State crimes , and the draft articles on their legal consequences in Part Two of the draft articles, should therefore be amended.

Paragraph 2 of article VI of the Pact shall be amended to read as follows

Previously, actual disbursements within obligations and residual obligations were recognized as expenditures.