Financing-i Facility Sample Clauses

Financing-i Facility. (a) The Donor, as the beneficial owner hereby consent to the person(s) whose name and particulars are set out in Section 3 of the First Schedule (hereinafter referred to as “the Customer”) to deal with the Property for a financing facility in the amount stated in Section 9 of the First Schedule hereto (hereinafter referred to as “the Facility”) and further agreed to grant to the Donee, a Power of Attorney as security for the Facility which has been granted to the Customer.
AutoNDA by SimpleDocs
Financing-i Facility. The Chargee, at the request of the Customer, whose name and particulars are set out in Section 3 of the First Schedule hereto (hereinafter referred to as “the Customer”), has agreed to grant to the Customer a financing facility under the Shariah concept of Murabahah Tawarruq, and the particulars of which are set out in Section 8 of the First Schedule hereto (hereinafter referred to as “the Facility”) and upon the terms and subject to the conditions stated in the Master Facility Agreement which particulars are as set out in Section 10 of the First Schedule (hereinafter referred to as “the Master Facility Agreement”) and the Chargee’s Letter of Offer the date of which is as set out in Section 9 of the First Schedule hereto (hereafter referred to as “the Letter of Offer”). Subsequently, the Chargor as the registered owner of the Property shall create a charge in favour of the Chargee as security for the Facility which has been granted to the Customer.
Financing-i Facility. (a) At the consent of the Assignor, the Customer whose name and particulars are set out in Section 3 of the First Schedule (hereinafter referred to as “the Customer”) has applied a financing facility under the Shariah concept of Murabahah Tawarruq, in the amount stated in Section 10 of the First Schedule hereto (hereinafter referred to as “the Facility”) and the Bank has agreed to grant to the Customer the Facility upon the terms and subject to the conditions stated in the Letter of Offer, the date of which is as set out in Section 11 of the First Schedule hereto (hereafter referred to as “the Letter of Offer”).
Financing-i Facility. (a) At the request of the Assignor, the Bank has agreed to grant to the Assignor a financing facility under the Shariah concept of Murabahah Tawarruq, the particulars of which are as set out in Section 9 of the First Schedule hereto (hereinafter referred to as “the Facility”) upon the terms and subject to the conditions stated in the Letter of Offer, the date of which is as set out in Section 10 of the First Schedule hereto (hereafter referred to as “the Letter of Offer”).
Financing-i Facility. At the request of the Chargor, the Chargee, has agreed to grant the Chargor, a financing facility under the Shariah concept of Murabahah Tawarruq , the particulars of which are set out in Section 7 of the First Schedule hereto (hereinafter referred to as “the Facility”) upon the terms and subject to the conditions stated in the Master Facility Agreement which particulars are as set out in Section 9 of the First Schedule (hereinafter referred to as “the Master Facility Agreement”) and the Chargee’s Letter of Offer, the date of which is as set out in Section 8 of the First Schedule hereto (hereafter referred to as “the Letter of Offer”).

Related to Financing-i Facility

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Refinancing Substantially simultaneously with the funding of the Initial Term Loans, the Closing Date Refinancing shall be consummated.

  • Financing Arrangement 5.2.1 The Developer shall at its own cost, expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Facility Prudential is willing to consider, in its sole discretion and within limits which may be authorized for purchase by Prudential Affiliates from time to time, the purchase of Shelf Notes pursuant to this Agreement. The willingness of Prudential to consider such purchase of Shelf Notes is herein called the “Facility”. At any time, the aggregate principal amount of Shelf Notes stated in Section 1.2, minus the aggregate principal amount of Shelf Notes purchased and sold pursuant to this Agreement prior to such time, minus the aggregate principal amount of Accepted Notes (as hereinafter defined) which have not yet been purchased and sold hereunder prior to such time, is herein called the “Available Facility Amount” at such time. NOTWITHSTANDING THE WILLINGNESS OF PRUDENTIAL TO CONSIDER PURCHASES OF SHELF NOTES BY PRUDENTIAL AFFILIATES, THIS AGREEMENT IS ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER PRUDENTIAL NOR ANY PRUDENTIAL AFFILIATE SHALL BE OBLIGATED TO MAKE OR ACCEPT OFFERS TO PURCHASE SHELF NOTES, OR TO QUOTE RATES, SPREADS OR OTHER TERMS WITH RESPECT TO SPECIFIC PURCHASES OF SHELF NOTES, AND THE FACILITY SHALL IN NO WAY BE CONSTRUED AS A COMMITMENT BY PRUDENTIAL OR ANY PRUDENTIAL AFFILIATE.

  • Credit Facilities 22 2.1 Loans....................................................................... 22 2.2 Letters of Credit........................................................... 22 2.3 Commitments................................................................. 25

  • Financing Arrangements (a) The Owner will obtain the Project Loan which shall be sufficient, together with the Owner's equity contributions, to pay the full amount of the costs to construct the Project in accordance with the development budget. The Owner and the Developer also contemplate that the Property and the Project, together with all fixtures, furnishing, equipment, and articles of personal property now owned or hereafter acquired by the Owner which are or may be attached to or used in connection with the Property or the Project, together with any and all replacements thereto and substitutions therefor, and all proceeds thereof; and all present and future rents, issues, leases, and profits of the Property and the Project will serve as security for the payment obligations to any lenders relating to the Project Loan or otherwise, and that the Owner will be the principal obligor for the repayment of all financial obligations thereunder after the transfer of title to the Owner. The Owner therefore, agrees to execute and deliver all commitments, promissory notes, mortgages, collateral assignments, documents, certificates, affidavits, and other writings required to be executed by any lender in connection with such financing.

  • Additional Facilities If the CAISO determines that it requires Operational Control over additional transmission lines and associated facilities not then constituting part of the CAISO Controlled Grid in order to fulfill its responsibilities in relation to the CAISO Controlled Grid then the CAISO shall apply to FERC pursuant to Section 203 of the Federal Power Act, and shall make all other regulatory filings necessary to obtain approval for such change of control and shall serve a copy of all such applications on the affected Participating TO and the owner of such lines and facilities (if other than the Participating TO). In the event that a Party invokes the dispute resolution provisions identified in Section 15 with respect to the transfer of Operational Control over a facility, such facility shall not be transferred while the dispute resolution process is pending except pursuant to Section 4.5.2.

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Existing Facilities Each of the Existing Facilities shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!