by favour of
3.The charges created herein shall not extend or apply to, and the Collateral shall not include, the last day of the term of any lease or agreement to lease now or hereafter entered into by any of the Debtor, but the Debtor shall stand possessed of the reversion of one (1) day remaining in respect of the term reserved by any such lease or agreement, upon trust in favour of the Holder, to assign and dispose of the same as the Holder or any purchaser of such term shall direct.
9.3 If the parties have agreed on payment by documentary credit, then, unless otherwise agreed, the Buyer must arrange for a documentary credit in favour of the Seller to be issued by a reputable bank, subject to the Uniform Customs and Practice for Documentary Credits published by the International Chamber of Commerce, and to be notified at least 30 days before the agreed date of delivery or at least 30 days before the earliest date within the agreed delivery period.
10.Any Letters of Credit established in favour of the Seller shall be issued by first class banks acceptable by the Seller which have adopted the Uniform Customs and Practice (UCP) for Documentary Credits issued by the International Chamber of Commerce (ICC), applicable at the date the Contract comes into force.
