Provision of Funds definition

Provision of Funds means holding funds in a Settlement Account (in particular: in the Settlement Account specified in a Guarantee Application, in an order to issue a Letter of Credit or in a separate instruction placed by the Customer) which are not blocked and are free from garnishment and any other encumbrances in favour of third parties and the Bank and which fully cover the payments the Bank must make to the Beneficiary under the Letter of Credit or Guarantee.
Sample 1

Examples of Provision of Funds in a sentence

  • Sections 5.01 (Project Execution Generally), 5.02 (Performance under the Loan Agreement and Project Agreement), 5.03 (Provision of Funds and other Resources), 5.04 (Insurance), 5.05 (Land Acquisition), 5.06 (Use of Goods, Works and Services; Maintenance of Facilities), 5.07 (Plans; Documents; Records), 5.09 (Financial Management; Financial Statements; Audits) and Paragraph (b) of Section 5.11 (Visits) are not applicable to this Agreement.

  • The importance of amateur culture in the Slovenian cultural landscape is reflected in the fact that this is one of those fields that has been included since 1998 in the Provision of Funds for Certain Vital Cultural Programmes of the Republic of Slovenia Act (see also chapter 5.2).

  • The LLL for the mutual fund portfolio comprising Provision of Funds to PT.

  • GNS Provision of Funds for Worker Training and Marketing Port Hawkesbury reports that as part of PWCC’s plan for restructuring NPHH, it sought a commitment by the GNS to provide funding going forward, in the event that PWCC was successful in purchasing NPPH.

  • Deducting Cash Balances and Investments from the Total Debt and Other Obligations, the Net Provision of Funds is obtained.The Gujarat Government defines its public debt by considering only item (i) above.

  • Scenario 2 (Provision of Funds and Economic Resources Directly): Entity X is designated on the UN consolidated list.

  • X without recourse in the amount of Rp 150,000,000 (one hundred and fifty million rupiahs), and thus for the Bank LLL, the claim is stipulated as Provision of Funds to PT.

  • The scope of the regulatory provisions in this letter cover the form of binding or agreement or terms and conditions stipulated for Provision of Funds recorded on balance sheet and in off balance sheet items.

  • And because none of the other facts presented in the request demonstrate such a relationship, this factor weighs against finding that RYAM’s SSF and Rayonier’s SSF are affiliated.(G)-(H) Providing Funds or Goods and Arranging for the Provision of Funds or Goods Factor (G) considers whether a sponsoring organization provides funds or goods in a significant amount or on an ongoing basis to the other sponsoring organization or committee.

  • He received a bachelor degree in Environmental Science and Chemistry, which he used performing analytical chemistry work in the laboratory.

Related to Provision of Funds

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • REIT Provisions of the Code means Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.

  • Redemption Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • Special Purpose Provisions has the meaning specified in Section 11.02 of the LLC Agreement.

  • statutory provision means a provision of an Act or of an instrument made under an Act.

  • CREFC® Reconciliation of Funds Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Reconciliation of Funds Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Supplemental Provisions means these Supplemental Provisions for Federally Funded Contracts, Grants, and Purchase Orders subject to the Federal Funding Accountability and Transparency Act of 2006, As Amended, as may be revised pursuant to ongoing guidance from the relevant Federal or State of Colorado agency or institution of higher education.

  • Solicitation Amendment (or Addendum means a written document that is authorized by the Procurement Officer and issued for the purpose of making changes to the Solicitation.

  • Flow of Funds Agreement means a flow of funds agreement, dated as of even date herewith, in form and substance reasonably satisfactory to Agent, executed and delivered by each Loan Party and Agent.

  • former provisions means the provisions of the Petroleum Act 1936 which, by force of section 134 of the Petroleum Act are deemed to subsist and enure in their application to or in relation to the Xxxxxx Island Lease;

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Subsidiary Agreement means the agreement referred to in Section I.B of Schedule 2 to this Agreement pursuant to which the Recipient shall make part of the proceeds of the Financing available to the Project Implementing Entity.

  • Mandatory Trigger Provision means, as to any Qualifying Capital Securities, provisions in the terms thereof or of the related transaction agreements that:

  • Limitation of Liability PrimePay has negotiated preferred terms and conditions with FD as a service to PrimePay Clients. Client understands that FD, and not PrimePay, will be performing those services and that Client will enter its own service agreement(s) with FD for such services under terms and conditions specified by FD and agreed to by Client. Accordingly, Client acknowledges that FD shall be the provider of Payment Processing Services hereunder and that PrimePay shall have no liability whatsoever for or related to the performance of those services, including any and all damages, costs and related expenses (including attorney fees).

  • Transfer Provisions means the provisions of Section 00-00-000 of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • provisions means "provisions, terms, agreements, covenants and/or conditions"; (iii) "lien" shall mean "lien, charge, encumbrance, title retention agreement, pledge, security interest, mortgage and/or deed of trust"; (iv) "obligation" shall mean "obligation, duty, agreement, liability, covenant and/or condition"; (v) "any of the Leased Premises" shall mean "the Leased Premises or any part thereof or interest therein"; (vi) "any of the Land" shall mean "the Land or any part thereof or interest therein"; (vii) "any of the Improvements" shall mean "the Improvements or any part thereof or interest therein"; (viii) "any of the Equipment" shall mean "the Equipment or any part thereof or interest therein"; and (ix) "any of the Adjoining Property" shall mean "the Adjoining Property or any part thereof or interest therein".

  • Express Waiver I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Form of Agreement means the form of agreement contained in Part D of the RFP;

  • Communications Provisions means the Communications Provisions in [Part 10, Chapter 4] of the General Regulations.

  • Special Provisions Special Provisions are specific conditions or requirements peculiar to the contract under consideration and are supplemental to the General Provisions. Should the Special Provisions conflict with the General Provisions, the Special Provisions shall prevail.