Acceptances Sample Clauses

AcceptancesThe Schedules form part of this contract and shall have effect as if set out in full in the body of this agreement. Any reference to this contract includes the Schedules.
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Acceptances. Each Acceptance shall be created upon a Request by the Bank's acceptance of a draft in form and substance satisfactory to the Bank (each a "Draft"). Each Draft shall: (i) be drawn on the Bank by or on behalf or for the account of the Borrower in accordance with the provisions hereof ; (ii) have a minimum face amount of $100,000.00; (iii) be for the purpose of financing only those transactions permitted by Subsection 7 of Section 13 of the Federal Reserve Act, as amended from time to time; and (iv) mature not more than 180 days after the date thereof (provided that, if such date is not a Business Day, the maturity shall be extended to the next succeeding Business Day). However, no Draft shall mature more than 90 days after the Expiration Date of Acceptances. The Borrower hereby warrants that any Acceptances relating to the importation or exportation of goods or relating to the domestic shipment of goods shall: (i) not have a term in excess of the period of time which is usual and reasonably necessary to finance transactions of the character of the underlying import or export transaction or the underlying domestic shipment; (ii) not, together with all other Acceptances relating to any such shipment, have an aggregate face amount exceeding the CIF value of such shipment; and (iii) not be created more than 30 days after the date of shipment of goods to which such Acceptance relates. Acceptances relating to the storage of goods shall be subject to the further conditions that: (i) at the time such Acceptance is created, the goods being stored are covered by a warehouse receipt issued by a bonded warehouse independent of the Borrower and acceptable to the Bank; (ii) the goods covered by the warehouse receipt are readily marketable staples (as such term is defined in Section 13 of the Federal Reserve Act by the Board of Governors of the Federal Reserve System or by Federal Reserve Bulletins) held pending a reasonably immediate sale, distribution or shipment; and (iii) the face amount of the Acceptance relating to such goods does not exceed the fair market value of the goods.
Acceptances. The above terms and conditions are considered to be fair and reasonable. In the event of any term found by a Court of Law to be unreasonable then the clause shall be removed but the agreement shall remain in full force and effect.
Acceptances. (a) Subject to and upon the terms and conditions of this Credit Agreement and in accordance with the terms of the related Acceptance Letter of Credit, the Agent will, from time to time on or after the Closing Date, cause an Accepting Bank to create one or more Acceptances in an aggregate amount at such time outstanding not to exceed, together with the then aggregate unpaid principal amount of Revolving Loans, all then outstanding Letter of Credit Obligations, all then outstanding Foreign Exchange Obligations and all then outstanding Acceptance Obligations, an amount equal to the lesser of (i) the Borrowing Base or (ii) the Total Commitments; provided, however, in no event shall the Agent cause an -------- ------- Accepting Bank to create an Acceptance if the amount thereof, together with all of the then outstanding Letter of Credit Obligations plus the then ---- outstanding Foreign Exchange Obligation, plus the then outstanding ---- Acceptance Obligations shall exceed $80,000,000. Each Acceptance (or group of related Acceptances) (i) shall be in a face amount not greater than an amount which, when discounted and net of all Fees payable at the time of creation, would generate net proceeds equal to the reimbursement obligation owing with respect to the Acceptance Letter of Credit providing for the creation of such Acceptance and (ii) shall have a maturity of not more than 120 days after such Acceptance is created nor in any event later than the Expiration Date. (b) To enable the applicable Accepting Bank to create Acceptances, the Borrower shall supply the Agent, prior to or concurrently with each Letter of Credit Request requesting the issuance of an Acceptance Letter of Credit, with drafts satisfactory to such Accepting Bank, duly executed and endorsed (if necessary) by the Borrower. Each such Accepting Bank is hereby authorized by the Borrower to complete such drafts at the request of the Borrower acting through the Agent, including the payee, amount, date and maturity date thereof, in accordance with the applicable Acceptance Letter of Credit. In case any authorized signatory of the Borrower whose signature shall appear on any draft shall cease to have such authority before the creation of an Acceptance with respect to such draft, the obligations of the Borrower hereunder and under such Acceptance shall nevertheless be valid for all purposes as if such authority had remained in force until such creation. (c) On the date of the creation of an Acceptance b...
Acceptances. No acceptances other than an acceptance of a Draft by a Lender hereunder have been or shall be outstanding with respect to the goods covered by or relating to such Draft.
AcceptancesRequire the Borrower to pay immediately to the Bank, for application against outstanding Acceptances, the outstanding principal amount of any such Acceptances which have not matured. Any portion of the amount so paid to the Bank which is not applied to repayments on any such matured Acceptances or any other obligations of the Borrower to the Bank shall be repaid to the Borrower.
Acceptances. Subject to the terms and conditions set forth in this Agreement, each Issuing Bank hereby severally agrees to extend credit to the Borrowers, during the period from the Closing Date to the Acceptance Termination Date, by creating acceptances ("Acceptances") for the account of the Borrowers from time to time up to an aggregate amount at any one time outstanding for all Borrowers equal to $10,000,000, subject to the following provisions:
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AcceptancesThe undersigned representative of Client has the authority to enter into this Agreement on behalf of Client. Client agrees to cooperate and to provide Contractor with everything needed to complete the Services as, when and in the format requested by Contractor. Contractor has the experience and ability to do everything Contractor agreed to for Client and will do it all in a professional and timely manner. Contractor will endeavor to meet every deadline that’s set and to meet the expectation for Services to the best of its abilities.
AcceptancesThe Banks shall have agreed to accept the apartment project offered by the Company for inclusion as a Funded Project in the Banks' sole and absolute discretion in accordance with Section 2.14(b) above, and the Agent shall have so notified the Company in writing. Any such acceptance shall be subject to the satisfaction of the other conditions set forth in this Section 2.14(c). Each apartment project designated in this Agreement as an Initial Funded Project shall be subject to the same conditions for acceptance as a Funded Project as other projects hereafter offered by the Company for inclusion as a Funded Project.
Acceptances. This line of credit up to a maximum face value outstanding of Five Million and 00/100 Dollars ($5,000,000.00) may be used for financing acceptance transactions in U.S. Dollars for a maximum tenor of one hundred eighty (180) days but not to extend beyond the Facility No. 1
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