PAYMENT PROCEDURE UNDER THE AGREEMENT Sample Clauses

PAYMENT PROCEDURE UNDER THE AGREEMENT. 6.11.1. All payments hereunder, including repayment (return) of the Principal debt, interest for the Credit use, possible penalties and fees shall be sent by the Borrower to the Bank with mandatory specification in the payment document of the purpose of payment, date and number hereof. 6.11.2. If there is not enough monetary funds for the Borrower to perform monetary obligations hereunder in full the next level of debt repayment shall be set (in compliance with the chronological order of the Credit Tranches provision); 6.11.2.1. interest not paid in time; 6.11.2.2. Primary loan overdue debt; 6.11.2.3. Credit interests; 6.11.2.4. Principal debt under the Credit; 6.11.2.5. the forfeit (penalties) accrued on the overdue interests; 6.11.2.6. the forfeit (penalties) accrued on the past-due Principal debt. 6.11.3. The Lender shall be entitled to unilaterally change the debt repayment order provided for in this article in accordance with the laws and after taking the decision send a written notification to the Borrower. 6.11.4. For the purpose of settlements hereunder on the date of the Borrower’s monetary obligations performance the Borrower shall ensure that at the Settlement Accounts there are enough monetary funds for write off by the Bank by collection orders (without additional orders of the Borrower), or shall perform the Borrower’s monetary obligations hereunder by remittance of funds from the Borrower’s accounts at the Bank or other credit institutions. 6.11.5. If there is not enough or no monetary funds at the Borrower’s accounts at the Bank to meet all claims in their regard, including the Lender’s claims, or if it is impossible to write off monetary funds from the Borrower’s account at the Bank for other reasons the Borrower shall perform the Borrower’s monetary obligations hereunder by remittance of funds from the Borrower’s accounts at other credit institutions to the Bank correspondent account specified in Article 12 hereof, on the basis of payment orders, if necessary, converting the funds to the obligations currency. 6.11.6. The date of any payments receipt by the Lender hereunder shall be date (day) when monetary funds are actually written off from Settlement account/Settlement account in foreign currency or the date of remittance of funds to the Bank correspondent account specified in Article 12 hereof (if payments are sent from accounts at other credit institutions). 6.11.7. If when making payment in favour of the Lender, for any reason the Bo...
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PAYMENT PROCEDURE UNDER THE AGREEMENT. 4.1. Unless otherwise expressly provided by this Agreement, any and all settlements under this Agreement shall be made in the Credit Currency, in non-cash form, by the Borrower, pursuant to the rules, forms and standards established by the Central Bank of the Russian Federation. 4.2. Repayment of Credits, payment of the interest accrued and other amounts payable to the Lender under this Agreement, shall be made by debiting from the Settlement Account and/or Foreign Currency Settlement Account, by the Lender, subject to the right granted to the Lender to debit according to the terms and conditions of the beforehand given acceptance pursuant to clause 8.1. of the Agreement. 4.3. If the funds on the Borrower’s accounts in the Bank are insufficient or not available to satisfy the claims, including the Lender’s claims, or if it is impossible to debit from the Borrower’s accounts in the Bank for any other reason, the Borrower shall perform its monetary obligations under this Agreement by transferring funds from its accounts opened in other banking institutions, converting funds into the Credit Currency if required, to the bank’s correspondent account specified in Article 13 of this Agreement, against payment orders.
Sample 1
PAYMENT PROCEDURE UNDER THE AGREEMENT. 7.1. Payment for the Bank’s services under the Agreement and other amounts payable under the Agreement shall be made by the Bank withdrawing money from the Client’s card account opened with the Bank in any way not prohibited by the legislation of the Republic of Kazakhstan, on the basis of the Client’s prior consent to write off money from its current account(s), as well as from any other bank accounts of the Client, or by depositing money in cash through the Bank’s cash desk.
Sample 1

Related to PAYMENT PROCEDURE UNDER THE AGREEMENT

  • PARTIES TO THE AGREEMENT ‌ The parties to the Agreement (hereinafter "Party" or "Parties") are: 1. PDL International Pte Ltd NEPTUNE PACIFIC DIRECT LINE PTE. LTD. ("PDL NPDL") 000 Xxxxx Xxxxxx, #03-00,PIL Building 8 Xxxxxx Road, #03-01 Singapore Xxxxxx Xxxx, Xxxxxxxxx, 000000 228095 2. Pacific Forum Line (Group) Limited ("PFLG") X.X. Xxx 000, 0xx Xxxxx Xxxxxx Xxxxx Lini Highway Port Vila Vanuatu

