Form of Guarantees. THE CONTRACTOR will, at its own expense, establish one or more standby letters of credit, which shall be unconditional and irrevocable, payable at sight and opened with a bank or financial institution legally established in Colombia. THE CONTRACTOR may present another instrument and/or agency, which must be previously approved by ▇▇▇.
Appears in 3 contracts
Sources: Exploration and Production Contract, Exploration and Production Contract (GeoPark LTD), Exploration and Production Contract (GeoPark Holdings LTD)
Form of Guarantees. THE CONTRACTOR will, at its own expense, establish one or more standby letters of credit, which shall be unconditional and irrevocable, payable at sight and opened with a bank or financial institution legally established in Colombia. THE CONTRACTOR may present another Colombia or other instrument and/or agency, which must be previously approved or organism accepted by ▇▇▇ANH.
Appears in 1 contract
Sources: Exploration and Exploitation Contract (Harken Energy Corp)
Form of Guarantees. THE CONTRACTOR will, at its own expense, establish one or more standby letters of credit, which shall be unconditional and irrevocable, payable at sight and opened with a bank or financial institution legally established in Colombia. THE CONTRACTOR may present another Colombia or other instrument and/or agency, which must be previously approved or organism accepted by ▇▇▇.
Appears in 1 contract