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    Irrevocable Bank Pay Order Buyer

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    Irrevocable Bank Pay Order Buyer

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    23 views2 pages

    Irrevocable Bank Pay Order Buyer

    Uploaded by

    JPA Printing Services

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    IRREVOCABLE BANK PAY ORDER BUYER’S GROUP (ANNEX “A”)

    TO: Name of Bank Transaction Code

    Address:
    Attn: BANK OFFICER POSITION:

    Please pay to the Order of, the sum or its equivalent value in Philippine Peso, Euro in United States
    Dollars, the herein named persons as Beneficiaries for the cost of commodities and compensation for
    their services rendered in the form of any acceptable Banking Instrument and/or direct deposit to their
    individual account with the amount due them from all transaction proceeds received from your bank,
    irrevocable, unconditionally, without recourse as follows:

    Amount in PESO PERCENT


    BENEFICIARIES NAMES ACCOUNT NUMBER SIGNATURE
    or in DOLLARS SHARE

    1.

    2.

    3.

    4.

    5.

    This master Pay Order as incentive to deserving beneficiaries/payees above is irrevocable,


    transferrable, divisable, assignable, unconditional and immediately payable upon consummation of
    initial TRANSCHE open ended without delay. In case of disability or demise of any of the above-named
    beneficiaries, their heirs, successor-in-interest and assignees may collect the amount due on their
    behalf, provided sufficient proof of authority is presented.

    IN WITNESS WHEREOF, we have hereunto set our hands and affixed our signature, this ___ day of
    _________________ 20 ___ at ______________________ City, Philippines.

    ____________________________ ____________________________
    PRINCIPAL SELLER/ HOLDER PRINCIPAL BUYER

    WITNESSED BY:

    _________________________________ _________________________________

    -----------------------------------------------------------------------------------------------------------------------------------------
    ACCEPTED AND APPROVED FOR PAYMENT WITH FULL BANKING ENGAGEMENT AND
    RESPONSIBILITY AND SECURITY IMMEDIATELY UPON RECEIPT OF PAYMENT.

    Bank Officer’s Name

    ________________________________ Signature: ________________________

    Position: Bank:
    INDIVIDUAL IRREVOCABLE BANKPAY ORDER OF PAYMENTS

    Transaction Code :

    Date : PAYING DEPOSIT BANK :


    To : ADDRESS :
    : For the attention of :

    NAME OF OFFICERS

    POSITION / TITLE
    SUBJECT:

    We, the undersigned acting full power, and responsibility, do hereby instruct you to irrevocably
    and unconditionally pay to the beneficiaries whose signature appears herein below immediately upon
    receipt of the funds in the amount opposite his/her name and/to codes below to wit:

    Name of Beneficiary Share Amount Signature

    The above payment to the Beneficiary/Payee is in consideration to the valuable services


    rendered in this transaction, including other valuable considerations and such payment shall be
    affected without restrictions, impediments or delays of any kind of nature whatsoever:

    This ORDER OF PAYMENT is irrevocable, transferable, assignable and divisible and shall be
    paid either in the PHILIPPINES LAWFUL CURRENCY OR UNITED STATE DOLLAR CURRENCY, City
    of _______________________________, Philippines, _________________2024.

    SIGNATURE OF PRINCIPAL BENEFICIARY

    CTC No. :
    Date :
    Place :

    PAYMASTER

    ACKNOWLEDGMENT

    Confirmed and guaranteed with full bank engagement and responsibility to pay immediately
    upon receipt of payment from the PAYMASTER.
    City of , Philippines 2024.

    BANK OFFICER POSITION NAME OF BANK

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