Assertion: commercial paper's payment | /r/HasProperty | done by the bank
Facets:
value: to the issuer
type: TRANSITIVE-OBJECT
Source sentences:
text: If on any maturity date of the Obligations, a prospective purchaser of Obligations to be placed on such date defaults in its duty to pay the cash purchase price in immediately available funds by 1:30 PM Chicago time or at such later time allowed by DTC or reclaims a formerly settled issuance, thereby defaulting in regard to the Obligations such purchaser was to purchase on such date, the Issuer agrees to pay the Bank on demand the amount of such failed or reclaimed settlement if payment had been done by the Bank to the Issuer or on behalf of the Issuer.