Borrowing Requirements Sample Clauses

Borrowing Requirements. Borrower engaged to loan from the bank as follows. 1. Amount 100,000,000 Yen 2. Use Operating capital 3. Date of Loan June 30, 2004 4. Loan Method- The bank makes a transfer to borrower's name account in a domestic financial institution (Must have National Bank Data Communication System) which borrower assigns. In this case, the loan has to be made when a delegated bank receives capital or when the amount is charged from the bank account. Borrower's bank account Name of financial institution: Mitsui Sumitomo Bank (0009) Senju Branch (248) Classification of bank account: Current account Account number: Account holder: Rex Tokyo Co. 5. Principal Reimbursement Period and Payment Mxxxod- (1) Last repayment date June 29, 2006 (2) Repayment period One month (3) Payment date 29th of the month (4) First payment date July 29, 2004 (5) Amount of payment 23 payments of 4,167,000 Yen by May 2006 4,159,000 Yen for the last payment
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Borrowing Requirements. Borrower agrees to, subject to the terms of this Agreement, provide to Agent (on behalf of Lender) cash collateral for each of the loans described hereunder in accordance with the Lending Agreement.
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Borrowing Requirements. (a) The aggregate principal amount of the Borrowing made on each Borrowing Date shall not be less than $20,000,000 and, if greater, in integral multiples of $1,000,000 in excess thereof; provided that if the aggregate amount of the unused balance of the total Commitments is less than $20,000,000, the aggregate principal amount of the Borrowing shall be equal to the unused balance of the total Commitments. (b) There shall be no more than five Borrowing Dates prior to the Commitment Termination Date. Any amounts not borrowed on or prior to the Commitment Termination Date may not be borrowed thereafter. (c) Each Borrowing shall be allocated pro rata among Tranche A Loans, Tranche B Loans and Tranche C Loans.
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Borrowing Requirements. The aggregate principal amount of any Borrowing of a Loan shall not be less than U.S.$50,000,000 and, if greater, in integral multiples of U.S.$5,000,000 in excess thereof; provided that if the aggregate amount of the unused balance of the Total Commitments is less than U.S.$50,000,000, the aggregate principal amount of the Borrowing of a Loan shall be equal to the unused balance of the Total Commitments.
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Borrowing Requirements. (a) General Conditions. The conditions listed below are precedent to the making of the Loan and any Line Advance by the Bank and shall be satisfied in form and substance reasonably satisfactory to Bank in its sole and absolute discretion:
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Borrowing Requirements. Unless otherwise agreed to by Bank and subject to the performance by Borrower of its other obligations under the Loan Documents, the Bank shall have no obligation to advance any funds to Borrower until all legal matters incident to the transactions contemplated by the Loan Documents are resolved in a manner satisfactory to Bank's counsel and until Borrower shall have provided Bank with the following: A. The Revolving Credit Note and other Loan Documents duly executed and all in form and substance satisfactory to Bank. B. Evidence satisfactory to Bank authorizing the execution and delivery by Borrower of this Agreement, the Note and the other Loan Documents. C. Opinions of counsel for Borrower, satisfactory to Bank's counsel, relating to such matters as the Bank may reasonably require, including opinions that on the dates of delivery of such opinions and at the times the funds to be lent pursuant to this Agreement are advanced (a) the representations set forth in section 2.5 hereof (which representations shall be repeated at length in such opinions) are accurate, and (b) to the best of the knowledge of Borrower's counsel, the representations set forth in sections 2.1,2.2, 2.4, 2.6 and 2.9 hereof (which representations shall be repeated at length in such opinions) are accurate. D. Certificates executed by Borrower stating that no defaults have occurred which are unremedied or unwaived under any agreement, lease, assignment or other document or instrument by or through which Borrower has any rights, titles or interests in connection with the Xxxxx. E. A current certificate of good standing of the Borrower and a certificate of incumbency for the Borrower. F. Such other documents and instruments, and evidence of the performance by Borrower of such other obligations, as Bank may reasonably request.
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Borrowing Requirements 
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Related to Borrowing Requirements

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience.

  • Borrowing Request The Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03.

