Loan Repayment Procedure Sample Clauses

Loan Repayment Procedure. 2.1. The Loan shall be repaid and all other related payments shall be made to the Collateral Agent and the Platform Administrator by money transfer in EUR currency, transferring the money to the escrow account integrated in the Platform and indicating the following payment details: a) Payee: “Lemon Way”; b) Payee’s registration No.: 500 486 915; c) Payee’s account No.: XX0000000000000000000000000; d) The purpose of payment shall include the number of user specified in the Lendee’s Platform profile. 2.2. The Collateral Agent shall be entitled to request other method of payment by informing the Lendee in written about the account number to which the Agreement-related payments shall be made. 2.3. The Lendee shall be entitled at any time, by giving at least a 10 (ten) business day prior written notice to the Platform Administrator, sending a respective application by mail or submitting it personally in the Platform Administrator’s office, to repay a part of the full amount of the Loan prematurely. Within 5 (five) business days after the receipt of such application, the Platform Administrator shall inform the Lendee on the total amount of contractual liabilities, using the communication method specified in the application. In this case the Lendee shall pay the Platform Administrator a fair an unbiased reasonable compensation of expenses directly related to the premature Loan repayment, paying the compensation along with the premature Loan repayment as a single payment in the amount of ( ) months interest rate calculated from the principal amount of the Loan being repaid prematurely.
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Loan Repayment Procedure. 6.1. The date of full repayment of disbursed loan: December 12, 2017. The loan shall be repaid according to the following schedule: 2016 1/3 (One third) 2017 1/3 (One third) In case the Borrower will repay the loan after the Date of availability period termination, but not earlier than dates established by this paragraph of the Agreement pursuant to p. 6.2 of the Agreement, the amounts of loan repayment according to the above schedule will be reduced by loan amounts repaid earlier than the dates established by this Agreements starting from actual loan repayment according to the schedule nearest to the date. Each subsequent payment according to the schedule will be reduced by the early repayments of loan amounts before the dates established by this Agreement exceeding the amount of previous payments according to the schedule. If the repayment date of the relevant loan amount falls due on a day off, the term of use of the relevant loan amount is established until the first business day (including this day) following the day off which is the repayment date of the relevant loan amount. 6.2. The Borrower has the right to repay the amounts of the disbursed loan in full or in part before the dates specified by p.6.1 of the Agreement and forfeits. However, the loan indebtedness shall be repaid in chronological order starting from indebtedness that shall be repaid on the date nearest to the date of actual loan repayment stipulated in p.6.1 of the Agreement. In case the loan is repaid earlier than the dates stipulated in p.6.1 if the Agreement, the Borrower shall pay to the Lender a fee for early early repayment of the loan pursuant to the procedure stipulated in Article 4 of the Agreement.
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Loan Repayment Procedure. (i) Loan Repayment Unless otherwise specified in this Agreement, Service Provider shall repay the entirety of the Loans and any accrued and unpaid interest to Counterparty by 5:00 p.m. UK Time 365 calendar days after the Loaned Assets are initially transferred to Service Provider (the “Maturity Date”), directly to a wallet address or bank account, as applicable, designated by Counterparty. Such Loans shall be delivered to Counterparty free and clear of any and all security interests, liens, pledges, claims (whether pending, prospective or cognizable), charges, escrows, encumbrances or similar rights.
