Disbursal of the facility Sample Clauses

Disbursal of the facility a. The loan will be disbursed to the borrower in one or more instalment(s) as may be required by the borrower.
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Disbursal of the facility a. The loan will be disbursed to the borrower in one or more instalment(s) as may be required by the borrower. b. The disbursement may be direct to the supplier or by credit to Savings Bank or Current Account of the Borrower, depending upon the purpose for which the loan is sanctioned. c. The borrower shall give at least three clear days prior notice of drawal of any instalment of the loan which advise may be waived by the Bank at its option. d. In the case of joint borrowing by more than one person, the person specified under Schedule I (f) of this agreement shall draw the amount in stages as stipulated. ARTICLE II REPAYMENT OF LOAN, INTEREST, OTHER CHARGES & EVENT OF DEFAULT
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Disbursal of the facility a. The Borrower(s) agrees that Bank is under no obligation to disburse the credit facilities on the same day of execution of loan/security documents/agreements by the Borrower(s) and the Borrower(s) agrees that Bank may disburse the credit facilities on a day subsequent to the date of execution of documents after satisfactory completion of all internal procedures of the Bank and compliance of all the requirements by the Borrower(s). b. The Bank shall advance the loan to the Borrower(s) in such instalments and at such times as it deems fit and reasonable according to the requirement for payment of tuition fees, hostel fees, purchase of books, equipments etc. and the receipt of any one of the Borrower(s) shall serve as sufficient proof of the payment of the amount and shall be binding on other Borrower(s). The Borrower(s) agrees to provide margin as required by the Bank. The Borrower(s) hereby authorizes the Bank to make payment of the loan amount along with margin, if any, contributed by the Borrower(s) directly to the educational institution/hostel/book stall/suppliers etc. The Borrower(s) undertakes to produce bills/Receipts etc. for such payments. The Borrower(s) undertakes that the loan proceeds will not be utilized for payment of capitation fee or donation. c. The Bank shall not be bound to advance the maximum amount sanctioned and may decline to advance the amount or discontinue further advances at any time at its absolute discretion on the ground that the Borrower(s) have found other means of assistance or that the student has discontinued his studies or has failed in any examination or has failed to produce a satisfactory report of his studies and progress or the course/Institution is de-recognised by the authority concerned or the student fails to secure employment within the holiday period after completion of the course or for any other reasons which the Bank at its absolute discretion may consider justified and sufficient. In the event of such discontinuance, the payments already made shall be deemed to be a completed loan under this agreement and the Borrower(s) agrees to report the matter immediately to the Bank and the Borrower(s) also agrees to repay the entire outstanding dues in the loan account forthwith. d. The borrower (s) understands that the loan shall be granted and disbursements made subject to the Bank‟s Rules.
Sample 1
Disbursal of the facility a. The Borrower agrees that Bank is under no obligation to disburse the credit facilities on the same day of execution of loan/security documents/agreements by the Borrower and the Borrower agrees that Bank may disburse the credit facilities on a day subsequent to the date of execution of documents after satisfactory completion of all internal procedures of the Bank and compliance of all the requirements by the Borrower. b. The loan will be disbursed to the Borrower in lump sum or in instalment(s) as stipulated by the Bank. c. If the loan is being disbursed in stages, at least three clear days prior notice of drawal of any instalment of the loan should be given to the Bank, which advise may be waived by the Bank at its
Sample 1
Disbursal of the facility a. The Borrower(s) agrees that Bank is under no obligation to disburse the credit facilities on the same day of execution of loan/security documents/agreements by the Borrower(s) and the Borrower(s) agrees that Bank may disburse the credit facilities on a day subsequent to the date of execution of documents after satisfactory completion of all internal procedures of the Bank and compliance of all the requirements by the Borrower(s).
Sample 1

Related to Disbursal of the facility

  • Withdrawal of the Proceeds of the Financing General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing (“Category”), the allocations of the amounts of the Credit to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: Category Amount of the Credit Allocated (expressed in SDR) Percentage of Expenditures to be Financed (inclusive of taxes) Goods, works, consultants’ services, workshops, training, audits, and Incremental Operating Costs Block-Grants 24,800,000 107,000,000 100% 100% TOTAL 131,800,000

  • Transactions in Foreign Currencies and Transactions Processed Outside Singapore a. Foreign currency transactions

  • Availability Control Personal Data will be protected against accidental or unauthorized destruction or loss. Measures: • SAP employs regular backup processes to provide restoration of business-critical systems as and when necessary. • SAP uses uninterrupted power supplies (for example: UPS, batteries, generators, etc.) to protect power availability to the Data Centers. • SAP has defined business contingency plans for business-critical processes and may offer disaster recovery strategies for business critical Services as further set out in the Documentation or incorporated into the Order Form for the relevant Cloud Service. • Emergency processes and systems are regularly tested.

  • Conditions to Financial Assistance and its Disbursement The Grantor's obligations hereunder, including its obligation to make financial assistance available to the Recipient pursuant to the terms of this Agreement, are contingent upon compliance by the Recipient with the following conditions:

  • Modification of the Small Generating Facility The Interconnection Customer must receive written authorization from the NYISO and Connecting Transmission Owner before making any change to the Small Generating Facility that may have a material impact on the safety or reliability of the New York State Transmission System or the Distribution System. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. If the Interconnection Customer makes such modification without the prior written authorization of the NYISO and Connecting Transmission Owner, the Connecting Transmission Owner shall have the right to temporarily disconnect the Small Generating Facility. If disconnected, the Small Generating Facility will not be reconnected until the unauthorized modifications are authorized or removed.

  • Project-Related Investments The term “investment” or “invest” as used herein shall include not only investments made by the Company and any Sponsor Affiliates, but also to the fullest extent permitted by law, those investments made by or for the benefit of the Company or any Sponsor Affiliate with respect to the Project through federal, state, or local grants, to the extent such investments are subject to ad valorem taxes or FILOT payments by the Company. [End of Article I] ARTICLE II

  • SHIPMENT UNDER RESERVATION PROHIBITED The Contractor is not authorized to ship the deliverables under reservation and no tender of a bill of lading will operate as a tender of deliverables.

  • Withdrawal of Loan Proceeds 1. Except as ADB may otherwise agree, the following provisions of this Schedule shall apply to the withdrawal of Loan proceeds from the Loan Account.

  • Construction Clearing All timber is designated for cutting that is within the clearing limits of roads constructed hereunder or is in other authorized clearings. All dead or unstable live trees are designated for cutting that are sufficiently tall to reach Purchaser’s landings or the roadbed of Specified and Temporary Roads when Marked in advance of felling of timber in the immediate vicinity. Pieces meeting Utilization Standards from such dead or unstable live trees shall be removed, unless there is agreement that to do so could damage the road. Such designation may be revised as part of agreed changes in road location under B5.2.

  • Facility Access Notwithstanding any other provision of the Agreement, the Customer shall provide the Authority with such access to the Facility, and such documentation, as the Authority deems necessary to determine the Customer’s compliance with the Customer’s Supplemental Commitments specified in this Schedule B.

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