Required Selection Sample Clauses
The Required Selection clause mandates that a party must make a specific choice or designation as stipulated in the agreement. In practice, this could involve selecting a particular product model, service option, or delivery method from a list provided by the other party, often within a set timeframe. This clause ensures that the contract can proceed smoothly by clarifying expectations and preventing delays or disputes that might arise from indecision or lack of communication.
Required Selection. For each Advance, the Borrower must select, at the time of requesting the respective Advance, the particular prepayment/refinancing privilege that is to apply to such Advance from between the options described in sections 12.2 and 12.3 of this Agreement, subject to terms acceptable to the Administrator.
Required Selection. For each Advance, the Borrower must select, at the time of requesting the respective Advance, the particular principal repayment method that is to apply to such Advance from between the options described in sections 10.2 and 10.3 of this Agreement.
Required Selection. For each Advance, the Qualified Issuer must select, at the time of requesting the respective Advance, the particular prepayment privilege that is to apply to such Advance from between the options described in sections 11.2 and 11.3 of this Agreement.