ADJUSTING THE AMOUNT OF THE GUARANTEE Sample Clauses

ADJUSTING THE AMOUNT OF THE GUARANTEE. The amount of the Guarantee shall be increased or decreased each year before March 15th, to take account of the amendments of the Fixed Annual Rate and the Annual Subscription Rate set in article 12.1.1 of the General Terms and Conditions with multi-year possible bookings. However, the adjustment will only be made when the combined total of the modifications to these Rates leads to an adjustment of the value of the Guarantee that is twenty percent (20%) higher in absolute value than the value of the Guarantee previously in effect. If the adjusted Guarantee is not delivered to the Storage Facility Manager before April 15th each year, the Storage Facility Manager will call the Guarantee and terminate the Contract in the conditions mentioned in article 22 hereunder, after a formal notice notified to the Customer remained unsuccessful during fifteen (15) days. If all or part of the Guarantee is in the form of a security deposit and the Guarantee amount is increased, the corresponding amount is invoiced by the Storage Facility Manager to the Customer as soon as possible as of the date of signing of the rider to the Contract. The Customer is required to pay the Guarantee by no later than the eighth (8th) business day after the invoice is issued. If the value of the Guarantee is reduced, the amount corresponding to the aforementioned reduction shall be discounted from the invoice or repaid by way of a credit note issued by the Storage Facility Manager in favour of the Customer, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract between the Customer and Storage Facility Manager with regard to its activities as operator of the Storage Facility. If the guarantee is constituted in the form of a security deposit, this does not bear interest. The security deposit shall be returned by the Storage Facility Manager upon expiry of the Contract, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract concluded between the Customer and the Storage Facility Manager with regard to its activities as operator of the Storage Facility.
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ADJUSTING THE AMOUNT OF THE GUARANTEE. The amount of the Guarantee, revised in April and October, is the equal to the highest amount between the following two (2) values: ➢ The sum of the highest two (2) invoice amounts between Months M-12 and M-1, excluding settlements of imbalances or
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Related to ADJUSTING THE AMOUNT OF THE GUARANTEE

  • Use of Proceeds of the Grant Section 3.01. The Recipient shall cause the proceeds of the Grant to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement.

  • Notification of the Amount of Fair Share Fee Notice of the amount of the annual fair share fee, which shall not be more than 100% of the unified dues of the employee organization, shall be transmitted by the employee organization to the Board Treasurer on or about September 15 of each year during the term of this Agreement for the purpose of determining amounts to be payroll-deducted, and the Board agrees to promptly transmit all amounts deducted to the employee organization.

  • Amount of the Grant 4.1 The Commissioner has agreed funding of up to the Grant Amount, subject to compliance by the Recipient with the terms of this Grant Agreement.

  • WARRANTIES, GUARANTEES AND MAINTENANCE 11.1 Copies of the following documents, if requested, shall accompany the bid proposal for all items being bid:

  • Use of Proceeds of the Loan Section 3.01. The Borrower shall cause the proceeds of the Loan to be applied to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement.

  • Statement for Loan Guarantees and Loan Insurance The undersigned states, to the best of his or her knowledge and belief, that: If any funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this commitment providing for the United States to insure or guarantee a loan, the undersigned shall complete and submit Standard Form-LLL, ‘‘Disclosure Form to Report Lobbying,’’ in accordance with its instructions. Submission of this statement is a prerequisite for making or entering into this transaction imposed by section 1352, title 31, U.S. Code. Any person who fails to file the required statement shall be subject to a civil penalty of not less than $10,000 and not more than $100,000 for each such failure. As the duly authorized representative of the applicant, I hereby certify that the applicant will comply with the above applicable certification. NAME OF APPLICANT AWARD NUMBER AND/OR PROJECT NAME City of Houston, Housing and Community Develop1m9e-n1t47-001-B489 PRINTED NAME AND TITLE OF AUTHORIZED REPRESENTATIVE Xxx XxXxxxxxx 1/4/2019 SIGNATURE DATE 1 24 C.F.R. 87 App. A, available at xxxxx://xxx.xxx.xxx/fdsys/granule/CFR-2011-title24-vol1/CFR-2011-title24-vol1-part87-

  • Program Requirements Provided At No Charge to the Judicial Council A. The Contractor shall provide the following items during the Program at no charge to the Judicial Council:

  • Unobligated and Unearned Funds and Allowable Costs In accordance with Section 215.971, Florida Statutes, the Grantee shall refund to the State of Florida any balance of unobligated funds which has been advanced or paid to the Grantee. In addition, funds paid in excess of the amount to which the recipient is entitled under the terms and conditions of the agreement must be refunded to the state agency. Further, the recipient may expend funds only for allowable costs resulting from obligations incurred during the specified agreement period. Expenditures of state financial assistance must be in compliance with the laws, rules, and regulations applicable to expenditures of State funds, including, but not limited to, the Reference Guide for State Expenditures.

  • Payment of the Grant 8.1 The Commonwealth agrees to pay the Grant to the Grantee in accordance with the Grant Details.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

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