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Loan Repayment Procedure. The Borrower is obliged to repay funds equal to the loan amount and the amount of interest on the loan (interest fee) on the last day of the loan term established by the individual terms and conditions of the loan or by the Agreement. In case of debt repayment with the help of third parties, the Borrower’s obligations to repay each instalment shall be deemed to be properly fulfilled if the entire payment amount has actually been transferred to the Company’s settlement account in full no later than the date indicated in the payment schedule. The Borrower shall repay debts to the Lender in the following priority order: - interest debts; - principal debts; - forfeit penalty (fine, penalty fee); - interest accrued for the current payment period; - principal amount for the current payment period; - other payments stipulated by the laws of the Russian Federation on consumer credits (loans) or by the Consumer Credit (Loan) Agreement. The Borrower’s obligation to repay funds shall be deemed to be fulfilled from the date of delivery of funds to the Lender’s cash desk, or from the date of transfer of funds to the Lender’s settlement account. The loan amount shall be repaid by the Borrower subject to the presentation of an identity document if the amount exceeds RUB 15,000. The Borrower’s monetary obligations under the Agreement may be fulfilled by a third party if the amount exceeds RUB 15,000, provided that the payer has an identity document. The amounts up to RUB 15,000 (inclusive) can be repaid without a passport (unless the employees of the organization engaged in transactions with cash or other property suspect that such transaction is made with the aim of legalizing (laundering) the proceeds of crime or financing terrorism).
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Loan Repayment Procedure. Loans will be Open Term Loans unless otherwise specified. For Open Term Loans, the Loaned Assets shall be repaid to Lender’s PF Account within three Business Days after the request by Lender pursuant to Section 2(b) above. For Fixed Term Loans, the Loaned Assets shall be repaid to Lender’s PF Account at the time indicated in the Offered Loan Terms, unless Borrower and Lender agree to extend the Fixed Term Loan for another Fixed Term Loan under the then-current Offered Loan Terms, or an Open Term Loan.
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Loan Repayment Procedure. 2.1. The Borrower shall repay the Loan in instalments together with interest in accordance with the Payment Schedule, transferring it to the bank account specified by the Lender, by the date of each month specified in Clause 6 of Section I of the Agreement. Payment shall be deemed to have been made on the date on which the payment is received in the Lender's bank account. 2.2. The Borrower shall pay to the Lender the interest specified in Clause 3 of the Special Provisions of Section I of the Agreement for use of the Loan. 2.3. The Borrower may, within 14 (fourteen) days from the date of concluding the Agreement, exercise the right of withdrawal, and withdraw from the Agreement without providing any justification. 2.3.1. The Borrower shall notify the Lender in writing of the exercise of the right of withdrawal. 2.3.2. The Borrower shall be obliged immediately, but not later than within 30 days after the notice of the exercise of the right of withdrawal has been sent, to repay to the Lender the amount of the loan received and the interest accrued on the use of the loan for the period from the date of receipt of the loan until the day when it is fully repaid. Interest shall be calculated on the basis of the loan interest rate specified in the Agreement. 2.3.3. If the Borrower exercises the right of withdrawal, the Lender shall not be entitled to claim compensation from the Borrower and the Lender shall repay the commission for the issuance of the loan specified in the present Agreement. 2.4. The Borrower is entitled to repay the Loan in full or in part prior to the final repayment term specified in the Agreement, notifying the Lender thereof in writing at least 14 (fourteen) days in advance. In such a case, the Borrower shall be liable to pay interest and other charges only for the period until the full performance of its obligations under this Agreement have been carried out (the Lender shall not be entitled to compensation), i.e. according to the daily rate set out in Clause 3 of the Special Provisions of Section I of the Agreement (%).
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Related to Loan Repayment Procedure

