Loan and Disbursements Sample Clauses

Loan and Disbursements. (a) The Bank hereby agrees to lend to the Borrower and the Borrower hereby agrees to avail from the Bank the loan not exceeding the amount as specified in the Schedule hereto (“Loan”) for the Purpose and tenor as mentioned in the Schedule hereto (“Tenor”), in the manner and subject to the terms and conditions as contained in the Facility Letter, the application form and hereunder. Subject to clause (b) hereunder, the Loan will be disbursed by the Bank in its absolute discretion, at the request of the Borrower, in one or more tranches (each, a “Disbursement”).The Bank may at its sole and absolute discretion make the payment directly to the institute to which the Borrower is admitted for studies and such payment shall be deemed to be Disbursement made to the Borrower hereunder. In the event the Loan is disbursed in multiple tranches, the Borrower shall submit a request letter (in such format as may be required by the Bank) for the Disbursement of each tranche stating therein inter alia the amount to be disbursed (the cumulative of each of such tranches shall in no circumstances exceed the Loan amount set out in the Schedule hereto), the semester/term/year of the Course of study for which the Disbursement is requested and other relevant details as may be required by the Bank; each such request letter for Disbursement shall be deemed to form part of this Agreement. Wherever required by the Bank, the Borrower shall also additionally provide a certificate from the college/ institute covering details of expenses in relation to the Course or matters related thereto, for the purpose of Disbursement of the Loan. For clarity, the Disbursement of the Loan or any tranche of the Loan shall be at the sole and absolute discretion of the Bank and subject to the submission of a disbursement request letter as mentioned above and the fulfillment by the Borrower of such other conditions as the Bank may require. For the purposes of this Agreement insofar as the point of time of Disbursement of the Loan is concerned, in case of Disbursement in multiple tranches, the Disbursement of the first tranche shall be deemed to be the Disbursement of the Loan.
Sample 1
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Related to Loan and Disbursements

  • FEES AND DISBURSEMENTS 6.1 The Service Provider hereby agrees to perform the service for the term of the agreement as per the Pricing Schedule (Annexure: C)

  • DOCUMENTS AND DISCHARGE Buyer shall not call for the production of any title deed, abstract, survey or other evidence of title to the property except such as are in the possession or control of Seller. If requested by Buyer, Seller will deliver any sketch or survey of the property within Seller’s control to Buyer as soon as possible and prior to the Requisition Date. If a discharge of any Charge/Mortgage held by a corporation incorporated pursuant to the Trust And Loan Companies Act (Canada), Chartered Bank, Trust Company, Credit Union, Caisse Populaire or Insurance Company and which is not to be assumed by Buyer on completion, is not available in registrable form on completion, Buyer agrees to accept Seller’s lawyer’s personal undertaking to obtain, out of the closing funds, a discharge in registrable form and to register same, or cause same to be registered, on title within a reasonable period of time after completion, provided that on or before completion Seller shall provide to Buyer a mortgage statement prepared by the mortgagee setting out the balance required to obtain the discharge, and, where a real-time electronic cleared funds transfer system is not being used, a direction executed by Seller directing payment to the mortgagee of the amount required to obtain the discharge out of the balance due on completion.

  • Satisfaction and Discharge This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when:

  • Permitted Uses and Disclosures of PHI 2.1 Unless otherwise limited herein, Business Associate may:

  • Non-Sufficient Funds and Dishonored Payments If my check is returned by a bank or other entity for any reason, if any of my credit card or debit card payments are rejected, or if Xxxxx Management is unable, through no fault of its own or their bank, to successfully process any of my ACH debit, credit card, or debit card transaction, then:

  • AGREEMENTS AND DISCLOSURES The Agreements and Disclosures provided to You at the time You opened Your Account and referred to throughout this Agreement, contain: (a) a list of fees and charges applicable to Your Account;

  • Retention and disposal 9.5.1. Information shared under this Agreement will be securely stored and disposed by secure means when no longer required for the purpose for which it is provided as per each parties’ Information Security Policy, unless otherwise agreed in a specific case, and legally permitted. Each party will determine and maintain their own retention schedule.

  • Reduction and Disconnection NYISO or Transmission Owner may reduce Network Access Interconnection Service or disconnect the Large Generating Facility or the Developer Attachment Facilities, when such, reduction or disconnection is necessary under Good Utility Practice due to an Emergency State. These rights are separate and distinct from any right of Curtailment of NYISO pursuant to the NYISO OATT. When NYISO or Transmission Owner can schedule the reduction or disconnection in advance, NYISO or Transmission Owner shall notify Developer of the reasons, timing and expected duration of the reduction or disconnection. NYISO or Transmission Owner shall coordinate with the Developer using Good Utility Practice to schedule the reduction or disconnection during periods of least impact to the Developer and the New York State Transmission System. Any reduction or disconnection shall continue only for so long as reasonably necessary under Good Utility Practice. The Parties shall cooperate with each other to restore the Large Generating Facility, the Attachment Facilities, and the New York State Transmission System to their normal operating state as soon as practicable consistent with Good Utility Practice.

  • Suspension and Discharge An employee who has not completed the probationary period may be released without appeal through the grievance procedure. Employees having successfully completed their probationary period shall only be disciplined or discharged for just cause. Prior to suspending or discharging an employee, provided they have completed their probationary period, such employee and the Union Xxxxxxx shall be given the reasons in writing, by the Employer, for the suspension or discharge.

  • RESPECT AND DIGNITY The Employer and Union agree that each employee and supervisory representative of the Employer shall be treated with dignity and respect. Verbal abuse, threats, or harassment, including sexual harassment, by employees, managers or supervisors towards each other will not be tolerated. Discipline shall be handled in a professional manner.

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