Procedures for and Terms and Conditions of Subloans Sample Clauses

Procedures for and Terms and Conditions of Subloans. (a) The Participating Financial Institutions shall make available Participation Loans to Exporting Enterprises, provided that IGA shall not permit a Participating Financial Institution to include in a Subloan or Subloans to any one Exporting Enterprise more than 10% of the portions of the Credit and any other funding available for Participation Loans; (b) the Participating Financial Institutions shall make available guarantees of Subloans, provided that IGA shall not permit a Participating Financial Institution to include in a Subloan guaranteed portion that is more than 10% of the Credit. (ba) the term of the Subloans shall be up to one year;
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Procedures for and Terms and Conditions of Subloans. (a) The Participating Financial Institutions shall make available Participation Loans to Exporting Enterprises, provided that IGA shall not permit a Participating Financial Institution to include in a Subloan or Subloans to any one Exporting Enterprise more than 10% of the portions of the Credit and any other funding available for Participation Loans; (b) the term of the Subloans shall be up to one year; (c) the Exporting Enterprises shall make payment of interest and other charges and repayment of principal in foreign currency; and (d) the Exporting Enterprises shall make repayment in one or more installments no later than the date of scheduled receipt of export proceeds from the Export Project. 2. No expenditures for goods or Working Capital required for an Export Project shall be eligible for financing out of the proceeds of the Credit unless the Subloan for such Export Project shall have been approved by the Association and such expenditures shall have been made not earlier than ninety (90) days prior to the date on which the Association shall have received the application and information required under paragraph 3 (a) of this Section in respect of such Subloan. 3. When presenting a Subloan to the Association for approval, a Participating Financial Institution shall, through IGA, furnish to the Association an application, in form satisfactory to the Association, together with: (i) a description of the Exporting Enterprise and an appraisal of the Export Project, including a description of the expenditures proposed to be financed out of the proceeds of the Credit; (ii) the proposed terms and conditions of the Subloan, including the schedule of amortization of the Subloan; and (iii) such other information as the Association shall reasonably request. 4. Subloans shall be made on terms whereby each Participating Financial Institution shall obtain, by written contract with the concerned Exporting Enterprise or by other appropriate legal means, rights adequate to protect the interests of the Borrower, the Association and IGA, including, in the case of any Subloan, the right to: (a) require the Exporting Enterprise to carry out and operate the Export Project with due diligence and efficiency and in accordance with sound technical, financial, managerial, export and environmental standards and practices, and to maintain adequate records; (b) require that: (i) the goods, consultants’ services and Working Capital to be financed out of the proceeds of the Credit sh...
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Related to Procedures for and Terms and Conditions of Subloans

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • General Terms and Conditions of the Notes Section 201.

  • Standard Terms and Conditions Executive expressly understands and acknowledges that the Standard Terms and Conditions attached hereto are incorporated herein by reference, deemed a part of this Agreement and are binding and enforceable provisions of this Agreement. References to “this Agreement” or the use of the term “hereof” shall refer to this Agreement and the Standard Terms and Conditions attached hereto, taken as a whole.

  • TERMS AND CONDITIONS OF AGREEMENT INSURANCE REQUIREMENTS: During the term of this Agreement, consultant/contractor shall maintain insurance documentation per the limits and requirements outlined:

  • Definitions of Words and Terms Capitalized words used in this Agreement which are not otherwise defined herein shall have the meanings set forth in the Annex of Definitions attached hereto.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • Issuance and Terms of Equipment Notes The Equipment Notes shall be dated the date of issuance thereof, shall be issued in three separate series consisting of Series A, Series B and Series C and in the maturities and principal amounts and shall bear interest as specified in Schedule I hereto. On the date of the consummation of the Transactions, each Equipment Note shall be issued to the Subordination Agent on behalf of the Pass Through Trustees under the Pass Through Trust Agreements. The Equipment Notes shall be issued in registered form only. The Equipment Notes shall be issued in denominations of $1,000 and integral multiples thereof, except that one Equipment Note of each Series may be in an amount that is not an integral multiple of $1,000. Each Equipment Note shall bear interest at the Debt Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on the unpaid Original Amount thereof from time to time outstanding, payable in arrears on April 1, 1998, and on each October 1 and April 1 thereafter until maturity. The Original Amount of each Equipment Note shall be payable on the dates and in the installments equal to the corresponding percentage of the Original Amount as set forth in Schedule I hereto which shall be attached as Schedule I to the Equipment Notes. Notwithstanding the foregoing, the final payment made under each Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, such Equipment Note. Each Equipment Note shall bear interest at the Payment Due Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any part of the Original Amount, Make-Whole Amount, if any, and, to the extent permitted by applicable Law, interest and any other amounts payable thereunder not paid when due for any period during which the same shall be overdue, in each case for the period the same is overdue. Amounts shall be overdue if not paid when due (whether at stated maturity, by acceleration or otherwise). Notwithstanding anything to the contrary contained herein, if any date on which a payment under any Equipment Note becomes due and payable is not a Business Day then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day and if such payment is made on such next succeeding Business Day, no interest shall accrue on the amount of such payment during such extension.

  • Terms and Conditions of Use NASCAR shall have the right to use and sublicense PROMOTER’s Marks in connection with publicity, promotion or advertising of the Event and the NASCAR Sprint Cup Series, and the exploitation of Live Broadcast Rights and Ancillary Rights, provided, however, that NASCAR shall not, without the prior written consent of PROMOTER, use or sublicense the use of PROMOTER’s Marks on the branding of any retail package product, unless otherwise expressly permitted in this Agreement.

  • Terms and Conditions of Sales Shares shall be offered for sale only in those jurisdictions where they have been properly registered or are exempt from registration or for which appropriate notice filings have been made, and only to those groups of people which the Board may from time to time determine to be eligible to purchase such shares.

  • PRICES AND TERMS Price Structure Standard Product: all Participating Consumers are enrolled in this option unless they opt out. This product includes the statutory mix plus voluntary RECs to bring total mix to % Green. Optional Greener Products: to enroll in this option participant must affirmatively opt in. This product includes the statutory mix plus voluntary RECs equal to % of the load plus RECs to bring total mix to % Green Optional Least Expensive Product: to enroll in this option participant must affirmatively opt in. This product includes the statutory mix, no additional voluntary RECs. Terms for System Supply Service Renewable Energy in System Supply:

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