Budget facility Sample Clauses

A Budget Facility clause establishes a predefined financial limit or credit line that a party can access for specific purposes under an agreement. Typically, this clause outlines the maximum amount available, the conditions for drawing funds, and any repayment or reporting obligations associated with its use. Its core practical function is to provide controlled access to funds, ensuring that expenditures remain within agreed parameters and reducing the risk of overspending or unauthorized financial commitments.
Budget facility. 22.1 On your request and at our discretion, we may make the budget facility available to you. 22.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 Your first budget instalment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 If you fail to pay any one instalment by the due date, the whole amount may become immediately due and payable. 22.7 Your monthly budget instalment is debited from your straight facility and not your budget facility. 22.8 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.
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Budget facility. 8.1 We may, at our sole discretion, make the budget facility available to you. 8.2 The budget facility entitles you to pay for transactions over an extended period as stipulated by us. 8.3 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly statement. 8.4 If you fail to pay any one instalment by the due date, the whole amount may become immediately due and payable. 8.5 You may make additional payments to your budget account without penalty.
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Budget facility. 24.1. On your request and at our discretion, we may make the budget facility available to you. 24.2. This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 24.3. Fluctuations in interest rates may cause the period of payment to be extended or reduced. 24.4. Your first budget installment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 24.5. If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and 24.6. If you fail to pay any one installment by the due date, the whole amount may become immediately due and payable. 24.7. Your monthly budget installment is debited from your straight facility and not your budget facility. 24.8. You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.
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Budget facility. Subject to the following additional terms and conditions of use and our approval beforehand: 11.1 you may make Card Transaction payments over an extended period; 11.2 the principal sum of goods purchased over the extended period together with other charges must be paid for in monthly payments and the amount of these payments will be stipulated by us; and 11.3 you may at any date earlier than the date stipulated repay more than the amount stipulated by us.
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Budget facility. 9.1 On your request, we may, at our discretion, make the budget facility available to you. 9.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 9.3 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 9.4 If you fail to pay any one installment by the due date, the whole amount may become immediately due and payable. 9.5 You may make additional payments to your budget account without penalty. 9.6 Your monthly budget installment is debited from your straight facility and not your budget facility.
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Budget facility. The account holder will be entitled to repay an amount due pursuant to any transaction over an extended period (“budget facility”), subject to the following terms: 10.1 the account holder will inform Investec if any transaction is to be repaid through the budget facility; 10.2 Investec will stipulate the maximum extended credit period and the amount of the monthly payments whereby the capital plus interest (as determined in accordance with the provisions of clause 9) and other charges that may be payable in terms of clause 6 must be repaid; 10.3 the interest payable in respect of any transaction effected by the client using the budget facility will accrue in respect of such transaction, from the date on which the transaction is effected by the client; 10.4 failure by the account holder to pay any instalment in respect of the budget facility on the due date shall render the whole amount subject to such budget facility immediately due and payable to Investec; 10.5 the account holder may at any date earlier than that stipulated, repay the whole or any portion of the outstanding balance of the capital, interest and other charges, and must contact Investec to facilitate this payment; and 10.6 the budget facility will not be available in respect of any transaction using the Investec Select card.
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Budget facility. 24.1 On your request and at our discretion, we may make the budget facility available to you. 24.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 24.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 24.4 Your first budget instalment on a purchase made 24.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 24.6 If you fail to pay any one instalment by the due date, the whole amount may become immediately due 24.7 Your monthly budget instalment is debited from your straight facility and not your budget facility. 24.8 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.
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Budget facility. We charge interest for budget facility transactions from the date of the transaction. The interest rate is the same as the interest rate on your credit card.
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Related to Budget facility

  • Budget Revisions Grantee shall obtain Prior Approval from Grantor whenever a Budget revision is necessary for one or more of the reasons enumerated in 2 CFR 200.308 or 44 Ill. Admin. Code 7000.370(b). All requests for Budget revisions that require Grantor approval shall be signed by Grantee’s authorized representative and submitted to Grantor for approval. Expenditure of funds under a requested revision is prohibited and will not be reimbursed if expended before Grantor gives written approval.

  • Cash Basis and Budget Laws The right of the City to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas. This Agreement shall be construed and interpreted so as to ensure that the City shall at all times stay in conformity with such laws, and as a condition of this Agreement the City reserves the right to unilaterally sever, modify, or terminate this Agreement at any time if, in the opinion of its legal counsel, the Agreement may be deemed to violate the terms of such laws.

  • As-Built Drawings Within thirty (30) Days of the successful completion of the Acceptance Test, Seller shall provide for Company review a set of the proposed as‑built drawings for the Company-Owned Interconnection Facilities constructed by Seller (and/or its Contractors). Within thirty (30) Days of Company's receipt of the proposed as‑built drawings, Company shall provide Seller with either (i) its comments on the proposed as‑built drawings or (ii) notice of acceptance of the proposed as‑built drawings as final as‑built drawings. If Company provides comments on the proposed as‑built drawings, Seller shall incorporate such comments into a final set of as‑built drawings and provide such final as‑built drawings to Company within twenty (20) Days of Seller's receipt of Company's comments.

  • Background and Narrative of Budget Reductions 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short and Long Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain:

  • Total Facility Subject to all of the terms and conditions of this Agreement, the Lenders agree to make available a total credit facility of up to $400,000,000 (as such amount may be increased or reduced from time to time pursuant to the terms of this Agreement, the “Total Facility”) to the Borrowers from time to time during the term of this Agreement. The Total Facility shall be composed of a revolving line of credit consisting of Revolving Loans and Letters of Credit described herein.