Independent payment definition

Independent payment means that the borrower independently pays the borrower to the borrower and the agreed purpose after issuing the loan funds to the borrower’s account. If the borrower’s independent payment method is adopted, the borrower shall report the payment of the loan funds to the lender regularly, and the lender has the right to check whether the loan payment conforms to the agreed purpose by means of account analysis, voucher inspection, on-site adjustment, etc.
Sample 1
Independent payment means that after Bank of Beijing releases the loan funds to the Borrower’s account according to the Borrower’s withdrawal application, the Borrower shall independently pay the loan funds to the Borrower’s counterpart conforming to the purpose agreed herein. Guarantee document: refers to any guarantee contract, guarantee terms, guarantee letter and other documents and commitments which are established and signed or agreed by the guarantor. Actual controller: refers to the natural person controlling shareholder of the borrower/guarantor, or a natural person who can effectively control the conduct of the borrower/guarantor through an investment relationship, agreement or other arrangement.
Sample 1Sample 2
Independent payment it means that after Bank of Beijing releases the loan funds to the borrower’s account according to the borrower’s withdrawal application, the borrower will make independent payment to the borrower’s counterparty that meets the purpose agreed in this contract.
Sample 1

Examples of Independent payment in a sentence

  • Independent payment means that the Credit Applicant shall independently pay the transaction object of the Credit Applicant that meets the purposes agreed in this Agreement after the Credit Grantor distributes the credit funds to the account of Credit Applicant according to the withdrawal application of the Credit Applicant.

  • Independent payment means that Party B pays the loan proceeds independently to its transaction counterparties for the agreed purpose after Party A disburses the loan amount to Party B's account upon receipt of Party B's drawdown application.

  • An Independent payment to OEHHA shall be delivered directly to OEHHA, either at (a) 1001 I Street, Mail Stop 12-B, Sacramento, California 95814, Attn: Mike Gyurics; (b) P.O. Box.

  • Independent payment of the Borrower means that the Lender distributes the loan funds to the Borrower’s account directly based on the Borrower’s withdrawal application, and the Borrower independently pays the loan funds to its counterparty that conforms to the purpose agreed herein.

  • Independent payment by the borrower means that after the lender pays the loan capital to the account of the borrower, the borrower independently makes payment to the trading counterparty of the borrower in line with the loan purpose agreed herein.

  • Independent payment means payment by Party B itself to its counterparty for the purpose as agreed herein with the loan advanced to its account by Party A pursuant to Party B’s utilization request.

  • Independent payment means that after Party A originates the loan to the account of Party B, Party B pays the loan to the transaction party of Party B compliant with the uses specified herein.

  • Independent payment is after Party A issues the loan funds to Party B’s account according to Party B’s application, Party B shall independently pay to Party B’s counterparty that meets Party A’s requirements of Party A.

  • Independent payment means that, after Party A disburses the loan funds to Party B's account according to Party B's application for withdrawal, and Party B will pay the same independently to its counterparties who meet the agreed purposes.

  • Independent payment of the borrower, the lender will transfer the loan capital to the account of the borrower according to the withdrawal application of the borrower and the borrower shall pay the capital to the transaction counterpart that has met the loan purpose specified in the contract.

Related to Independent payment

  • Independent Amount means zero with respect to Party A and Party B.

  • Independent Valuer means Massarsky Consulting, Inc., appointed by the Board to independently value the Company’s Catalogues within the Portfolio;

  • Independent Accounting Firm has the meaning set forth in Section 2.05(c).

  • Independent adjuster means an insurance adjuster required to be licensed under

  • Independent Party means, with respect to a BDC Downstream Fund, (i) if the BDC Downstream Fund has a board of directors (or the equivalent), the board or (ii) if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee of the BDC Downstream Fund.

  • Independent Tax Counsel means a lawyer, a certified public accountant with a nationally recognized accounting firm, or a compensation consultant with a nationally recognized actuarial and benefits consulting firm with expertise in the area of executive compensation tax law, who shall be selected by the Board, and whose fees and disbursements shall be paid by the Company.

  • Independent Consideration shall have the meaning as set forth in Section 2.14.

  • Independent Valuation Provider means any of Xxxxxxx & Marsal, Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Capital, Inc., Duff & Xxxxxx LLC, Xxxxxx, Xxxxxx and Company, Lincoln Partners Advisors, LLC, Xxxxx Xxxxxx Xxxx, LLC and Valuation Research Corporation and Xxxxx, or any other Independent nationally recognized third-party appraisal firm selected by the Administrative Agent, and reasonably acceptable to the Borrower.

  • Independent physician means a physician who is chosen by the resident of the assisted living facility and who has no financial interest in the assisted living facility, directly or indirectly, as an owner, officer, or employee or as an independent contractor with the residence.

  • Independent study means a subject/program/activity that a person pursues autonomously that meets standards for approval criteria in the rules and includes a posttest.

  • Independent student means one whose parents have surrendered the right to his care, custody and

  • Independent provider means a self-employed person who provides services for which he or she must be certified in accordance with rule 5123:2-2-01 of the Administrative Code and does not employ, either directly or through contract, anyone else to provide the services.

  • Independent Accountant has the meaning set forth in Section 2.04(c)(iii).

  • Independent Valuation has the meaning set forth in Section 1.68(d).

  • Independent Person means a person appointed under section 28(7) of the 2011 Act;

  • Independent living means a planned program of services designed to assist a child age 16 and over

  • Independent Auditor has the meaning specified in Section 6.01(a).

  • Independent Qualified Party means an investment banking firm, accounting firm or appraisal firm of national standing; provided, however, that such firm is not an Affiliate of the Company.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • Independent Verification means that an evaluation is undertaken and reported by an individual or body whose organisation, systems and procedures conform to ISO Guide 65:1996 (EN 45011:1998) General requirements for bodies operating product certification systems (as amended form time to time) or equivalent, and who is accredited to audit against forest management standards by a body whose organisation, systems and procedures conform to ISO 17011: 2004 General Requirements for Providing Assessment and Accreditation of Conformity Assessment Bodies (as amended from time to time) or equivalent.

  • Independent Advisor means a reputable accounting, appraisal or nationally recognized investment banking, engineering or consulting firm (a) which does not, and whose directors, officers and employees or Affiliates do not, have a direct or indirect material financial interest in the Company and (b) which, in the judgment of the Board of Directors of the Company, is otherwise disinterested, independent and qualified to perform the task for which it is to be engaged.

  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • Independent Adviser means an independent financial institution of international repute or an independent financial adviser with appropriate expertise appointed by the Issuer under Condition 5(j)(i).

  • Independent Auditors has the meaning set forth in Section 3.2.

  • Independent school means a school which is an efficient school within the meaning of the School Education Act 1999 and which is not administered by or on behalf of the Government of Western Australia.

  • Independent living services means services and activities provided to a child in foster care 14 years