PRE REQUISITES FOR DISBURSEMENT Sample Clauses

PRE REQUISITES FOR DISBURSEMENT i. In consideration of the Bank advancing to the Borrower/Co-Borrower(s) the said Loan, the Borrower/Co- Borrower(s) agrees and hereby exclusively hypothecates/agrees to hypothecate the vehicle(s) purchased /to be purchased together with all accessories and additions to or in the vehicle(s),as mentioned in the Schedule annexed hereto or addendum attached thereto, whether present or future, by way of first and exclusive charge to the Bank.
Sample 1
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PRE REQUISITES FOR DISBURSEMENT a. The Borrower agrees that there is no obligation on the part of the Bank to disburse the loan unless and until all the requirements are duly complied with by the Borrower and other internal procedures of the Bank are duly completed within reasonable time. Accordingly the Borrower agrees that date of execution of this agreement and other loan documents in favour of the Bank and actual date of disbursement may vary.
Sample 1
PRE REQUISITES FOR DISBURSEMENT i. In consideration of the Bank advancing to the Borrower/Co- Borrower(s) the said Loan, the Borrower/Co-Borrower(s) agrees and hereby exclusively hypothecates/agrees to hypothecate the vehicle(s)/machinery/ies purchased /to be purchased together with all accessories and additions to or in the vehicle(s)/machinery/ies, as mentioned in the Schedule annexed hereto or addendum attached thereto, whether present or future, by way of first and exclusive charge to the Bank.
Sample 1
PRE REQUISITES FOR DISBURSEMENT a. The Borrower agrees that there is no obligation on the part of the Bank to disburse the loan unless and until all the requirements are duly complied with by the Borrower and obtention of title clearance certificate from the Advocate of the Bank, search report/ Encumbrance Certificate from the Sub Registrar‟s Office, other revenue records as stipulated by the bank etc. and other internal procedures of the Bank are duly completed within reasonable time. Accordingly the Borrower agrees that date of execution of this agreement and other loan/ security documents in favour of the Bank and actual date of disbursement may vary. b. The Borrower shall obtain at his/her cost and produce for the satisfaction of the Bank a certificate from the Advocate/Solicitors approved by the Bank certifying that he/she will have clear marketable title to the land/flat/house proposed to be purchased by the Borrower and agree that Bank shall be entitled not to disburse any amount of the loan until such certificate has been produced by the Borrower.
Sample 1

Related to PRE REQUISITES FOR DISBURSEMENT

  • Pricing Increase Requests Subsequent to the first twelve (12) months of the Contract term and in accordance with the schedule for price adjustments established by OGS, Contractor may request an increase in the pricing contained in the Centralized Contract by submitting an update request based on change in pricing level as contained in Appendix C, Contract Modification Procedure to the OGS Contract Administrator. With any price increase request, in addition to the requirements contained in Appendix C, the Contractor must certify in writing that the price change for the Services is the same as its pricing in its GSA Supply Schedule, and that Contractor documents the request to the satisfaction of the State.

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

  • EFFECTIVE DATE/COMPLETION OF SERVICES 3.1 Notwithstanding any provision of this Agreement to the contrary, and subject to the approval of the Governor and Executive Council of the State of New Hampshire, if applicable, this Agreement, and all obligations of the parties hereunder, shall become effective on the date the Governor and Executive Council approve this Agreement as indicated in block 1.17, unless no such approval is required, in which case the Agreement shall become effective on the date the Agreement is signed by the State Agency as shown in block 1.13 (“Effective Date”).

  • Requesting Price Increase/Required Documentation Contractor must submit a written notification at least thirty (30) calendar days prior to the requested effective date of the change, setting the amount of the increase, along with an itemized list of any increased prices, showing the Contractor’s current price, revised price, the actual dollar difference and the percentage of the price increase by line item. Price change requests must include H-GAC Forms D Offered Item Pricing and E Options Pricing, or the documentation used to submit pricing in the original Response and be supported with substantive documentation (e.g. manufacturer's price increase notices, copies of invoices from suppliers, etc.) clearly showing that Contractor's actual costs have increased per the applicable line item bid. The Producer Price Index (PPI) may be used as partial justification, subject to approval by H-GAC, but no price increase based solely on an increase in the PPI will be allowed. This documentation should be submitted in Excel format to facilitate analysis and updating of the website. The letter and documentation must be sent to the Bids and Specifications manager, Xxxxxxx Xxxxxx, at Xxxxxxx.Xxxxxx@x-xxx.xxx Review/Approval of Requests If H-GAC approves the price increase, Contractor will be notified in writing; no price increase will be effective until Contractor receives this notice. If H-GAC does not approve Contractor’s price increase, Contractor may terminate its performance upon sixty (60) days advance written notice to H-GAC, however Contractor must fulfill any outstanding Purchase Orders. Termination of performance is Contractor’s only remedy if H-GAC does not approve the price increase. H-GAC reserves the right to accept or reject any price change request.

  • Completion of Concrete Pours and Emergency Work 24.14.1 Except as provided in this sub-clause an employee shall not work or be required to work in the rain.

  • FUNDING CONTINGENCY If Congress makes any change in law that will affect the amount of funds authorized to be paid under this Agreement, the affected provisions in this Agreement will be automatically revised to reflect such change in funding. Under no circumstance may a payment be made under this Agreement that is in excess of the amount authorized by law at the time such amount may be owed.

  • Interconnection Customer Compensation for Actions During Emergency Condition The CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff for its provision of real and reactive power and other Emergency Condition services that the Interconnection Customer provides to support the CAISO Controlled Grid during an Emergency Condition in accordance with Article 11.6.

  • BASIC CONDITIONS The State shall have no obligation to disburse money for the Project under this Grant Agreement until the Grantee has satisfied the following conditions:

  • Drawings Submitted During the Contract Term Where required to develop maintain and deliver diagrams or other technical schematics regarding the scope of work, Contractor shall do so on an ongoing basis at no additional charge, and must, as a condition of payment, update drawings and plans during the Contract term to reflect additions, alterations, and deletions. Such drawings and diagrams shall be delivered to the Authorized User’s representative.

  • Mandatory Conditions (a) Should the Employee or the Union fail to comply with any time limit in the grievance procedure, the grievance will be considered to be abandoned, unless the Parties have mutually agreed in writing to extend the time limits.

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