Fund payment Sample Clauses

A Fund Payment clause outlines the obligations and procedures for transferring funds between parties under an agreement. It typically specifies the timing, method, and conditions for making payments, such as wire transfers or checks, and may detail the currency, account information, and any required documentation. This clause ensures that both parties understand when and how payments must be made, reducing the risk of disputes or delays related to financial transactions.
Fund payment. 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. The second instalment in the amount of 30% is paid after approval of an interim report, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list. 7.2 The funds will be transferred to the Funding Recipient’s account: Account holder: HOOKIPA Biotech AG Bank name: RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG IBAN: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ BIC/SWIFT: ▇▇▇▇▇▇▇▇
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Fund payment. If provided for by the terms of Securities of any series, the cash amount of any Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 4.05.
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Fund payment. Upon review and approval by the Lender, if the single payment amount is greater than RMB 10 million and the Lender is entrusted by the Lender, the Lender may directly transfer the corresponding amount to the Borrower’s designated account according to the payment entrustment letter submitted by the Borrower, and the Borrower shall submit relevant information to prove the purpose of the loan. If the Borrower adopts the method of entrusted payment by the Lender to entrust the Lender to transfer money to the outside world, the Borrower shall not transfer the payment money for other purposes and shall confirm in time whether the payee has actually received the corresponding amount, and the Borrower shall bear all the disputes and losses caused by the Borrower’s transfer of the payment money for other purposes, which makes the Lender unable to complete the entrusted payment, or the Borrower’s failure to confirm the receipt of the payment money by the payee in time. If the amount is lower than the above or the conditions for entrusted payment are not met, the Borrower will make the payment on his/her own initiative. If the cumulative amount of self-disbursement exceeds 10 million yuan on a single occasion or on a single day, and the destination of the borrowing is in line with the purposes listed in the original loan contract and the Application for Withdrawal, the self-disbursement from the beginning of the amount exceeding 10 million yuan has to be examined and approved by the Lender before the payment is processed; and if there is a serious discrepancy in the purpose of the borrowing and the Borrower is unable to explain the reasons for the change, the Lender will not process the payment.
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Fund payment. The borrower shall forecast fund demands at the beginning of month and report the payment demands to the loaner’s handling bank branch in the form of telephone, fax or other forms. The borrower shall submit basis of payment advice note and fund payment to loaner’s handling bank branch on drafted payment date. The loaner will approve above documents according to internal management procedures and transact payment procedures on the day when receiving payment advice note for the payment requirements are with true payment basis and complete after approval. The loaner can momentarily pay or withhold to pay for the payment basis is not true, complete or fund appropriation and project accomplishment is not accordant. Fund payment basis borrower submitted shall include: project budgetary estimate approved by authorized departments, project preliminary design, project contract, investment project list, investment plan and other materials loaner required borrower to supply, etc.
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Fund payment. ​ 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. ​ The second instalment in the amount of 30% is paid after approval of an interim report and an interim statement, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. ​ The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list. ​
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Related to Fund payment

  • Satisfaction of Sinking Fund Payments with Securities The Company (i) may deliver Outstanding Securities of a series and (ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

  • Sinking Fund Provisions No sinking fund provisions.

  • Refund Policy After the cancellation period, the institution provides a pro rata refund of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnable. If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/▇▇▇▇▇▇▇ loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs.

  • Sale and Payment Under this agreement, the following provisions shall apply with respect to the sale of and payment for Series shares: (a) The Distributor shall have the right, as principal, to purchase Series shares from the Trust at their net asset value and to sell such shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right, as principal, to sell shares to dealers against orders therefor at the public offering price less a concession determined by the Distributor. (b) Prior to the time of delivery of any shares by the Trust to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is not allowed by it as a concession to dealers.

  • Redemption of Securities and Sinking Fund Provisions 13 SECTION 3.01 Redemption........................................................................13 SECTION 3.02