ACCEPTANCE AND DISCOUNT Sample Clauses

ACCEPTANCE AND DISCOUNT. The Lender shall on each day that it is requested to accept and discount Bills under this Clause: (a) select a Xxxx or Bills from the incomplete Bills so lodged with it and accept the Bills; (b) complete the Xxxx or Bills if so required pursuant to Clause 12.3 and insert as payee itself or such other person who is to purchase those Bills; and (c) discount those Bills and (subject to Clause 12.8) pay in Same Day Funds on that Drawdown Date to the account notified to the Lender by Treasury UK an amount equal to the aggregate of the face amount of each Xxxx less the aggregate of: (i) a discount amount for each Xxxx determined by the Lender calculated by reference to the rate per annum agreed between the Lender and Treasury UK at the time of the request for the Segment or, in the absence of such agreement, by reference to the Eligible Sterling Discount Rate for the relevant Funding Period; (ii) an acceptance fee equal to the Margin on that day, to be calculated on a daily basis on the face amount of each Xxxx from the date it was accepted to (but excluding) the date it falls due for payment; and (iii) any applicable stamp duty or other documentary or transaction Tax (including, without limitation, financial institutions duty) payable by the Lender on or in respect of each Xxxx or any payment, receipt or crediting of an account which is contemplated by this Clause 12. The Lender may at any time sell to any person(s) any Xxxx(s) so purchased by it and shall be entitled to retain for its own account the proceeds of any such sale.
Sample 1
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ACCEPTANCE AND DISCOUNT. Subject to the provisions of any warranty of Merchant hereunder and of any chargeback rights, Bank agrees to accept valid transaction records from Merchant during the term of this Agreement and to pay Merchant the total amount represented by the transaction records less any discount agreed to by the parties. Any payment made by Bank to Merchant in connection with a transaction shall not become final until the expiration of the period during which the transaction could be charged back under the MasterCard or Visa rules.
Sample 1
ACCEPTANCE AND DISCOUNT. Subject to this Agreement, on each Accommodation Date relating to a Segment of the Bill Xxxility each Lender shall: (a) accept the Bills drawn on it under this Clause; (b) if necessary, insert as payee itself or any other person who is to purchase those Bills; and (c) discount or procure the discount of those Bills and pay to the Agent in immediately available funds by 12 noon (Sydney time) an amount equal to the aggregate face amount of those Bills less the aggregate of: (ii) an acceptance fee equal to the applicable Margin, which will be calculated on a daily basis on the aggregate face amount of those Bills from and including the date on which they were accepted to their maturity date; and (iii) any applicable stamp duty or other Tax payable by the Agent or that Lender in respect of those Bills or in respect of any payment, receipt or crediting of an account contemplated by this Clause (including, without limitation, financial institutions duty). Upon receipt the Agent shall pay the proceeds to the account nominated by the Borrower in the relevant Drawdown Notice or Selection Notice.
Sample 1
ACCEPTANCE AND DISCOUNT. Subject to Merchant not being in default of this Agreement and Subject to Acquirer's chargeback rights, Acquirer agrees to accept valid transaction records from Merchant during the terms of this Agreement and to pay Merchant the total amount represented by the transaction records, less any applicable discounts, fees and other charges agreed to by the parties and all set-off rights Acquirer may have. Any payment by Acquirer to Merchant shall not be final but shall be subject to subsequent review and verification by Acquirer. Upon thirty (30) days written notice to Merchant, Acquirer and CSI retain the right to change the fees as set forth in this Agreement.
Sample 1
ACCEPTANCE AND DISCOUNT. The Lender shall on each day that it is requested to accept and discount Bills under this Clause: (a) accept the Bills; (b) insert as payee itself or such other person who is to purchase those Bills; and (c) discount those Bills and (subject to clause 6) pay in Same Day Funds no later than 11.00am on the relevant Drawdown Date to the Borrower an amount equal to the aggregate of the face amount of each Xxxx less the aggregate of: (i) a discount amount for each Xxxx which would result in a yield to maturity on that Xxxx calculated at the Bank Xxxx Rate for the relevant Funding Period; (ii) an acceptance fee equal to the Margin on that day, to be calculated on a daily basis on the face amount of each Xxxx from the date it was accepted to the date it falls due for payment; (iii) any applicable stamp duty or other documentary or transaction Tax (including, without limitation, financial institutions duty) payable by the Lender on or in respect of each Xxxx or any payment, receipt or crediting of an account which is contemplated by this Clause 8; (iv) any other amount owing by the Borrower to the Lender under this Agreement but unpaid.
Sample 1
ACCEPTANCE AND DISCOUNT. Subject to the provisions of any agreement of Merchant hereunder and of any chargeback right, Acquirer agrees to accept valid transaction records from Merchant during the term of this Agreement and to pay Merchant the total amount represented by the transaction records less any percentage discount and fees agreed to by the parties. In this regard, Merchant understands and agrees that any fee or charge provide herein is that which is to be initially applicable and imposed and such fees and charges may be increased or otherwise amended from time to time by Acquirer with or without advance notice to Merchant except as otherwise herein specifically provided. Any payment made by Acquirer to Merchant shall not be final but shall be subject to subsequent review and verification by Acquirer and may be subject to chargeback until the chargeback period expires.
Sample 1
ACCEPTANCE AND DISCOUNT. Subject to this Agreement, on each Drawdown Date each Participant shall: (a) accept the Bills drawn on it under this clause; and (b) discount or procure the discount of those Bills and pay to the Agent in immediately available funds by 12 noon an amount equal to the total face amount of those Bills less the sum of: (i) a discount amount in respect of those Bills which would result in a yield to maturity calculated at the applicable BBR for the relevant Funding Period; (ii) an acceptance fee equal to the applicable Margin on that Drawdown Date, calculated on a daily basis on the total face amount of those Bills from and including that Drawdown Date to their maturity date; and (iii) any applicable stamp duty or other Tax payable by the Agent or that Participant in respect of those Bills or in respect of any payment, receipt or crediting of an account contemplated by this clause (including financial institutions duty).
Sample 1
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Related to ACCEPTANCE AND DISCOUNT

