Common use of Disbursement confirmation Clause in Contracts

Disbursement confirmation. (a) Payment Oracle shall execute the Procedure defined in the Appendix A [Disbursement Confirmation procedure] of these Rules (Disbursement Confirmation procedure). (b) Disbursement Confirmation procedure shall be carried-out daily at 18.00h (CET) beginning on the Loan provision date (including) until the fourth (4th) day following the Loan provision date (including) (Disbursement Confirmation period). (c) On demand of any Party, Payment Oracle may execute Disbursement Confirmation procedure anytime within the Disbursement Confirmation period.

Appears in 2 contracts

Samples: Loan Agreement, Payment and Price Oracle Agreement

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Disbursement confirmation. (a) Payment Oracle shall execute the Procedure defined in the Appendix A [Disbursement Confirmation procedure] of these Rules (Disbursement Confirmation procedure). (b) Disbursement Confirmation procedure shall be carried-out daily at 18.00h (CET) beginning on the Loan provision date (including) until the fourth (4th) day following the Loan provision date (including) (Disbursement Confirmation period). (c) On demand of any Party, Payment Oracle may execute Disbursement Confirmation procedure anytime within the Disbursement Confirmation period. Following the reception of Xxxxxxxx's confirmation, Payment Oracle is entitled to execute Disbursement Confirmation procedure at any time.

Appears in 2 contracts

Samples: Loan Agreement, Payment and Price Oracle Agreement

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