  • Administration of the Agreement The Agreement shall be administered by the Board of Directors of the Company or its delegate (the “Administrator”). Subject to the provisions of the Agreement, the Administrator shall have full and final authority in its discretion to take any action with respect to the Agreement including, without limitation, the authority to (i) determine all matters relating to the payments; (ii) establish, amend and rescind rules and regulations for the administration of the Agreement; and (iii) construe and interpret the Agreement, to interpret rules and regulations for administering the Agreement and to make all other determinations deemed necessary or advisable for administering the Agreement. Except to the extent otherwise required under Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), the Administrator shall have the authority, in its sole discretion, to accelerate the date that any Consultation Payments or Separation Payments which were not otherwise vested or earned shall become vested or earned in whole or in part without any obligation to accelerate such date with respect to any other employee. The Administrator also may in its sole discretion determine that Executive’s rights or payments under the Agreement shall be subject to reduction, cancellation, forfeiture or recoupment due to conduct by Executive that is determined by the Administrator to be detrimental to the business or reputation of the Company, including, without limitation, upon termination of employment for cause; violation of policies of the Company; or breach of non-solicitation, noncompetition, confidentiality or other restrictive covenants that apply to the Executive. In addition to action by meeting in accordance with applicable laws, any action of the Administrator with respect to the Agreement may be taken by a written instrument signed by the Administrator (including, where the Board or a committee serves as the Administrator, by written consent signed by all of the members of the Board, or all of the members of a committee, and any such action so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and called). No individual shall be liable while acting as Administrator for any action or determination made in good faith with respect to the Agreement, and any such individual shall be entitled to indemnification and reimbursement in the manner provided in the Company’s certificate of incorporation and bylaws and/or under applicable law.

  • Application of the Agreement (1) This Agreement shall apply to investments made in the territory of either Contracting Party in accordance with its legislation by investors of the other Contracting Party prior as well as after the entry into force of this Agreement. (2) This Agreement shall not apply to claims which have been settled or procedures which have been initiated prior to its entry into force.

  • Implementation of the Agreement Regulations of this Agreement relating to investments who investors of one Contracting Party realized before or after the entry into force of this Agreement, with what shall apply from the moment of its entry into force, provided that such investments conducted in accordance with the laws of that Party Contracting.

  • Operation of the Agreement The Parties recognize that it is impractical in this Agreement to provide for every contingency which may arise during the life of the Agreement, and the Parties hereby agree that it is their intention that this Agreement shall operate fairly as between them, and without detriment to the interest of either of them, and that, if during the term of this Agreement either Party believes that this Agreement is operating unfairly, the Parties will use their best efforts to agree on such action as may be necessary to remove the cause or causes of such unfairness, but failure to agree on any action pursuant to this Clause 8.2 shall not give rise to a dispute subject to arbitration in accordance with Clause 9 hereof.

  • Modification of the Agreement Notwithstanding any of the provisions of this Agreement, the parties may agree to amend this Agreement. No alteration or variation of the terms of this Agreement shall be valid unless made in writing and signed by the parties hereto. No oral understanding or agreement not incorporated herein shall be binding on any of the parties hereto.

  • Review of the Agreement Any amendment or review of this Agreement shall be by agreement in writing and in compliance with section 7.5 of the Act.

  • Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures (a) The Statement for each series of MuniPreferred will provide that the Applicable Rate for such series for each Subsequent Rate Period thereof shall, except under certain conditions, be the rate per annum that a bank or trust company appointed by the Fund advises results from implementation of the Auction Procedures for such series. The Board of Directors or Board of Trustees, as the case may be, of the Fund has adopted a resolution appointing the Auction Agent as auction agent for purposes of the Auction Procedures for each series of MuniPreferred. The Auction Agent accepts such appointment and agrees to follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for each series of MuniPreferred for each Subsequent Rate Period thereof for which the Applicable Rate is to be determined by an Auction. Each periodic implementation of such procedures is hereinafter referred to as an "Auction." (b) All of the provisions contained in the Auction Procedures and the Settlement Procedures are incorporated herein by reference in their entirety and shall be deemed to be a part hereof to the same extent as if such provisions were fully set forth herein.

  • Agreement Overview This SLA operates in conjunction with, and does not supersede or replace any part of, the Agreement. It outlines the information technology service levels that we will provide to you to ensure the availability of the application services that you have requested us to provide. All other support services are documented in the Support Call Process.

  • Terms of the Agreement Each Party shall treat the terms of this Agreement as the Confidential Information of other Party, subject to the exceptions set forth in Section 7.2. Notwithstanding the foregoing, each Party acknowledges that the other Party may be obligated to file a copy of this Agreement with the SEC, either as of the Effective Date or at some point during the Term. Each Party shall be entitled to make such a required filing, provided that it requests confidential treatment of certain commercial terms and sensitive technical terms hereof to the extent such confidential treatment is reasonably available to it. In the event of any such filing, the filing Party shall provide the other Party with a copy of the Agreement marked to show provisions for which the filing Party intends to seek confidential treatment and shall reasonably consider and incorporate the other Party’s comments thereon to the extent consistent with the legal requirements governing redaction of information from material agreements that must be publicly filed. The other Party shall promptly provide any such comments.

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