Insufficient Business Finance Sample Clauses

Insufficient Business Finance. The supply of loanable to business is entirely inadequate, as evidenced by the exorbitant cost of bank credit. Banks supply only some 10% of the business sector’s financing needs, and securities markets that could separately domestic savings do not exist. The limited amount of household sector savings that does fails to find its way into the banking system for These probably amount to several hundred million dollars, will never be deposited without a smalldeposit insurance system, as is taken for granted in western countries. Because banks are essentially lending like finance, rather than deposits, lending rates must be very high and amounts available to lend are very low. Private sector expansion simply cannot proceed without significantly greater business finance. Existing donor programs are of course helpful but concentrate on very small or very large loans, little in between, where so much of the real business potential lies. Alternative means for addressing business finance limitations, especially through leasing, are rare and could be encouraged as a means of leveraging business finance and managing its risk. Assistance in business finance cannot occur in isolation. Although a new collateral law has been enacted, it must be implemented. Business assets in practice still cannot be easily hypothecated for credits, land registration has not been sufficiently reliable to leverage real property for expansion or capital, and judicial foreclosure procedures are extremely difficult.
Sample 1
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Related to Insufficient Business Finance

  • Excluded Assets Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded Assets”):

  • Premium Finance In arranging premium finance, we act as a credit broker to provide you with a premium finance facility which is designed solely for the purposes of facilitating a loan for repayment of insurance premiums. We will only provide you with information about this payment option on a non-advised basis from which you will need to make your own decision as to the suitability of this facility and whether you wish to proceed. Where we arrange premium finance on your behalf, we are remunerated for our assistance in putting this financing in place. We can provide details of our remuneration on request. When arranging premium finance your premium finance provider may undertake an enquiry with credit reference agencies who will add details of the search and the application to their record about you, whether or not the application proceeds. Further details will be provided when an application for finance is made. Insurers own credit facilities may also be available if appropriate. Where you pay your premium by instalments and use a premium finance provider, if any direct debit or other payment due in respect of the credit agreement you enter into to pay insurance premiums is not met when presented for payment or if you end the credit agreement we will be informed of such events by your premium finance provider. If you do not make other arrangements with us or your premium finance provider to pay the insurance premiums you acknowledge and agree that we may, at any time after being so informed, instruct on your behalf the relevant insurer to cancel the insurance (or, if this occurs shortly after the start or renewal of the insurance, to notify the insurer that the policy has not been taken up) and to collect any refund of premiums which may be made by the insurer. If any money is owed to the premium finance provider under your credit agreement or if they have debited us with the amount outstanding, we will use any refund received to offset our costs. You will be responsible for paying any remaining time on risk charge and putting in place any alternative insurance and / or payment agreements you need. You also agree that we may hold to the order of the premium finance provider any claims monies due to you in the event that you are in default of your credit agreement.

  • OVERSEAS TRANSACTIONS 13.1 The Cardmember may use the Credit Card outside Malaysia where there are Authorised Merchants and/or Authorised Cash Outlets.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Funding Arrangements Minimum amounts/increments for Japan Local Currency Borrowings, repayments and prepayments: Same as Credit Agreement.

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

  • NON-SUFFICIENT FUNDS (NSF CHECKS) If the Tenant pays the Rent with a check that is not honored due to insufficient funds (NSF): (check one) ☐ - There shall be a fee of $ per incident. ☐ - There shall be no fee.

  • TTOCs CONDUCTING UNION BUSINESS 1. Where a TTOC is authorized by the local union or BCTF to conduct union business during the work week, the TTOC shall be paid by the employer according to the collective agreement.

  • PROJECT FINANCING AND EXPENSES SCHEME The Recipient further designates the Project's estimated financial resources and estimated costs certified to the OPWC under this Agreement for the Project as defined and described in Appendix A of this Agreement to consist of the following components:

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