LOAN AND DISBURSEMENT. At the request of the Borrower, the Bank hereby agrees to provide to the Borrower, and the Borrower hereby agrees to avail of the Loan the amount mentioned in Schedule-II for the purpose(s) set forth in the Borrower's proposal/Application Form and subject to the conditions hereof and the Application Form and the Sanction Letter. The Bank shall disburse the Loan in one lump sum or in tranches as per the needs of the Borrower and/or after taking into consideration the certificate of the architect or documentary evidence to the satisfaction of the Bank with respect to the progress of construction. The Bank shall have the right not to release the money till such time it is satisfied about progress of the Project. The decision of the Bank in this regard shall be final and binding on the Borrower. The Borrower shall acknowledge the receipt of the disbursement letter issued by the Bank, in the form required by the Bank, of each amount so disbursed.
LOAN AND DISBURSEMENT. 1.1 The Loan shall be available to the Borrower for only one drawdown after the Application is approved by the Bank.
1.2 The Bank’s decision in respect of the tenor and amount of the Loan shall be conclusive and binding on the Borrower notwithstanding the Borrower’s request in the Application.
LOAN AND DISBURSEMENT. Quantix agrees to loan you the Principal Xxxxxx (the "Loan"). You acknowledge that an amount equal to the Principal Amount minus the Processing Fee (the "Disbursement Amount") will be disbursed by Quantix to your Disbursement Account. In consideration of Quantix agreeing to loan to you the Principal Amount, you agree and undertake that you will unconditionally pay to Quantix all amounts due, including principal, interest and fees as detailed in this Agreement.
LOAN AND DISBURSEMENT. 1.1 The Loan shall be available to the Borrower for only one drawdown after the Application is approved by the Bank.
1.2 The Bank’s decision in respect of the tenor and amount of the Loan shall be conclusive and binding on the Borrower notwithstanding the Borrower’s request in the Application.
1.3 Depending on the customer category, the Borrower must open and undertake to maintain a salary account or a VND transaction account (the “Account”) at the Bank for the purpose of this Loan until all outstanding amounts under the Loan have been fully repaid. The Loan shall be disbursed in Vietnamese Dong into the Account.
LOAN AND DISBURSEMENT. The Lender agrees at the request of the Borrower to make available to the Borrower, and the Borrower agrees to borrow from the Lender a term loan facility in the total amount of ________,__ USD (______________ dollars) on the terms and subject to the conditions of this Agreement (hereinafter referred to as - «the Loan»). Target use of the Loan – __________ ____________________________________. Unless otherwise agreed by the Parties in writing, the Loan can be given by the Lender in several tranches (hereinafter referred to as - «the Tranche»). The Borrower shall use the following bank account for receiving and making any and/or all payments under this Agreement: Account number: ____________________ Beneficiary’s Bank: _____________________________________ (the name of the bank’s branch, where the account is opened) _____________________________________(bank address) Swift: XXXXXXXX Correspondent Bank (USD): ____________________________________ Swift Code: ______________ Account No: ______________ Disbursement of Loan (Tranche) shall be made by the Lender upon receipt from the Borrower of an written disbursement request (the Disbursement Request) which indicates the amount and date, when should be given the Loan (Tranche) (the Disbursement Date). The Disbursement Request shall be binding for the Lender. The Disbursement Request is valid if it is signed by duly authorized representative(s) of the Borrower and delivered to the Lender at least 10 (ten) banking days (as defined below) prior to the respective Disbursement Date. The Loan (Tranche) shall be given by the Lender by transferring the funds specified by the Borrower in the respective Disbursement Request to the Borrower's Account on the respective Disbursement Date. The Parties agreed that the first Disbursement Date shall be not later than 180 calendar days from the date of entry into force of the Agreement. CHAPTER II. REPAYMENT The Borrower is obligated to return the Loan, and completely pay accrued interest no later than ___.___.201___ (inclusive) (the Repayment Date). The Repayment Date can be changed by the Parties by conclusion of the additional agreement to this Agreement. In the event that a Repayment Date would fall on a day, which is not a Banking Day, it shall be postponed to the succeeding Banking Day. For the purposes of this Agreement a Banking Day shall mean a day on which commercial banks are open for general business in New York, USA and in Kyiv, Ukraine. All payments on return of the...
LOAN AND DISBURSEMENT. The Lender agrees at the request of the Borrower to make available to the Borrower, and the Borrower agrees to borrow from the Lender a term loan facility in the total amount of ________,__ USD (______________ dollars) on the terms and subject to the conditions of this Agreement (hereinafter referred to as - «the Loan»). Target use of the Loan – __________ ____________________________________. Unless otherwise agreed by the Parties in writing, the Loan can be given by the Lender in several tranches (hereinafter referred to as - «the Tranche»). The Borrower shall use the following bank account for receiving and making any and/or all payments under this Agreement: Account number: ____________________ Beneficiary’s Bank: _____________________________________ (the name of the bank’s branch, where the account is opened) _____________________________________(bank address) Swift: XXXXXXXX Correspondent Bank (USD): ____________________________________ Swift Code: ______________ Account No: ______________ Disbursement of Loan (Tranche) shall be made in a date at discretion of Lender taking into account p.2