  • Loan Repayment Upon the terms and conditions of this Agreement, the Issuer agrees to make the Loan to the Company. The proceeds of the Loan shall be deposited with the Trustee pursuant to Section 3.3 hereof. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, to the Trustee for the account of the Issuer, payments which correspond, as to time, and are equal in amount as of the Loan Payment Date, to the corresponding Bond Service Charges payable on the Bonds. All Loan Payments received by the Trustee shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Company shall be entitled to a credit against the Loan Payments required to be made on any Loan Payment Date to the extent that the balance of the Bond Fund is then in excess of amounts required (a) for the payment of Bonds theretofore matured or theretofore called for redemption, or to be called for redemption pursuant to Section 6.1 hereof (b) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee or Paying Agent, and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges due on that Loan Payment Date. Except for such interest of the Company as may hereafter arise pursuant to Section 8.2 hereof or Sections 5.06 or 5.07 of the Indenture, the Company and the Issuer each acknowledge that neither the Company, the State nor the Issuer has any interest in the Bond Fund or the Bond Purchase Fund, and any moneys deposited therein shall be in the custody of and held by the Trustee in trust for the benefit of the Holders.

  • Disbursement Procedure Subject to compliance by the Contracting Party with all the terms, provisions and conditions of this Agreement, including, but not limited to, the conditions precedent set forth within Sections 3, 4 and 5 hereof, the Board will cause its Depository to disburse sums to the Contracting Party, or to the appropriate payee, for the purpose of paying Costs of Construction items specified in the Approved Budget, in accordance with the following procedures:

  • Payment Procedure (a) The Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the Collection Account and/or related Companion Distribution Account (each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall deposit such payments to the applicable account within one Business Day of receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (provided, that to the extent that any payment is received after 2:00 p.m. (Eastern Time) on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit such payments into the applicable account within one (1) Business Day of receipt of such properly identified and available funds but, in any event, the Master Servicer is required to deposit such payments into the applicable account within two (2) Business Days of receipt of such properly identified and available funds). (b) If the Lead Securitization Note Holder determines, or a court of competent jurisdiction orders, at any time that any amount received or collected in respect of any Note must, pursuant to any insolvency, bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to any Note Holder or any Servicer or paid to any other Person, then, notwithstanding any other provision of this Agreement, the Lead Securitization Note Holder shall not be required to distribute any portion thereof to any Non-Lead Securitization Note Holder and each Non-Lead Securitization Note Holder shall promptly on demand by the Lead Securitization Note Holder repay to the Lead Securitization Note Holder any portion thereof that the Lead Securitization Note Holder shall have theretofore distributed to such Non-Lead Securitization Note Holder, together with interest thereon at such rate, if any, as the Lead Securitization Note Holder shall have been required to pay to any Mortgage Loan Borrower, Master Servicer, Special Servicer or such other Person with respect thereto. (c) If, for any reason, the Lead Securitization Note Holder makes any payment to any Non-Lead Securitization Note Holder before the Lead Securitization Note Holder has received the corresponding payment (it being understood that the Lead Securitization Note Holder is under no obligation to do so), and the Lead Securitization Note Holder does not receive the corresponding payment within five (5) Business Days of its payment to such Non-Lead Securitization Note Holder, such Non-Lead Securitization Note Holder shall, at the Lead Securitization Note Holder’s request, promptly return that payment to the Lead Securitization Note Holder. (d) Each Note Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share thereof, it shall promptly remit such excess to the applicable Note Holder, subject to this Agreement and the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder shall have the right to offset any amounts due hereunder from a Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future payments due to such Non-Lead Securitization Note Holder under the Mortgage Loan. Such Non-Lead Securitization Note Holder’s obligations under this Section 8 constitute absolute, unconditional and continuing obligations.

  • Reimbursement Procedure All claims for reimbursement must be submitted or forwarded to MediCard Head Office within thirty (30) calendar days after discharge from the hospital. Failure to do so shall invalidate the claim, except if it can be shown in writing that it was not reasonably possible to furnish such documents within thirty (30) calendar days. Required documents in availing reimbursement: a. Emergency confinement in non-accredited hospital attended by a non-accredited doctor ▪ Duly filled-up claim form ▪ Clinical Abstract ▪ Medical Certificate to include complete final diagnosis ▪ Surgical/Operative report if an operation was done ▪ Original Official Receipt paid to hospital and doctor ▪ Hospital statement of account and corresponding charge slips ▪ Police report if due to accident or medico-legal case ▪ Incident report why MEMBER was confined in a non-accredited hospital b. Emergency confinement in an accredited hospital attended to by a non-accredited doctor ▪ Duly filled-up claim form ▪ Clinical Abstract ▪ Medical Certificate to include complete final diagnosis ▪ Original Official Receipt paid to the hospital and doctor ▪ Hospital statement of account and corresponding charge slips ▪ Police report if due to accident or medico-legal case ▪ Incident report or proof that MediCard accredited doctor was not available during the time of confinement c. Out-Patient emergency consultation/treatment by a non-accredited doctor in areas where there are accredited hospitals/clinics. ▪ Medical Certificate to include complete final diagnosis ▪ Original Official Receipt paid to the doctor ▪ Incident report ▪ Police report if due to accident or medico-legal case d. Out-Patient emergency or non-emergency consultation/treatment by a non- accredited doctor in areas where there is no accredited Hospital/Clinic. ▪ Medical Certificate to include complete final diagnosis ▪ Original Official Receipt ▪ Incident report ▪ Police report if due to accident or medico-legal case

  • Disbursement Procedures The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement.

  • Collection Procedure Escrow Agent is hereby authorized to deposit the proceeds of each wire in the Escrow Account.

