TERMS OF DISBURSEMENT. The obligation of the Lender to make disbursements under this Agreement shall be subject to the Borrower performing all its obligations and undertakings under this Agreement besides compliance by the Borrower with the disbursement procedure stipulated by the Lender, including submission of necessary information, documents, margin/matching contribution, tenure of Loan etc. to the satisfaction of the Lender.
TERMS OF DISBURSEMENT. The amount of financial assistance provided for in Section 1 will be paid by the Minister to WCI, Inc. in the following manner: 1° in the first quarter of 2016 or at the latest within thirty (30) days following the date of the last signature of this agreement, the Minister agrees to pay a first instalment of nine hundred forty-four thousand five hundred eighty-nine US dollars ($944,589 US);
TERMS OF DISBURSEMENT. Notwithstanding anything to the contrary contained herein, the Lender may, by notice to the Borrower, suspend or cancel further disbursements of the Loan if the Loan granted shall not have been fully drawn and shall not have been cancelled by the Lender.
TERMS OF DISBURSEMENT. The offering is subject to the Company converting its trade payables into Common shares of IUFC. Funds will be disbursed to the Company only if creditors of Receptagen accept the terms of conversion of the Company debt.
TERMS OF DISBURSEMENT. The client will open a bank account at the Bank that will issue the loan. In return, the client will make monthly payments including both principal and interest, in accordance with both the credit contract and the reimbursement plan approved.
TERMS OF DISBURSEMENT. (i) The Loan will be disbursed in one or more instalment(s) or in such other manner as may be decided by IREDA subject to the Borrower complying with the provisions of the Loan Agreement and the disbursement procedure stipulated by IREDA (including production/execution of evidences/documents required for disbursement) and the expenditure incurred on the Project being in consonance with the details mentioned in the Loan Agreement. All disbursements shall be by cheque(s)/ authorisation(s)/draft/s and the collection/remittance charges will be borne by the Borrower. The interest on the Loan will accrue as from the date of such cheque(s)/draft and, in the case of authorisation(s), from the value date as specified in the authorisation of the IREDA.
(ii) In the event of the IREDA agreeing to disburse any amount of the Loan pending creation of final security as stipulated in the Loan Agreement, the same may be disbursed on such terms as may be decided by the IREDA.
(iii) Upon execution of the Loan Agreement disbursements made by IREDA to the Borrower by way of interim loan/s, if any, shall be deemed to be disbursements made by the IREDA under the Loan Agreement and, accordingly, all the provisions of the Loan Agreement shall extend to and be applicable thereto.
TERMS OF DISBURSEMENT. The amount of financial assistance provided for in Section 1 will be paid by the Minister to WCI, Inc. in the following manner: 1° in the first quarter of 2020 or at the latest within thirty (30) days following the date of the last signature of this agreement, the Minister agrees to pay a first instalment of one million four hundred nine thousand seven hundred thirty- thee US dollars ($1,409,733 US); 2° in the first quarter of 2021, the Minister agrees to pay the balance of Québec’s contribution in the amount of one million seven hundred forty-five thousand nine hundred two US dollars ($1,745,902 US). The fiscal year of WCI, inc. starts on January 1st and ends on December 31st.
TERMS OF DISBURSEMENT. 2.3.1. Prior to receiving the Loan Facility, the Borrower/s shall provide the Lender with documents evidencing payment of his/their own contribution towards buying the Vehicle(s) / Asset(s), if any, to the satisfaction of the Lender.
2.3.2. The Lender may disburse the entire financed amount in one lump sum or in suitable installments in its sole discretion.
2.3.3. The Lender shall have the sole and absolute discretion to determine the manner of disbursement, which shall be deemed to be disbursement to the Borrower/s as contemplated under this agreement. In the case of purchase of new Vehicle(s) / Asset(s), the Loan Amount may, at the option of the Lender, be disbursed by the Lender directly to the direct marketing agent/dealer/manufacturer and such disbursement shall be deemed to be disbursement to the Borrower/s. In case of purchase of used Vehicle(s) / Asset(s), the Lender shall determine the manner of disbursement i.e. either to the seller / owner of the Vehicle / Asset or to the Borrower/s and such disbursement shall be deemed to be the disbursement to the Borrower/s as contemplated under this agreement for all purposes.
2.3.3.1. The Borrower/s has negotiated terms with the Supplier and has concluded the terms for acquisition of the Asset(s) including the cost and that the Asset(s) is suitable for the Borrower/s's use;
2.3.3.2. The Lender has had no role in the selection of the Asset selection of the Supplier(s), negotiation(s) of the purchase price of Asset, and that the Lender has made no representations towards the Asset, Supplier, asset price, asset specifications, etc.
2.3.3.3. The Borrower(s) shall be bound to ensure that the Facility Amount is being utilized only for the purchase of acquiring the Asset(s) described in Schedule I, and shall be subject to the terms, conditions and covenants contained in this Agreement. The Borrower shall be deemed to have committed a breach of trust/ misappropriation of money of the Lender if it is discovered that Facility Amount has been used other than for the purpose of acquiring Asset(s).
TERMS OF DISBURSEMENT. (1) The Borrower shall be required to submit a drawdown schedule to Exim Bank within 30 days from the date of the Loan Agreement. The Rupee Loan facility shall be made available to the Borrower in one or more disbursement(s) as may be decided by Exim Bank subject to the Borrower complying with the provisions of the Loan Agreement and the disbursement procedure stipulated by Exim Bank and provided the financing of the expenditure shall be in consonance with the details furnished to Exim Bank.
(2) Exim Bank shall make disbursement by payment for account of the Borrower to the credit of such account with a bank in India as may be advised by the Borrower. Exim Bank shall have the right to review the costs incurred and progress made by the Borrower in connection with the Project since the date of the first/previous disbursement before making further disbursement(s). All collection/remittance charges, if any, in respect thereof shall be borne by the Borrower. Interest on the disbursement shall begin to accrue from the date of transfer/authorisation by Exim Bank.
(3) Exim Bank may, at its discretion, deduct from sums to be lent and advanced by it to the Borrower, any monies then remaining due and payable by the Borrower to Exim Bank under any other account(s) of the Borrower.
TERMS OF DISBURSEMENT. The Enterprise will open a bank account at the Bank that will issue the loan. In return, the client will make monthly payments including both principal and interest, in accordance with both the credit contract and the reimbursement plan approved. Application Period: Title and reference of the Program: PASARP – ALB/99/R71 Executing Agency: UNOPS Funding source COOPERAZIONE UNOPS – ITALIANA through IFAD Contact person : Name and address General Objectives:
