Independent payment Sample Clauses

Independent payment. Independent payment means that Party B pays the loan proceeds independently to its transaction counterparties for the agreed purpose after Party A disburses the loan amount to Party B's account upon receipt of Party B's drawdown application.
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Independent payment. If it does not meet the conditions of entrusted payment by the lender, the method of independent payment by the borrower shall be adopted, and the borrower shall provide the loan funds to the lender within 3 days of the use of the loan funds Pay relevant transaction information, and summarize and report the payment of loan funds. The lender has the right to verify whether the loan payment meets the agreed purpose through account analysis, voucher inspection, on-site investigation, etc. 3 In the process of loan payment under this contract, if the borrower’s credit status drops, the profitability of its main business is not strong, and the use of loan funds is abnormal, the borrower shall negotiate with the lender to supplement the loan issuance and payment conditions, or the lender has the right to change the payment method and stop the issuance and payment of loan funds
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Independent payment. Except for the circumstances specified in Article 3.4.3.1.1, the borrower may independently pay the loan to the borrower’s account in accordance with the contract. The borrower shall inform the lender of the payment of the loan funds, and timely provide the use record of the loan funds and the business contract, invoices and other vouchers and other relevant materials corresponding to the loan funds according to the requirements of the lender. The lender can verify whether the loan payment conforms to the agreed purpose by means of account analysis, voucher inspection, on-site investigation, etc.
Sample 1
Independent payment. Except in situations as agreed in Article 3.4.3.1.1, after the loan is granted to the borrower’s account, the borrower may pay independently as agreed in the contract. The Borrower shall inform the lender the payment of the loan fund as required, and provide timely records of the use of the loan fund and corresponding business contracts, invoices and other documents and other relevant information of the loan as required by the lender. The lender can verify whether the loan payment is in compliance with the purpose through account analysis, certificate inspection, site survey and other ways.
Sample 1
Independent payment. If the lender-authorized payment doesn’t apply, the independent payment by the borrower will apply. The borrower, within 30 days of use of the loan funds, must provide necessary trading documents related to the loan funds payment and summarizes the payment of the loan. The lender shall have the right to conduct account analysis, verify the documents, and conduct on-site investigation and other necessary actions to find out if the loan fund payment conforms to the agreed purpose; 3. In the process of loan payment hereunder, if the credit status of the borrower deteriorates, its business profitability is not strong enough, and the use of loan funds is unusual, the borrower shall negotiate with the lender on setting up supplementary loan release and payment conditions, or the lender shall have the right to change the payment method and stop the release and payment of loan funds.
Sample 1
Independent payment. Independent payment is after Party A issues the loan funds to Party B’s account according to Party B’s application, Party B shall independently pay to Party B’s counterparty that meets Party A’s requirements of Party A.
Sample 1
Independent payment. Excluding conditions as agreed in provisions 3.4.3.1.1
Sample 1
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Independent payment. After Party A submits the withdrawal application and relevant transaction procedures and other materials, it shall issue the loan funds to Party A’s loan issuance account stipulated herein after examination and approval by Party B, and Party A shall independently pay the loan to the counterparty for the purposes agreed herein.
Sample 1

Related to Independent payment

  • Independent Consideration Contemporaneously with the execution and delivery of this Agreement, Buyer has paid to Seller as further consideration for this Agreement, in cash, the sum of One Hundred Dollars ($100.00) (the “Independent Consideration”), in addition to the Deposit and the Purchase Price and independent of any other consideration provided hereunder, which Independent Consideration is fully earned by Seller and is non-refundable under any circumstances.

  • Determination by Independent Accountant The Independent Accountant shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after their engagement, and their resolution of the Disputed Amounts and their adjustments to the Closing Working Capital Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto.

  • Independent Audit The Grantee shall submit, in a format specified by the department, the independent financial compliance audit prepared by an independent Certified Public Accountant for the previous fiscal year. The audit shall follow the General Grant Requirements of Sections VIII (F) and (G) and be submitted no later than March 1 of the current fiscal year.

  • Independent Accountant Xxxxxxxx LLP (the “Accountant”), which has expressed its opinions with respect to the audited financial statements (which term as used in this Agreement includes the related notes thereto) of the Company filed with the Commission as a part of the Registration Statement and included in the Disclosure Package and the Prospectus, is an independent registered public accounting firm as required by the Securities Act and the Exchange Act.

  • Independent Review Contractor shall provide the Secretary of ADS/CIO an independent expert review of any Agency recommendation for any information technology activity when its total cost is $1,000,000.00 or greater or when CIO requires one. The State has identified two sub-categories for Independent Reviews, Standard and Complex. The State will identify in the SOW RFP the sub-category they are seeking. State shall not consider bids greater than the maximum value indicated below for this category. Standard Independent Review $25,000 Maximum Complex Independent Review $50,000 Maximum Per Vermont statute 3 V.S.A. 2222, The Secretary of Administration shall obtain independent expert review of any recommendation for any information technology initiated after July 1, 1996, as information technology activity is defined by subdivision (a) (10), when its total cost is $1,000,000 or greater or when required by the State Chief Information Officer. Documentation of this independent review shall be included when plans are submitted for review pursuant to subdivisions (a)(9) and (10) of this section. The independent review shall include: • An acquisition cost assessment • A technology architecture review • An implementation plan assessment • A cost analysis and model for benefit analysis • A procurement negotiation advisory services contract • An impact analysis on net operating costs for the agency carrying out the activity In addition, from time to time special reviews of the advisability and feasibility of certain types of IT strategies may be required. Following are Requirements and Capabilities for this Service: • Identify acquisition and lifecycle costs; • Assess wide area network (WAN) and/or local area network (LAN) impact; • Assess risks and/or review technical risk assessments of an IT project including security, data classification(s), subsystem designs, architectures, and computer systems in terms of their impact on costs, benefits, schedule and technical performance; • Assess, evaluate and critically review implementation plans, e.g.: • Adequacy of support for conversion and implementation activities • Adequacy of department and partner staff to provide Project Management • Adequacy of planned testing procedures • Acceptance/readiness of staff • Schedule soundness • Adequacy of training pre and post project • Assess proposed technical architecture to validate conformance to the State’s “strategic direction.” • Insure system use toolsets and strategies are consistent with State Chief Information Officer (CIO) policies, including security and digital records management; • Assess the architecture of the proposed hardware and software with regard to security and systems integration with other applications within the Department, and within the Agency, and existing or planned Enterprise Applications; • Perform cost and schedule risk assessments to support various alternatives to meet mission need, recommend alternative courses of action when one or more interdependent segment(s) or phase(s) experience a delay, and recommend opportunities for new technology insertions; • Assess the architecture of the proposed hardware and software with regard to the state of the art in this technology. • Assess a project’s backup/recovery strategy and the project’s disaster recovery plans for adequacy and conformance to State policy. • Evaluate the ability of a proposed solution to meet the needs for which the solution has been proposed, define the ability of the operational and user staff to integrate this solution into their work.

  • Independent Auditors The Company shall, until at least the Termination Date, maintain as its independent auditors an accounting firm authorized to practice before the SEC.

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