  • Tender Prices and discounts 16.1 The prices and discounts (including any price reduction) quoted by the Tenderer in the Form of Tender and in the Activity Schedule (s) shall conform to the requirements specified below. 16.2 All lots (contracts) and items must be listed and priced separately in the Activity Schedule(s). 16.3 The Contract shall be for the Services, as described in Appendix A to the Contract and in the Specifications (or Terms of Reference), based on the priced Activity Schedule, sub mitted by the Tenderer. 16.4 The Tenderer shall quote any discounts and indicate the methodology for their application in the Form of Tender in accordance with ITT 16.1. 16.5 The Tenderer shall fill in rates and prices for all items of the Services described in the in Specifications (or Terms of Reference), and listed in the Activity Schedule in Section VII, Procuring Entity's Requirements. Items for which no rate or price is entered by the Tenderer will not be paid for by the Procuring Entity when executed and shall be deemed covered by the other rates and prices in the Activity Schedule. 16.6 All duties, taxes, and other levies payable by the Service Provider under the Contract, or for any other cause, as of the date 30 days prior to the deadline for submission of Tenders, shall be included in the total Tender price submitted by the Tenderer. 16.7 If provided for in the TDS, the rates and prices quoted by the Tenderer shall be subject to adjustment during the performance of the Contract in accordance with and the provisions of Clause 6.6 of the General Conditions of Contract and / or Special Conditions of Contract. The Tenderer shall submit with the Tender all the information required under the Special Conditions of Contract and of the General Conditions of Contract. 16.8 For the purpose of determining the remuneration due for additional Services, a breakdown of the lump-sum price shall be provided by the Tenderer in the form of Appendices D and E to the Contract.