  • Borrowing Requests (i) The Borrower may request a Borrowing hereunder by submitting to the Administrative Agent (with a copy to each of the Paying Agent, the Servicer, the Backup Servicer and the Custodian) a written notice, substantially in the form of Exhibit B (each, a “Borrowing Request”) not later than 10:00 a.m. (New York City time) on the second (2nd) Business Day prior to the date of the proposed Borrowing (each, a “Borrowing Date”); provided, that there shall not be more than one (1) Borrowing Date during any calendar week (except as set forth in Section 2.02(e) following delivery of a Funding Delay Notice). Promptly after its receipt thereof, the Administrative Agent shall submit a copy of each Borrowing Request to each Managing Agent who shall promptly forward a copy thereof to the Lenders in its Lender Group. (ii) Each Borrowing Request shall: (A) specify (1) the amount of the requested Borrowing which amount shall be allocated among the Lender Groups based on the respective Conduit Lending Limits of the Conduit Lenders (or Commitments, if there are no Conduit Lenders in a Lender Group) in each Lender Group, (2) the Aggregate Loan Principal Balance after giving effect to such Borrowing, (3) the desired Borrowing Date, and (4) the account of the Borrower to which the proceeds of such Borrowing are to be remitted, (B) certify that, after giving effect to the proposed Borrowing, no Borrowing Base Deficiency would exist and (C) if any Eligible Timeshare Loans are being added to the Collateral in connection with such Borrowing, be accompanied by a duly completed Schedule I to such Borrowing Request which sets forth the required information regarding such Eligible Timeshare Loans.

  • Content of Borrowing Requests Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: (i) whether such Borrowing is to be made under the Dollar Commitments or the Multicurrency Commitments; (ii) the aggregate amount and Currency of the requested Borrowing; (iii) the date of such Borrowing, which shall be a Business Day; (iv) in the case of a Syndicated Borrowing denominated in Dollars, whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; (v) in the case of a Eurocurrency Borrowing, the Interest Period therefor, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d); and (vi) the location and number of the Borrower’s account to which funds are to be disbursed.

  • INVOICING REQUIREMENTS A. Upon acceptance of work by the Service Coordinator, the Contractor shall submit the invoice (and supporting documents where applicable) to the appropriate County department per the issued Delivery Order within thirty (30) calendar days of the acceptance. At minimum, all invoice shall contain the following information: • Correct Delivery Order number • Description of work performed to include the manufacturer name, original make and model number(s) of parts and equipment installed. • Start and ending date of the work • Location of the work • Total labor categorized per the Bid Response Form and rounded to the nearest (30) minutes • Itemized list of materials used according to the original manufacturer’s part name and part number. ▪ Unit price and quantity shall be provided on the invoice for each part • Applicable sales tax for materials purchased should be listed separately • Markdown/mark-ups for material shall be listed as a line item on the invoice. • Approved shipping charges shall be listed separately • Permit and special equipment rental cost for reimbursement (if applicable) • Invoice total B. Proof of purchase for all reimbursable expense must be submitted with the invoice showing the actual cost for all reimbursable expenses by the County, including but not limited to, parts, shipping, sales tax, permits, specialty equipment rentals, etc. The Contractor shall provide a separate service ticket for each work day as verification of actual labor spent on the project daily. C. The Contractor shall not combine charges for multiple Delivery Orders on the same invoice. Each Delivery Order must be invoiced separately. D. The County will review invoices for the required information. The County will have the authority to reject invoices based on improper invoice format and lack of supporting documents. E. The Contractor shall not invoice the County for any work not accepted by the County. Should the County received such invoices, they will be rejected. F. Unless otherwise authorized by the corresponding department in writing, delivery of invoices and back-up documentation via e-mail and/or fax is not allowed under this contract. All invoices shall be mailed or hand delivered to the appropriate Department as referenced as the “Invoice To:” location and on the Delivery Order. G. The Contractor shall submit monthly statements of unpaid invoices to each department ordering services under this contract. The Contractor shall not combine statements for different Departments utilizing this contract. • Statement date • Invoice numbers • Invoice dates • Invoice total or unpaid balance if different from invoice total • Delivery order number corresponding to each invoice listed • Balance carry forward • Cumulative outstanding balance Statements shall be sent to the corresponding Department’s, fiscal department, and the Contract Administrator by the 15th day of each month for service performed in the prior month and upon request by the County.

  • Staffing Requirements Licensee will be in full compliance with the main studio staff requirements as specified by the FCC.

  • Trunking Requirements The Parties will provide designed Interconnection facilities that meet the same technical criteria and service standards, such as probability of blocking in peak hours and transmission standards, in accordance with current industry standards.

  • Bonding Requirements The Contractor is required to furnish a performance bond on the form in a form acceptable to the City, in a sum of not less than [insert bonding level] of the annual amount of the contract to guarantee the faithful performance of this contract. The bond must be approved as to sufficiency and qualifications of the surety by the Controller.

  • Closing Requirements Closing shall occur after approval of title commitment, as described hereinabove. a) At closing, Seller shall do the following: 1. Duly execute, acknowledge and deliver to Buyer, a Quit Claim Deed conveying the Property to Buyer, free and clear of all liens, claims, pledges and encumbrances. b) At closing, Buyer shall do the following: 1. Execute and provide at closing, all documents reasonably required by the City for closing. 2. Tender payment at closing for the purchase price and all associated closing costs described herein.

  • Posting Requirements Seller shall post the Development Security in accordance with the following terms and conditions: (i) Seller shall post one-half of the Development Security within thirty

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