  • Prepayment Penalty Each Mortgage Loan that is subject to a Prepayment Penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to each Mortgage Loan that has a Prepayment Penalty feature, each such Prepayment Penalty is enforceable and will be enforced by the Seller during the period the Seller is acting as Interim Servicer for the benefit of the Purchaser, and each Prepayment Penalty is permitted pursuant to federal, state and local law. Each such Prepayment Penalty is in an amount not more than the maximum amount permitted under applicable law and no such Prepayment Penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated prior to October, 1, 2002. With respect to Mortgage Loans originated on or after October 1, 2002, the duration of the Prepayment Penalty period shall not exceed three (3) years from the date of the Mortgage Note unless the Mortgage Loan was modified to reduce the Prepayment Penalty period to no more than three (3) years from the date of the related Mortgage Note and the Mortgagor was notified in writing of such reduction in Prepayment Penalty period. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the Mortgage Loan's origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) prior to the Mortgage Loan's origination, the Mortgagor was offered the option of obtaining a mortgage loan that did not require payment of such a premium, and (iii) the Prepayment Penalty is disclosed to the Mortgagor in the mortgage loan documents pursuant to applicable state, local and federal law. This representation and warranty is a Deemed Material and Adverse Representation;

  • Payment Procedures Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certification duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one one-hundredths of a Preferred Share to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier's check or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i) (A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of Preferred Shares issuable upon exercise of the Rights hereunder with a depository agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with all such requests, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3, (iii) promptly after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.

  • Termination; Repayment The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

  • Settlement Procedure 4.1. The Client has the right to withdraw his/her own funds which are not encumbered with deposit obligations or Commission payments in case of Copy Trading. 4.2. Money transfers are made within 1-3 banking days. 4.3. Money transfer can be deferred by the Company for the period of 14 working days in exceptional cases requiring verification of compliance of trading and non-trading operations conducted by the Client with the terms and conditions of this Agreement. If such situation occurs, Company shall immediately notify Client by e-mail specified in the Client Profile. The Client has the right to request the status of the verification process only by contacting Trading operations department by e-mail at: xxxxxxx@xxxxxxxxxxx.xxx. 4.4. The Client’s payment instruction received, the amount to withdraw is deducted from the 4.5. In case of return of funds, the Client pays transfer fees. 4.6. The Client gives all instructions related to deposits and withdrawals of funds from the account through the Client's Profile in the order determined by the algorithm of Client's Profile operation. 4.7. The Company corrects balances in the accounts with a fixed negative value in the “Balance” column in the trading terminal on the 1st of each month. Correction (setting to zero) of trading accounts shall be applied solely to those accounts in which no trades are conducted at the moment of correction, i.e. no active open trading positions are present (pending orders will not be considered). Bonus funds are deducted from the “Credit” column with the comment “bonus_out (negative balance)”. At the same time, funds in the amount equal to the negative balance value are put into the account with the comment “Zero Balance Correction”. 4.8. The Client can withdraw funds from his/her account using any payment system which is accessible in the Client’s Profile. 4.8.1. If funds withdrawal is made via electronic payment systems, the withdrawal is possible only to the same system and with the same payment details within the system that were used to top up the trading account, and in same currency in which the deposit was made. If the account was topped up by different ways, in various currencies and using different payment details, withdrawals should be made proportionally. 4.8.2. If the Client’s payment details within the payment system are changed for some reason, the Client shall notify the Company by sending an email to the financial department with a photo where the Client is holding an ID close to his/her face attached. Otherwise, the Company reserves the right to deny funds withdrawal by use of new payment details. 4.9. Deposit of Client’s funds can be made by any methods available on the Company’s site. 4.9.1. The Client acknowledges that in case of software failure there can be delays in depositing funds in his/her trading account. 4.9.2. The Company undertakes to deposit funds in the Client’s trading account in case of any software failure resulting in delay in automated deposit provided that the Company was informed about the delay by the Client. 4.10. The Company doesn’t charge any deposit or withdrawal fees from Clients’ trading accounts. 4.11. The Client understands and accepts the fact that his/her money withdrawal request may be declined, and money will be retransferred to the Client’s account if the Client did not provide necessary identification information (copy of ID document, bank card or any other documents required by the Company based on the AML policy) upon the Company’s request via the Client’s Profile within 7 (seven) business days following the request. 4.12. The Client agrees that the Company may accept and make payments through payment agents. In particular, Skrill and Neteller payments are processed through LiteFinance Consulting Limited registered at Xxxxxx 00 Xxxxxxxx Xxxxx, 00 Xxxx Xxxxxx, XX 11 1 AA, Gibraltar, and acting as a payment agent of LiteFinance Global LLC.

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