Standby arrangement definition

Standby arrangement means a line of credit, letter of credit, or other financial arrangement with a financial institution or lending entity that allows for ready access to money.
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Standby arrangement means Standby Arrangement provided by the distribution licensee in case the Green Energy Open Access consumer is unable to procure / schedule power from the generating sources with whom they have the arrangement to avail the supply due to outages of such generators, transmission assets and the like.
Sample 1
Standby arrangement means Standby Arrangement provided by the distribution licensee in case the Green Energy Open Access consumer is unable to procure / schedule power from the generating sources with which they have the arrangement to avail the supply due to outages of
Sample 1

Examples of Standby arrangement in a sentence

  • The reference to leaving the Hospital premises referred to above will not be applicable where an employee remains in the Hospital on Standby arrangement with the Hospital.

  • The authorities in BiH intend to address these issues in the context of the forthcoming IMF programme.The new IMF Stand-by arrangement, to be approved by the IMF board shortly, focuses on policies to achieve post-reconstruction growth through a continued commitment to the currency board arrangement and further significant fiscal consolidation.

  • The reference to leaving the hospital premises referred to above will not be applicable where an employee remains in the Hospital on Standby arrangement with the Hospital.

  • This level of analysis, however, does not guide day-to-day investment decision making for IT.

  • In the National Reform Programme (2011 – 2013)25, the Romanian Government had admitted that the Social Dialogue Law was promoted “according to the commitments undertaken by Ro- mania under the Stand-by arrangement concluded with International Monetary Fund, in order to render more flexible the system of collective labour agreement and to strengthen the social dia- logue”.

  • The Commission is proposing that the Community makes available to BiH further macro- financial assistance in the amount of up to EUR60 million as a complement of the new IMF 15-month Stand-by arrangement.

  • Thus, if you can borrow at a lower price, there is no reason not to do it, especially given that there will be practically no conditioning of these loans by the IMF, unlike, for example, the so-called Stand-by arrangement.

  • The risks of an uncertain macroeconomic situation had been identified earlier in the program document, although given a moderate ranking on the assumption that such a risk would be mitigated by an IMF Stand-by arrangement, the Bank's PRESO and the Fiscal Responsibility and Debt Limitation Act of the GoP.

  • As per the IMF staff reports published in 2009, an update of safeguards assessment of the CBBH has been initiated, and completed under the 2009 Stand-by arrangement (SBA).

  • Four long-term bond issues in 2006 for a total of US$3.5 billion enabled the Government to prepay all outstanding debt to the IMF and cancel an ongoing Stand-by arrangement.

Related to Standby arrangement

  • legal arrangement means a trust or other similar arrangement;

  • Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date between Borrower, as Applicant, and GE Capital, as Issuer.

  • Standby L/C an irrevocable letter of credit under which the Issuing Lender agrees to make payments in Dollars for the account of Borrower, on behalf of Borrower or any Qualified Subsidiary in respect of obligations of Borrower or such Subsidiary incurred pursuant to contracts made or performances undertaken or to be undertaken or like matters relating to contracts to which Borrower or such Qualified Subsidiary is or proposes to become a party in Borrower’s or such Qualified Subsidiary’s business, including, without limiting the foregoing, for insurance purposes or in respect of advance payments or as bid or performance bonds or for any other purpose for which a standby letter of credit might customarily be issued.

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Treasury Management Arrangement means any agreement or other arrangement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Travel Arrangements means: (a) transportation: (b) accommodations: and (c) other specified services arranged by the Travel Supplier for the covered trip.

  • Standby is displayed, followed by a message stating “Bidding started”. Enter your “Start bid”.

  • referral arrangement means any arrangement in which a registrant agrees to pay or receive a referral fee;

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • Standby Fee With respect to each Mortgage Loan and each REO Loan, the fee designated as such and payable to the Special Servicer pursuant to the second paragraph of Section 3.11(c).

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • General Arrangement Drawings shall have the meaning set forth in Clause 3.1 (iii) (b);

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

  • Facility Letter means, in relation to any Facilities, such facility letters from Citibank to me or any agreement, document or instrument or arrangement from time to time made between Citibank and me relating to such Facilities, whether they are expressed to be subject to the Terms or otherwise.

  • Management Arrangements means the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Specification, the Service Levels, the Award Procedures and the terms of this Framework Agreement, set out in Schedule 4.

  • Foreign Government Scheme or Arrangement has the meaning specified in Section 5.12(d).

  • Unit Price Arrangement means that part of the Contract that prescribes the product of a price per unit of measurement multiplied by a number of units of measurement for performance of the Work to which it relates;

  • Letter of Understanding means the written agreement signed by the School District and the Architectural Designer that describes, attaches, incorporates, or explains the Scope or Scope of Work, the Task Order, the Project Schedule or Work Schedule, the basis of the applicable Fee method, and other requirements for individual Projects assigned by the School District.

  • Standby Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).