Preparation and Provision of the Budget to the Bank Sample Clauses

Preparation and Provision of the Budget to the Bank. 2.1. The Budget shall be provided to the Bank not later than 3 (three) working days prior to the beginning of the Planning Period. The amendments to the Budget and the new Budget for the current Planning Period shall be transferred to the Bank 3 (three) working days prior to the first supposed payment. The Budget shall be provided with attachment of the minutes (abstract from the minutes) of the meeting of the Board of Directors of the Client, devoted to approval of the Budget. The minutes (abstract from the minutes) shall be executed in accordance with the requirements of the point 3.7 of this Process Scheme. The Bank on the basis of the documents, provided by the Client, shall check if the person, who certified the minutes (the abstract from the minutes) of the meeting of the Board of Directors of the Client, where the decision on the Budget approval was made, had the corresponding powers. The details of the agreements with the contractors, the numbers of the subitems of the Expense Items Code (hereinafter the “Expense Items Code” implies the code of the expense items, specified in the Budget), the amounts of limits of the Agreements (the subitems of the Expense Items Code), not specified in the Budget, as well as their changes, shall be provided by the Client to the Bank by means of Client-Sberbank System in the form of a scanned image of the document (letter), containing the abovementioned information, the signatures of the Chief Executive Officer and the Chairman of the Board of the Client, as well as in the form of Microsoft Excel 2003 file under the form, provided for by the Annex No. 4 to this Process Scheme. The sum of the limits of the subitems of the Expense Items Code shall not exceed the limit of the main item of the Expense Items Code. Both files shall be signed with the EDS of the Chairman of the Board of Directors and the EDS of the Chief Executive Officer of the Client or the person, who acts for him/her. In case the amount under each agreement (the subitems of the Expense Items Code), specified in this paragraph, document (letter) and file, does not exceed 750,000 (seven hundred and fifty thousand) rubles, it is permissible to have only the signature of the Chief Executive Officer of the Client in the document (letter), specified in this point; the files shall be signed only with the EDS of the Chief Executive Officer of the Client as well. In case of receipt of the files, not signed with the EDS in accordance with the requirements of thi...
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Related to Preparation and Provision of the Budget to the Bank

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  • Application and Operation of Agreement Table Of Contents

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