Credit Release Sample Clauses

Credit Release. Each approved ILF Project Development Plan will include a Credit Release schedule referenced to Performance Standards. As milestones in an individual ILF Project’s Credit Release schedule are reached (i.e., Restoration, Establishment, Enhancement and/or Preservation is implemented), Advance Credits are converted to released Credits. At a minimum, Credits will not be released until the Program Sponsor has obtained USACE approval of the Development Plan for the ILF Project site, has achieved the applicable milestones in the Credit Release schedule, and has submitted a request for Credit Release to the USACE along with documentation substantiating achievement of the criteria for release to occur and Credit Releases have been approved by the USACE. If the ILF Project does not achieve the performance-based milestones, the USACE may modify the Credit Release schedule, including reducing the number of Credits.
Sample 1Sample 2
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Credit Release. Each Mitigation Plan approved by the IRT will include a Credit Release schedule linked to the achievement of Performance Standards. As milestones in an individual Mitigation Project's Credit Release schedule are reached (i.e., as Performance Standards for Rehabilitation, Establishment, enhancement, and/or Preservation are achieved), the Mitigation Project will generate Released Credits as set forth in the Mitigation Project's Credit Release schedule. If the Sponsor is unable to reach one or more such milestones for a Mitigation Project, the IRT will coordinate with the Sponsor to modify the Credit Release schedule accordingly and will provide written notice of such modification to the Sponsor.
Sample 1
Credit Release. The use of the resources shall be presented to FINANCER’s branch, prefix 3221-2, by means of delivery of Credit Use Proposal, hereinafter referred to as PROPOSAL, which shall specify the financial costs, the terms, the value and the payment form of the capital installments and the other conditions of the operation. This PROPOSAL shall be signed by the BENEFICIARY or by its legal representatives, which terms shall report hereto, which, is accepted by FINANCER, shall be an integral part to this Instrument for all legal purposes. PARAGRAPH ONE – In the case of payment to the supplier, the PROPOSAL shall contain, in addition to the information set forth in this CLAUSE, the information required to the identification of the SUPPLIER, the list of the invoices, trade notes, collection notes or other documents, issued by the SUPPLIER, with respect to the products sold or services carried out giving rise to the respective issuances, as well as the value of the release request to be credited to each SUPPLIER. PARAGRAPH TWO – The PROPOSAL, duly signed and accompanied of the documents related thereto, becomes an integral part hereto for all legal purposes. PARAGRAPH THREE – The attachments of the PROPOSAL with the indication of the list of SUPPLIERS, mentioned in Paragraph one of this Clause, may be submitted to the FINANCER by e-mail. PARAGRAPH FOUR – The system for the forwarding by e-mail of the information by the BENEFICIARY, as well as to the processing of the respective payments to the suppliers, shall take place according to what is set forth in this Bank Services Agreement, entered into by and between the BENEFICIARY and the FINANCER. PARAGRAPH FIVE – The BENEFICIARY is responsible for the information of all data set forth in the PROPOSAL and its attachments, the FINANCER reserving the right to refrain from performing the credit operation in the event of controversy with any o the data informed. PARGARAPH SIX – In the case of wrong information or return of the credit by other banks, for any reasons, the BENEFICIARY is aware that the values released shall be credit to the current account number xxx, at the branch 3221-2, on the date in which the resource is made available to the FINANCER, being owed financial charges since the original date of the release.
Sample 1

Related to Credit Release

  • Letter of Credit Reports Each Issuing Bank shall furnish (A) to the Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding month and drawings during such month under all such Letters of Credit and (B) to the Agent on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such Issuing Bank.

  • Credit Reports Borrower authorizes Lender to obtain a credit report on Borrower at any time.

  • Letter of Credit Requirements (a) Any Letter of Credit required under this Loan Agreement must satisfy the following conditions:

  • Letter of Credit Requests (a) Whenever the Borrower desires that a Letter of Credit be issued for its account or for the account of any of its Subsidiaries, it shall give the Administrative Agent and the Letter of Credit Issuer at least five (or such lesser number as may be agreed upon by the Administrative Agent and the Letter of Credit Issuer) Business Days’ written notice thereof. Each such notice shall be executed by the Borrower and shall be in the form of Exhibit G (each a “Letter of Credit Request”).

  • Letter of Credit Request See §2.10(a).

  • Letter of Credit Requests; Minimum Stated Amount (a) Whenever the Borrower desires that a Letter of Credit be issued for its account, the Borrower shall give the Administrative Agent and the respective Issuing Lender at least five Business Days’ (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, a “Letter of Credit Request”).

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Loan (other than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i).

  • Credit Reporting For each Mortgage Loan, the Company shall accurately and fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information on its borrower credit files to each of the following credit repositories: Equifax Credit Information Services, Inc., TransUnion, LLC and Experian Information Solution, Inc. on a monthly basis.

  • Fair Credit Reporting Act The Servicer has fully furnished, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company (three of the credit repositories) on a monthly basis.

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