Payment Monitoring Sample Clauses

Payment Monitoring. 1. The Borrower agrees that the Lender shall entitle to manage and monitor the payment from the loan obtained through Lender entrusted payment or/and direct payment methods by the Borrower, in order to supervise the purpose of usage of the loan as agreed in this Contract. The Lender entrusted payments refers to the Lender, make payments on behalf of the Borrower, upon application from the Borrower, to third parties who qualifies the purpose of the usage of the loan as agreed in this Contract, from the Borrower’s bank accounts. Direct payment by the Borrower refers to the Lender deposited the loan into the Borrower’s bank account based on the draw down application, and payments being made to the qualified payee in accordance with the usage agreed in the respective contracts by the Borrower directly. 2. With the consent of the Borrower, should the borrower-lender relationship between the Borrower and the Lender is a newly established relationship and the credit rating the Borrower is average, or each single payment required by the Borrower exceeds the limit as agreed in this Contract (refer to Part I of this Contract), or other cases as specified by the Lender, the Lender entrusted payment method should be used. Where the Lender entrusted payment method is used, the Lender shall have the right to review and approve payees on the payment application as provided by the Borrower whether the names of payee, amount and other information on the payment application is in conformity with relevant business contracts and related documents, and in accordance with the purpose of usage of the loan as agreed in this Contract. Payments will be made by the Lender to the Borrower’s payees through the Borrower’s bank account where the loan is obtained. 3. The Borrower shall provide evidence as requested by the Lender when applying payments to external parties from the loan obtained, including but not limited to: (1) Documents and evidence which support the purpose of the payment is as agreed in this Contract; (2) Business contract and written documents which reflect the Borrower’s payment obligations. In the event where fees and expenses for which a written contract is not required or available, the Borrower shall provide fee policy and standards from relevant authorities; (3) The Borrower shall provide the corresponding invoices or receipts after the payment is made if the invoices or receipts thereof are available at the time of payment; (4) Legally valid payment voucher; (...
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Payment Monitoring. 8.1 Party A’s capital return account designated by Party B has been identified. 8.2 Party B has right to manage and monitor the capital return account. Party A shall provide information about the capital return account on time. 8.3 Upon credit and financing status of Party A , Party B has right to negotiate and sign account management agreement with Party A, to specify the management of the designated account.
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Payment Monitoring. 1. The borrower agrees the lender has the rights to monitor and manage the payment of loan in the special account of fixes asset account by the commissioned payment of the lender and the self payment of the borrower to supervise the utilization of the loan capital same as the stated usage purpose. The commissioned payment of the lender refers to the lender pays up the loan capital by directly transferring the capital from the special account of fixed asset loan of the borrower to the appointed account of the trade counterparty of the borrower complying with the stated usage of the contract. Shanghai Pudong Development Bank Loan Contract of Fixed Asset SPD BANK The self payment of the borrower means the lender transfers the loan capital into the general settlement account from the special account of fixed asset loan of the borrower and then the borrower self pays to the appointed account of the trade counterparty of the borrower complying with the stated usage of the contract through the normal settlement way. 2. The borrower agrees the loan capital payment when the single amount in the special account of fixed asset loan exceeds the amount stated in the contract (see the Part I of the contract for details) shall be made through the commissioned payment of the lender. 3. When the borrower applies for the external payment of the loan capital in the special account of fixed asset loan, the borrower shall submit the certification materials conforming to the requirements of the lender, including but not limited to: (1) the certificate document of payment purpose conforming to the purpose stated in the contract; (2) Written contract, agreement, memorandum, meeting minutes and the other lawful documents really reflect the payment obligations of the borrower; provide the charging policy and standard approved by the authority department for the payables without necessary to sign up the contract; (3) Relevant invoice or receipt, if unable to obtain at the same time of payment, the borrower shall timely make up the relevant expenditure invoice or receipt after completing the payment; (4) Price audit report of the investment supervisor for the engineering advance payment, the process payment, the settlement payment/final settlement payment; (5) Payment voucher of the legitimating and validity of the special account of fixed asset loan; (6) Submission of the other documents required by the lender. 4. If the commissioned payment by the lender is adopted, the borrower sh...
Sample 1

Related to Payment Monitoring

  • Contract Monitoring The criminal background checks required by this rule shall be national in scope, and must be conducted at least once every three (3) years. Contractor shall make the criminal background checks required by Paragraph IV.G.1 available for inspection and copying by DRS personnel upon request of DRS.

