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 and compliance of the condition stipulated in Article 1.14 of this Agreement.
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° 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 sixty-eight thousand five hundred and twelve US dollars ($968,512 US);
TERMS OF DISBURSEMENT. The offering is subject to the Company converting its trade payables into Common shares of IUFC. Funds will be disbursed to the Company only if creditors of Receptagen accept the terms of conversion of the Company debt.
TERMS OF DISBURSEMENT. Notwithstanding anything to the contrary contained herein, the Lender may, by notice to the Borrower, suspend or cancel further disbursements of the Loan if the Loan granted shall not have been fully drawn and shall not have been cancelled by the Lender.
TERMS OF DISBURSEMENT. The amount of financial assistance provided for in Section 1 will be paid by the Minister to WCI, Inc. in the following manner: 1° in the first quarter of 2022 or at the latest within thirty (30) days following the date of the last signature of this agreement, the Minister agrees to pay a first instalment of one million five hundred thirty-five thousand six hundred twenty- six US dollars ($ 1,118,509 US); 2° in the first quarter of 2023, the Minister agrees to pay the balance of Québec’s contribution in the amount of one million six hundred eighteen thousand three hundred eighty-five US dollars ($ 1,121,590 US). The fiscal year of WCI, inc. starts on January 1st and ends on December 31st.
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.
TERMS OF DISBURSEMENT. The client will open a bank account at CREDINS Bank or an associate financial entity, which 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. 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.
TERMS OF DISBURSEMENT. 1 The Bank shall, subject to provision of this agreement and sanction letter and unless agreed between the Borrower and the Bank otherwise, disburse the Loan in in one or more tranches by issuing a Banker’s Payment Order or a Demand Draft crossed as “A/c Payee Only” or National Electronic Fund Transfer or Real Time Gross Settlement System :
TERMS OF DISBURSEMENT. 2.2.1. The Borrower may draw the Facility up to the sanctioned amount in one or two or more tranches, till 6 months from the date of this loan agreement subject to the Bank having received and found satisfactory the following:
