Conditions for Drawing Sample Clauses

Conditions for Drawing. The Lender shall have the right to refuse the drawing application of the Borrower if the following conditions cannot be satisfied: 1) the written drawing application and relevant documents proving loan purpose shall be submitted five days in advance; 2) the Loan Contract and relevant annexes are in force; 3) the Guarantee Contract as described in Article 9 hereof is in force; 4) the Borrower has opened accounts of drawing, interest payment, expense payment and loan repayment according to the requirements of the Lender; 5) the Borrower has submitted the Lender the resolutions and the power of attorney which prove that the board of directors or other authority approve execution and performance of the Contract; 6) the Borrower has submitted the Lender the list of persons who has the power to execute the Contract and documents and bills relating to the Contract, as well as their specimen signatures; 7) none of breaches described in Article 11 hereof occurs; or 8) other drawing conditions stipulated by laws and between the Parties have been satisfied.
Sample 1
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Conditions for Drawing. Subject to the terms and conditions of this Agreement, the Borrower may on any Business Day during the Availability Period make Drawings under the Term Loan Facility if:- (a) no Event of Default or Potential Event of Default has occurred and is continuing and unwaived; (b) the Bank has actually received the Notice of Drawing substantially in the form of Appendix 5 not later than 10.00 a.m. three (3) Business Days prior to the proposed Drawing Date (which must be a Business Day) or such shorter interval before the proposed Drawing Date as shall be acceptable to the Bank; (c) each of the representations and warranties mentioned in Clause 14.1 remains accurate in all respects on the proposed Drawing Date as if given on that date by reference to the facts and circumstances then existing; (d) each of the conditions contained in Clause 4.1 has been fulfilled or waived; (e) the Drawing would not cause the amount of the Term Loan Facility to be exceeded; and (f) the Bank has received and found satisfactory such additional information, legal opinion and/or other documents as it may have reasonably requested.
Sample 1
Conditions for Drawing. Subject to the terms and conditions of ---------------------- this Agreement, the Borrower may on any Business Day during the Availability Period make one Drawing under the Facility if:- (a) no Event of Default or Potential Event of Default has occurred and is continuing; (b) the Agent has actually received a Notice of Drawing substantially in the form of Appendix 3 not later ---------- than 10.00 a.m. five (5) Business Days prior to the proposed Drawing Date (which must be a Business Day) or such shorter interval before the proposed Drawing Date as shall be acceptable to the Agent; (c) each of the representations and warranties mentioned in Clause 16.1 remains accurate in all respects on the proposed Drawing Date as if given on that date by reference to the facts and circumstances then existing; (d) the Agent has received evidence that the Borrower has made arrangements with the Hedging Counterparty for the hedging of its foreign exchange exposure in respect of the proposed Drawing; (e) each of the conditions contained in Clause 4.1 has been fulfilled or waived; and (f) the Agent has received and found to be satisfactory such additional information, legal opinion and/or other documents as it may reasonably have requested.
Sample 1

Related to Conditions for Drawing

  • Specific Conditions If applicable, specific conditions required after a risk assessment will be included in Exhibit G. Grantee shall adhere to the specific conditions listed therein.

  • Conditions for Participation III. 1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

  • Conditions for Advance and Conditions to Closing Section 7.1.

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each L/C Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Applications for Payment 9.3.1 At least ten days before the date for each progress payment established in the State- Contractor Agreement, the Contractor shall submit to the Architect an itemized Application for Payment, notarized if required, supported by such data substantiating the Contractor's right to payment as the State or the Architect may require. The application for payment must, at a minimum, reflect retainage and the required waivers of lien and any other support documentation enumerated elsewhere in the Contract Documents. 9.3.2 Unless otherwise provided in the Contract Documents, payments will be made on account of materials or equipment not incorporated in the Work but delivered and suitably stored at the site and, if approved in advance by the State, payments may similarly be made for materials or equipment suitably stored at some other location agreed upon in writing. Payments for materials or equipment stored on or off the site shall be conditioned upon submission by the Contractor of bills of sale or such other procedures satisfactory to the State to establish the State's title to such materials or equipment or otherwise protect the State's interest, including applicable insurance and transportation to the site for those materials and equipment stored off the site. 9.3.3 The Contractor warrants that title to all Work, materials and equipment covered by an Application for Payment will pass to the State either by incorporation in the construction or upon the receipt of payment by the Contractor, whichever occurs first, free and clear of all liens, claims, security interests or encumbrances, hereinafter referred to in this Article 9 as "liens"; and that no Work, materials or equipment covered by an Application for Payment will have been acquired by the Contractor, or by any other person performing Work at the site or furnishing materials and equipment for the Project, subject to an agreement under which an interest therein or an encumbrance thereon is retained by the seller or otherwise imposed by the Contractor or such other person.

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • The Drawings The Drawings are the graphic and pictorial portions of the Contract Documents showing the design, location and dimensions of the Work, generally including plans, elevations, sections, details, schedules and diagrams.

  • Technical Specifications and Drawings a) The Goods and Related Services supplied under this Contract shall conform to the technical specifications and standards mentioned in Section VI, Schedule of Requirements and, when no applicable standard is mentioned, the standard shall be equivalent or superior to the official standards whose application is appropriate to the Goods' country of origin. b) The Supplier shall be entitled to disclaim responsibility for any design, data, drawing, specification or other document, or any modification thereof provided or designed by or on behalf of the Procuring Entity, by giving a notice of such disclaimer to the Procuring Entity. c) Wherever references are made in the Contract to codes and standards in accordance with which it shall be executed, the edition or the revised version of such codes and standards shall be those specified in the Schedule of Requirements. During Contract execution, any changes in any such codes and standards shall be applied only after approval by the Procuring Entity and shall be treated in accordance with GCC Clause 33.

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 to this Agreement (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Contract Extension The City may, in its sole discretion, unilaterally exercise an option to extend the Contract as described in the Contract Documents. In addition, the City may, in its sole discretion, unilaterally extend the Contract on a month-to-month basis following contract expiration if authorized under Charter section 99 and the Contract Documents. Contractor shall not increase its pricing in excess of the percentage increase described in the Contract.

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