Common use of Drawing Clause in Contracts

Drawing. An Eligible Healthcare Provider may apply for a Cash Advance or Mobile Asset Finance by submitting a Loan Application in respect of a Loan Amount that is not less than the prescribed minimum Gross Loan Amount or more than the prescribed maximum Gross Loan Amount. A Loan Application shall: be made using the Borrower's E-money Till/Paybill linked to the Agent Payment Platform (the and stipulate: 6.2.2.1 the amount of the Net Loan Amount applied for; 6.2.2.2 the instalment percentage proposed by the Borrower in accordance with clause 11.3 and in Schedule 3; 6.2.2.3 details of the bank account or the Designated Till/Paybill or E-Money linked phone number to which the proceeds of the Cash Advance or Mobile Asset Finance should be disbursed or whether the disbursement will be made through the Agent; and 6.2.2.4 such other information as may be required by the Lender. The Lender may from time to time, in its sole and absolute discretion, make Loan Offer(s) to the Borrower following the Borrower's Loan Application(s) or on the Lender's own initiative as a form of promotion of the Cash Advance or Mobile Asset Finance. Subject to these Terms and Conditions, the Lender will within forty-eight (48) hours from the acceptance by the Borrower of a Loan Offer: (without reference to the Borrower) add the Loan Fees, together with any applicable Taxes for which the Lender and/or the Agent is by law required to remit to the relevant taxing authority, to the Net Loan Amount for purposes of booking the Gross Loan Amount against the Account; retain the Loan Fees; and disburse the Net Loan Amount to the Borrower to the bank account, the Designated Till/Paybill or E-money linked phone number specified by the Borrower. The Borrower acknowledges and accepts that: Loan Applications, Loan Offers, and acceptance of Loan Offers for a Cash Advance or Mobile Asset Finance may only be made electronically via the Agent Payment Platform using the Designated Till/Paybill or through such other means or channels as may from time to time be established and/or prescribed by the Lender; Loan Offers will be valid for forty-eight (48) hours or such other period as may be specified in the Offer, and shall automatically lapse if not accepted by the Borrower within such timeframe; and the Lender is not obliged to accept or consider a Loan Application for a Cash Advance or Mobile Asset Finance; and

Drawing. An Eligible Healthcare Provider may apply for a Cash Advance or Mobile Asset Finance by submitting a Loan Cash Advance Application in respect of a Loan Cash Advance Amount that is not less than the prescribed minimum Gross Loan Cash Advance Amount or more than the prescribed maximum Gross Loan Cash Advance Amount. A Loan Cash Advance Application shall: be made using the Borrower's ’s E-money Till/Paybill Till linked to the Agent Payment Platform (the and Designated Till); stipulate: 6.2.2.1 the amount of the Net Loan Cash Advance Amount applied for; 6.2.2.2 the instalment percentage repayment schedule proposed by the Borrower in accordance with clause 11.3 and in Schedule 3; 6.2.2.3 details of the bank account or the Designated Till/Paybill Till or E-Money linked phone number to which the proceeds of the Cash Advance or Mobile Asset Finance should be disbursed or whether the disbursement will be made through the Agent; and 6.2.2.4 such other information as may be required by the Lender. The Lender may from time to time, in its sole and absolute discretion, make Loan Cash Advance Offer(s) to the Borrower following the Borrower's Loan ’s Cash Advance Application(s) or on the Lender's ’s own initiative as a form of promotion of the Cash Advance or Mobile Asset FinanceAdvance. Subject to these Terms and Conditions, the Lender will within forty-forty eight (48) hours from the acceptance by the Borrower of a Loan Cash Advance Offer: (without reference to the Borrower) add the Loan Transaction Fees, together with any applicable Taxes for which the Lender and/or the Agent is by law required to remit to the relevant taxing authority, to the Net Loan Cash Advance Amount for purposes of booking the Gross Loan Cash Advance Amount against the Account; and 6.4.1.1 remit the Agency Fee to the Agent; 6.4.1.2 retain the Loan FeesFees for its account and benefit; and 6.4.1.3 as applicable, remit the Taxes to the relevant taxing authority or the Agent for its onward transmission to the taxing authority; and disburse the Net Loan Cash Advance Amount to the Borrower through the Agent or to the bank account, the Designated Till/Paybill Till or E-money linked phone number specified by the Borrower. The Borrower acknowledges and accepts that: Loan Cash Advance Applications, Loan Cash Advance Offers, and acceptance of Loan Offers for a Cash Advance or Mobile Asset Finance Offers may only be made electronically via the Agent Payment Platform using the Designated Till/Paybill Till or through such other means or channels as may from time to time be established and/or prescribed by the Lender; Loan Cash Advance Offers will be valid for forty-forty eight (48) hours or such other period as may be specified in the Offeroffers, and shall automatically lapse if not accepted by the Borrower within such timeframe; and the Lender is not obliged to accept or consider a Loan Application for a Cash Advance or Mobile Asset Finance; andApplication.