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 whomthey have the arrangement to avail the supply due to outages of such generators, transmission assets and the like.
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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.

  • In case, it is not possible to repair some equipment or not possible to repair at site and has to be taken out for repairs, THE BIDDER shall provide a suitable replacement as Standby arrangement within 24 hours so that the work is not hampered.

  • Standby arrangement to be made in case the equipment is to be taken to workshop for repairs.

  • Stand-by arrangement to be made in case the equipment is to be taken to workshop for repairs.

  • In case, it is not possible to repair some equipment or not possible to repair at site and has to be taken out for repairs, the bidder shall provide a suitable replacement as Standby arrangement so that the work is not hampered.

  • The provisions of this Act are in addition to, and do not derogate from, the provisions of the Scaffolding and Lifts Act 1912.

  • Subject to the provisions of Article 2, the first instalment is to be released on the basis of an agreement between Bosnia and Herzegovina and the IMF on Stand-by arrangement.

  • In case, it is not possible to repair some equipment or not possible to repair at site and has to be taken out for repairs, THE BIDDER shall provide a suitable replacement as Standby arrangement within 48 hours so that the work is not hampered.

  • Stand-by arrangement with the International Monetary Fund from 2009 (IMF, 2010a) was only partially carried out, since the government had no power to enforce a savings program due to political aims.

  • Standby arrangement to be made in case the equipment is to be taken to workshop for repairs or item is not usable.

Related to Standby arrangement

  • 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.

  • Standby Letter of Credit means any Letter of Credit issued under the Letter of Credit Facility, other than a Trade Letter of Credit.

  • 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:

  • Facility Letter means the facility letter dated the day of 20 from the Lender to the Borrower and shall include all variations, amendments, supplements or substitutions made thereto from time to time.