  • Reduction and Disconnection NYISO or Connecting Transmission Owner may reduce [ ] Interconnection Service or disconnect the Large Generating Facility or the Developer’s Attachment Facilities, when such reduction or disconnection is necessary under Good Utility Practice due to an Emergency State. These rights are separate and distinct from any right of Curtailment of NYISO pursuant to the ISO OATT. When NYISO or Connecting Transmission Owner can schedule the reduction or disconnection in advance, NYISO or Connecting Transmission Owner shall notify Developer of the reasons, timing and expected duration of the reduction or disconnection. NYISO or Connecting Transmission Owner shall coordinate with the Developer using Good Utility Practice to schedule the reduction or disconnection during periods of least impact to the Developer and the New York State Transmission System. Any reduction or disconnection shall continue only for so long as reasonably necessary under Good Utility Practice. The Parties shall cooperate with each other to restore the Large Generating Facility, the Attachment Facilities, and the New York State Transmission System to their normal operating state as soon as practicable consistent with Good Utility Practice.

  • Defeasance and Discharge Upon the Company's exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be, the Company shall be deemed to have been discharged from its obligations with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called "Defeasance"). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 1304 and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Securities when payments are due, (2) the Company's obligations with respect to such Securities under Sections 304, 305, 306, 1002 and 1003, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its option (if any) to have Section 1303 applied to such Securities.

  • MAINTENANCE OF CLASSROOM CONTROL AND DISCIPLINE A. Each school shall develop a written policy on classroom control and discipline developed by the administration and faculty consistent with Board policy and state law. B. In accordance with applicable State Law, Board policy, and/or administrative procedures, a designated bargaining unit member shall have the authority and responsibility for the control of pupils throughout the school and on school grounds while on regular duty and also during the supervision of school-sponsored activities. Likewise a bargaining unit member may use reasonable force in his/her self-defense or in the restraint of a student to prevent harm to that student or to others. C. In the case of legal claims brought by the student and/or his/her parent or guardian, the Board will provide legal representation.

  • Termination, Release and Discharge [The] [Each] Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and [the] [each] Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

  • DISCIPLINE AND DISCHARGE (a) If it is alleged that an employee has been discharged without just cause the grievance shall start at Step 3 and if it is alleged that an employee has been suspended without just cause the grievance shall start at Step 2 of the grievance procedure, within five (5) working days of the discipline or discharge being affected. The discharged or suspended employee shall be given the opportunity of seeing a Xxxxxxx and/or Union President before he is required to leave the premises, providing one is available on site. Time spent will be paid in accordance with Article 11.06(e). (b) If it is agreed or decided at any stage of the grievance procedure, except arbitration, that an employee has been suspended or discharged without just cause, the Company shall reinstate him in his job without loss of seniority. A reinstated employee is to be paid his wages at his hourly rate for the time loss limited to a maximum of the employee(s) regular number of hours per week. The provision of this Article may be waived if both parties mutually agree to other methods of resolving the grievance. (c) Where an Arbitrator has been selected to determine a question respecting an alleged unjust discharge or suspension, he shall have power and jurisdiction to: i) uphold the discharge or suspension, or ii) vary the penalty, or iii) substitute a different penalty, or iv) direct reinstatement, and in cases ii), iii), and iv) the Arbitrator may in addition order the Company to pay the employee full or partial compensation in accordance with his hourly rate. It is understood, however, that if an employee is reinstated, he shall retain his full seniority, unless otherwise directed by the Arbitrator. (a) i) Only Discipline Letters and Discharge/Suspensions shall be considered as a form of discipline and shall be subject to the provisions of the Grievance procedure. A copy of each letter shall be sent to the Union, within thirty (30) days of the imposition of such discipline.

  • Inventions and Discoveries (a) Upon execution of this Agreement and thereafter, Executive shall promptly and fully disclose to the Company, and with all necessary detail for a complete understanding of the same, all existing and future developments, know-how, discoveries, inventions, improvements, concepts, ideas, writings, formulae, processes and Methods (whether copyrightable, patentable or otherwise) made, received, conceived, acquired or written during working hours, or otherwise, by Executive (whether or not at the request or upon the suggestion of the Company) during the period of his employment with, or rendering of advisory or consulting services to, the Company or any of its subsidiaries and affiliates, solely or jointly with others, in or relating to any activities of the Company or its subsidiaries and affiliates known to him as a consequence of his employment or the rendering of advisory and consulting services hereunder (collectively the “Subject Matter”). (b) Executive hereby assigns and transfers, and agrees to assign and transfer, to the Company, all his rights, title and interest in and to the Subject Matter, and Executive further agrees to deliver to the Company any and all drawings, notes, specifications and data relating to the Subject Matter, and to execute, acknowledge and deliver all such further papers, including applications for copyrights or patents, as may be necessary to obtain copyrights and patents for any thereof in any and all countries and to vest title thereto to the Company. Executive shall assist the Company in obtaining such copyrights or patents during the term of this Agreement, and at any time thereafter on reasonable notice and at mutually convenient times, and Executive agrees to testify in any prosecution or litigation involving any of the Subject Matter; provided, however, that Executive shall be compensated in a timely manner at the rate of $250 per day (or portion thereof), plus out-of-pocket expenses incurred in rendering such assistance or giving or preparing to give such testimony if it is required after the termination of this Agreement.

  • FEES AND DISBURSEMENTS The fees for Services shall be in accordance with the fee schedule as agreed upon between the Client and the Customs Broker, as amended from time to time (the “Fees”). (a) Disbursements incurred by the Customs Broker on behalf of the Client shall be reimbursed to the Customs Broker by the Client.

  • Costs and Disbursements (a) Except as otherwise provided in this Agreement or in the Schedules to this Agreement, a Recipient of Services shall pay to the Provider of such Services a monthly fee for the Services (or category of Services, as applicable) (each fee constituting a “Service Charge” and, collectively, “Service Charges”), which Service Charges shall be agreed to by the Parties from time to time and generally determined in a manner consistent with the methodology used by HBIO for assessing fees with respect to the HXXX Business; provided further that to the extent the Service Charge for a particular Service is accrued on an hourly basis, such Service Charge shall be paid monthly by the Recipient and include the aggregate amount of the hourly charges for the immediate preceding month. During the term of this Agreement, the amount of a Service Charge for any Services (or category of Services, as applicable) may increase to the extent of: (i) any increases mutually agreed to by the Parties, (ii) any Service Charges applicable to any Additional Services or New Services, and (iii) any increase in the rates or charges imposed by any third-party provider that is providing Services. Together with any monthly invoice for Service Charges, the Provider shall provide the Recipient with documentation to support the calculation of such Service Charges. (b) Recipient shall reimburse Provider for all reasonable out-of-pocket costs and expenses incurred by Provider or its Affiliates in connection with providing the Services to the extent that such costs and expenses are not reflected in the Service Charge for such Services; provided, however, that any such cost or expense not consistent with historical practice between the Parties and exceeding $2,500 per month, for any Service (including business travel and related expenses) shall require advance approval of the Recipient. Any authorized travel-related expenses incurred in performing the Services shall be incurred and charged to Recipient in accordance with Provider’s then applicable business travel policies. (c) The Recipient shall pay the amount of each such invoice by wire transfer (or such other method of payment as may be agreed between the Parties) to the Provider within thirty (30) days of the receipt of each such invoice, including appropriate documentation as described herein, as instructed by the Provider. In the absence of a timely notice of billing dispute in accordance with the provisions of Article IX of this Agreement, if the Recipient fails to pay such amount by the due date, the Recipient shall be obligated to pay to the Provider, in addition to the amount due, interest at an annual default interest rate of three percent (3%), or the maximum legal rate whichever is lower (the “Interest Payment”), accruing from the date the payment was due through the date of actual payment. (d) Subject to the confidentiality provisions set forth in Section 11.03, each Party shall, and shall cause their respective Affiliates to, provide, upon ten (10) days’ prior written notice from the other Party, any information within such Party’s or its Affiliates’ possession that the requesting Party reasonably requests in connection with any Services being provided to such requesting Party by an unaffiliated third-party provider, including any applicable invoices, agreements documenting the arrangements between such third-party provider and the Provider and other supporting documentation; provided, however, that each Party shall make no more than one such request during any fiscal quarter.

  • Release and Discharge 11.1 The acceptance by the Designer of the last payment under the provisions of Article 6.5 or Article 12 in the event of termination of the Contract, shall in each instance, operate as and be a release to the Owner and the Authority and their employees and officers, from all claims of the Designer and its Subconsultants for payment for services performed and/or furnished, except for those written claims submitted by the Designer to the Owner with, or prior to, the last invoice.

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