Payment of Loan Proceeds. All amounts to be made available by the Lenders under clause 4.4 (Notification of Drawdown Notice) shall be made available not later than 11:00 a.m. on the proposed Drawdown Date in Hong Kong Dollars in immediately available and freely transferable cleared funds by remittance to such account specified by the Agent under clause 27.1 (Payments to the Agent).
Payment of Loan Proceeds. Lender is authorized to disburse all proceeds of any Loan to Borrower hereunder directly to Borrower by depositing such proceeds in Borrower’s account with Lender.
Payment of Loan Proceeds. 7.1 The loan proceeds hereunder shall be provided as follows:
7.1.1 If any single payment of the loan proceeds is more than RMB5 million, such loan proceeds will be transferred to the Designated Account for Loan Proceeds Transfer (A/C: 8391-3026) opened by Party A with Party B and then directly payable to the counterparty of Party A pursuant to the Fixed Assets Loan Drawdown Application affixed with Party A’s common seal by Party B upon review to its satisfaction of the relevant transaction information provided by Party A.
7.1.2 If any single payment of the loan proceeds is less than RMB5 million, such loan proceeds will be transferred to the Designated Account for Loan Proceeds Transfer pursuant to the Fixed Assets Loan Drawdown Application affixed with Party A’s common seal by Party B upon review to its satisfaction of the relevant transaction information provided by Party A, and then payable by Party A to relevant counterparty of Party A. Party A shall provide updated status report of the payment of such loan proceeds on monthly basis, and Party B may check payment of such loan proceeds from time to time by way of account analysis, voucher verification, and on-site examination.
7.2 For payment of loan proceeds under Article 7.1.1, Party A shall provide information regarding the counterparty and purpose of such proceeds required by Party B. Party B will not be liable for failure to pay such loan proceeds due to untruth, inaccuracy and incompleteness of the information provided by Party A.
Payment of Loan Proceeds a) Paid to Borrower or third party at instruction of Borrower $[ITEM_csh1]
b) Amount used to settle/refinance existing Xceda Finance loan $[ITEM_csh2]
Payment of Loan Proceeds. The Bank is authorized to disburse all ------------------------ proceeds of any loan to the Borrower hereunder directly to or upon the order of any officer of the Borrower without looking into the use of those proceeds.
Payment of Loan Proceeds. The Bank is authorized to disburse all ------------------------- proceeds of any loan to the Borrower hereunder directly to or upon the order of the President of the Borrower without looking into the use of those proceeds. The President of the Borrower as of the date hereof is Xxxxxx Xxxxxxx. The Bank may rely on the fact that he continues to serve in that capacity until the Bank receives written notice to the contrary.
Payment of Loan Proceeds. The Bank is authorized to disburse all proceeds of any loan to the Borrower hereunder directly to or upon the order of the president, vice president--finance, vice president--corporate development or controller of the Borrower without looking into the use of those proceeds. The president of the Borrower as of the date hereof is Xxxxxxxx Xxxxxxx, the vice president--finance of the Borrower as of the date hereof is Xxxxx Xxxxx, the vice president--corporate development of the Borrower as of the date hereof is Xxxxxx Xxxxxxxx and the controller of the Borrower as of the date hereof is Xxxxx Xxxxxx. The Bank may rely on the fact that each continues to serve in that capacity until the Bank receives written notice to the contrary.
Payment of Loan Proceeds. For the convenience of The Business, The Business directs that payments of loan proceeds minus application fee to be paid through the Automated Clearing House (“ACH”) system pursuant to the rules of the National Automated Clearing House Association (“NACHA Rules”) as amended from time to time. The Business hereby agrees to comply with and be bound by the NACHA Rules. THIS REQUIREMENT IS A REQUIREMENT OF ENROLLING IN THE DORTCREDIT LOAN BY PHONE PROGRAM.
Payment of Loan Proceeds. The Loan shall be made to Meadow Ridge on the date you occupy your Apartment in The Community or as provided in Section 1.3 of the Residency Agreement. The outstanding amount of your Loan shall be automatically reduced by two and one-half percent (2.5%) per month. After forty (40) months, the Loan shall be reduced to zero and, thereafter, no amount shall be outstanding under the Loan.
Payment of Loan Proceeds. The Loan shall be made to Meadow Ridge on the date you occupy your Apartment in The Community or as provided in Section 1.3 of the Residency Agreement.
