Common use of Successful disbursement Clause in Contracts

Successful disbursement. (a) If the consequence of a check undertook in course of any Procedure under this Chapter (IV.) of Rules is “successful disbursement”, then: (i) the respective Procedure ends; and (ii) Payment Oracle will not undertake any further actions, including signing of the Transaction_repayment, under this Chapter (IV.) of Rules. (b) When, while executing any Procedure under this Chapter (IV.), Payment Oracle is in reasonable doubt about whether any of the conditions for the “successful disbursement” consequence has been met, it is entitled to end the Procedure concerned (inconclusive).

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Payment and Price Oracle Agreement

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