  • Project Monitoring The Developer shall provide regular status reports to the NYISO in accordance with the monitoring requirements set forth in the Development Schedule, the Public Policy Transmission Planning Process Manual and Attachment Y of the OATT.

  • Program Monitoring The Contractor will make all records and documents required under this Agreement as outlined here, in OEC Policies and NHECC Policies available to the SRO or its designee, the SR Fiscal Officer or their designee and the OEC. Scheduled monitoring visits will take place twice a year. The SRO and OEC reserve the right to make unannounced visits.

  • Monitoring In each case in which the Foreign Custody Manager maintains Foreign Assets with an Eligible Foreign Custodian selected by the Foreign Custody Manager, the Foreign Custody Manager shall establish a system to monitor (i) the appropriateness of maintaining the Foreign Assets with such Eligible Foreign Custodian and (ii) the contract governing the custody arrangements established by the Foreign Custody Manager with the Eligible Foreign Custodian. In the event the Foreign Custody Manager determines that the custody arrangements with an Eligible Foreign Custodian it has selected are no longer appropriate, the Foreign Custody Manager shall notify the Board in accordance with Section 3.2.5 hereunder.

  • Performance Monitoring ‌ A. Performance Monitoring of Subrecipient by County, State of California and/or HUD shall consist of requested and/or required written reporting, as well as onsite monitoring by County, State of California or HUD representatives. B. County shall periodically evaluate Subrecipient’s progress in complying with the terms of this Contract. Subrecipient shall cooperate fully during such monitoring. County shall report the findings of each monitoring to Subrecipient. C. County shall monitor the performance of Subrecipient against the goals, outcomes, milestones and performance standards required herein. Substandard performance, as determined by County, will constitute non-compliance with this Contract for which County may immediately terminate the Contract. If action to correct such substandard performance is not taken by Subrecipient within the time period specified by County, payment(s) will be denied in accordance with the provisions contained in this Paragraph 47 of this Contract. D. HUD in accordance with 24 CFR Part 570 Subpart O, 570.902, will annually review the performance of County to determine whether County has carried out its Community Development Block Grant (CDBG) assisted activities in a timely manner and has significantly disbursed CDBG funds and met the mandated “1.5 ratio” threshold. Subrecipient is responsible to ensure timely drawdown of funds.

  • Collateral Monitoring Fee Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

  • Monitoring Services IDT staff shall, using methods that include face-to-face and other contacts with the member, monitor the services a member receives. This monitoring shall ensure that: a. The member receives the services and supports authorized, arranged for and coordinated by the IDT staff; b. The services and supports identified in the MCP as being provided by natural and community supports are being provided; and c. The quality of the services and supports received is adequate and still necessary to continue to meet the needs and preferences of the member and support the member’s outcomes identified in the MCP.

  • Monitoring Fee The Owners agree to pay the Council’s costs and expenses incurred or to be to be incurred by the Council in the administration and monitoring of the provisions of his Agreement in the sum of £400.00 such sum to be paid to the Council on the Effective Date

  • Compliance Monitoring Grantee must be subject to compliance monitoring during the period of performance in which funds are Expended and up to three years following the closeout of all funds. In order to assure that the program can be adequately monitored, the following is required of Grantee: a. Grantee must maintain a financial tracking system provided by Florida Housing that ensures that CRF funds are Expended in accordance with the requirements in this Agreement. b. Grantee must maintain records on all awards to Eligible Persons or Households. These records must include, but are not limited to: i. Proof of income compliance (documentation from submission month, including but not limited to paystub, Florida unemployment statement, social security and/or disability statement, etc.); ii. Lease; and iii. Documentation of rental assistance payments made.

  • Payment of Extraordinary Education Related Expenses Section 5.1. PAYMENT OF EXTRAORDINARY EDUCATION-RELATED EXPENSES. In addition to the amounts determined pursuant to Articles IV and VI of this Agreement, Applicant on an annual basis shall also indemnify and reimburse District for all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly and solely related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment caused directly by such project. Applicant shall have the right to contest the findings of the District’s external auditor pursuant to Section 4.9 above.

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