2. - WITHIN 3 INTERNATIONAL BANKING DAYS AFTER BOTH PARTIES SIGN THE AGREEMENT, BORROWER WILL SWIFT 799 BPU/ICBPO/MT103/72 COST SWIFT 799 SBLC 200,000 USD TO LENDER’S WITH IN 3 BANKING DAY AFTER VERIFY MT799 COST SWIFT 799 ISSUING BANK WILL DELIVER SBLC VIA SWIFT MT-799 (AS PER EXHIBIT B) TO BORROWER’S BANK.
4.3. - WITHIN TWO (3) BANKING DAY AFTER VERIFYING MT799 SBLC, BORROWER’S RECEIVING BANK WILL PAYMENT 200,000 USD TO LENDER BANK AND DELIVER ISSUE IRREVOCABLE CONDITIONAL BANK PAYMENT ORDER VIA SWIFT MT-799 OR MT103/72 (AS PER EXHIBIT C) TO LENDER’S BANK. TO THE SAME TIME BORROWER DIRECTS IN LENDER'S BANK ALL NECESSARY DOCUMENTS ON IDENTIFICATION BORROWER AND GUARANTEEING UNCONDITIONAL RETURN STANDBY LETTER OF CREDIT UNENCUMBERED AND FREE.
4.4. - WITHIN TWO (3) BANKING DAYS AFTER VERIFICATION OF ALL DOCUMENTS AND SWIFT MT799 OR MT103/72 IRREVOCABLE CONDITIONAL BANK PAYMENT ORDER ISSUING BANK WILL DELIVER STANDBY LETTER OF CREDIT VIA SWIFT MT-760 (AS PER EXHIBIT D) TO BORROWER’S BANK.
4.5.- WITHIN FIVE(5) BANKING DAYS AFTER VERIFICATION IF SWIFT MT760 STANDBY LETTER OF CREDIT BORROWER’S BANK RELEASES PAYMENT OF UNDERTAKING (16%) TO THE LENDER’S RECEIVING ACCOUNT BY WIRE TRANSFER VIA MT-103 (AS PER EXHIBIT E). SIMULTANEOUSLY THE BORROWER PAYS 2% COMMISSION DIRECTLY TO ALL INTERMEDIARIES INDEPENDENTLY.
4.6.- UPON RECEIPT OF FULL PAYMENT VIA WIRE TRANSFER MT-103, THE BANK GUARANTEE ISSUING BANK WILL SEND HARD COPY OF STANDBY LETTER OF CREDIT VIA COURIER TO RECEIVING BANK WITH IN 5 DAY.