Proof of credit Sample Clauses

Proof of credit. The Bank’s statements of account, records and, in general, accounting results are proof of the principal and interest of the credit and anything else due under this contract.
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Proof of credit. Dispatch of Debenture Certificates;
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Proof of credit. Statements of accounts, entries and, in general, the accounting results of the Agent Bank shall be plentiful evidence under any circumstances and to all effects of the Beneficiary’s debit, except for patent errors, gross negligence or fraudulent intention, or subsequent evidence to the contrary.
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Proof of credit. Finally the Borrower expressly approves - pursuant to Decree no. 343 of the Interministerial Committee for Credit and Savings of 3/08/2016, issued to implement Art. 17-bis of law no. 49/2016 converting “banking decree” no. 18/2016, and published on Official Gazette no. 212 of 10/09/2016 and, as far as necessary, also pursuant to Art. 1341 of the Italian Civil Code – Art. 5 (late-payment interest and the method used to calculate it). MILAN, 16/07/2020 KALEYRA S.P.A., A SINGLE MEMBER COMPANY /s/ Xxxx Xxxxxxxx Papa (Borrower) Finally, the Borrower declares that it has received a copy of this contract, including its annexes, consisting of 15 pages joined together by a holographic band. MILAN, 16/07/2020 KALEYRA S.P.A., A SINGLE MEMBER COMPANY /s/ Xxxx Xxxxxxxx Papa (Borrower) ************************ Annex A FINANCIAL PARAMETERS to be applied to the 2020, 2021, 2022 consolidated financial statements:
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Proof of credit. Finally, pursuant to Decree no. 343 of the Interdepartmental Committee for Credit and Savings of 3/08/2016, issued in implementation of Art. 17-bis of Law No. 49/2016 converting “bank decree” No. 18/2016, published in the Official Gazette no. 212 of 10 September 2016 and, as far as may be necessary, also pursuant to Art. 1341 of the Italian Civil Code, the Borrower expressly approves the content of Art. 5 (late-payment interest and calculation methods). KALEYRA S.p.A. MILAN 25/07/2019 /s/ Xxxxx Xxxxxxxx (Borrower) Finally, the Borrower declares that it has received a copy of this contract, including its annexes, consisting of 12 pages joined together by a holographic band. KALEYRA S.p.A. MILAN 25/07/2019 /s/ Xxxxx Xxxxxxxx (Borrower) ANNEX A MI PORTA VITTORIA BRANCH APPLICATION NO. 0185046652141 LOAN NO. OIC1043958525 OWNER :KALEYRA SPA AMOUNT OF THE LOAN EURO 4,000,000.00 TOTAL NUMBER OF INSTALMENTS :16 INTEREST RATE ON PRINCIPAL : 2.2560000 INSTALMENT NO. DUE DATE PRINCIPAL PORTION REM. DEBT ON PRINCIPAL ACCOUNT 1 25/10/2019 239,593.49 3,760,406.51 2 25/01/2020 240,944.80 3,519,461.71 3 25/04/2020 242,303.73 3,277,157.98 4 25/07/2020 243,670.32 3,033,487.66 5 25/10/2020 245,044.62 2,788,443.04 6 25/01/2021 246,426.67 2,542,016.37 7 25/04/2021 247,816.52 2,294,199.85 8 25/07/2021 249,214.20 2,044,985.65 9 25/10/2021 250,619.77 1,794,365.88 10 25/01/2022 252,033.27 1,542,332.61 11 25/04/2022 253,454.74 1,288,877.87 12 25/07/2022 254,884.22 1,033,993.65 13 25/10/2022 256,321.76 777,671.89 14 25/01/2023 257,767.42 519,904.47 15 25/04/2023 259,221.23 260,683.24 16 25/07/2023 260,683.24 0.00 Annex B
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Proof of credit. Finally the Borrower expressly approves – pursuant to Decree no. 343 of the Interministerial Committee for Credit and Savings of 3/08/2016, issued to implement Art. 17-bis of law no. 49/2016 converting “banking decree” no. 18/2016, and published on Official Gazzette no. 212 of 10/09/2016 and, as far as necessary, also pursuant to Art. 1341 of the Civil Code, the content of this article – Art. 5 (interest on arrears and the method used to calculate them).
Sample 1
Proof of credit. The statements of account, records and in general the accounting records of the "Bank" will always have the value of full proof (except in the event of material error) in any venue and for any effect of the credit to the "Company," if not answered by the "Company," indicating its reasons, within 90 (ninety) days of receipt.
Sample 1
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Related to Proof of credit

  • of Credit Agreement Section 1.1(b)(i) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Letter of Credit Obligations In the event any Letters of Credit are outstanding at the time that the Revolving Loan Commitment is terminated, Borrower shall deposit with Agent for the benefit of all Revolving Lenders cash in an amount equal to 105% of the aggregate outstanding Letter of Credit Obligations to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any Fees and expenses related thereto.

  • Requesting Letters of Credit (a) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the LC Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the LC Issuer, by personal delivery or by any other means acceptable to the LC Issuer. Such Letter of Credit Application must be received by the LC Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and the LC Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the LC Issuer: (i) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (ii) the amount thereof; (iii) the expiry date thereof; (iv) the name and address of the beneficiary thereof; (v) the documents to be presented by such beneficiary in case of any drawing thereunder; (vi) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (vii) the purpose and nature of the requested Letter of Credit; and (viii) such other matters as the LC Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the LC Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the LC Issuer may require. Additionally, the Borrower shall furnish to the LC Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the LC Issuer or the Administrative Agent may require. If any provisions of any Issuer Document conflict with any provisions of this Agreement, the provisions of this Agreement shall govern and control.

  • Revolving Line of Credit From time to time prior to the expiration of the Term, so long as an Event of Default has not occurred or if an Event of Default has occurred, such Event of Default has been timely remedied, Lender will, in its Discretion and subject to the terms and conditions set forth in this Agreement, make Revolving Loans to Borrower in such amounts as Borrower may request, provided that the aggregate principal amount of all Revolving Loans shall not exceed the lesser of the Revolving Advance Limit or the Borrowing Base. Borrower may request from time to time Revolving Loan advances by submitting a signed, completed Borrowing Base Certificate to Lender, in each case given no later than 1:00 p.m. (Eastern time) on the Business Day of the proposed Revolving Loan advance. Subject to the terms and conditions of this Agreement, Lender will make the proceeds of each such requested Revolving Loan advance available to Borrower on the day requested by transferring funds to Borrower's Operating Account or as otherwise instructed by Borrower. Lender shall not be obligated to make Revolving Loans to Borrower at any time; each Revolving Advance which is made under this Agreement will be made at the option of, and in the Discretion of, Lender. The Revolving Loans will not be evidenced by a promissory note and a copy of Lender's books and records related to the Revolving Loans shall constitute prima facie evidence of the outstanding amount of Revolving Loans. The Revolving Loans will be due and payable upon the earlier of the occurrence of an Event of Default or the expiration of the Initial Term. Should an Overadvance exist, Borrower shall immediately make principal reduction payments of such excess to Lender as are required to reduce the outstanding balance of the Revolving Loans such that no Overadvance exists. For each Revolving Loan made to Borrower via wire transfer, Borrower shall pay Lender an Electronic Payment Fee of $25.00, or such other amount as Lender shall customarily charge its Borrowers for the cost and expense of making electronic transfers of funds.

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.

  • No Extension of Credit The Company has not, directly or indirectly, including through a Subsidiary, extended credit, arranged to extend credit, or renewed any extension of credit, in the form of a personal loan, to or for any director or executive officer of the Company.

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