Examples of Trust Fund Credit Agreement in a sentence
Notwithstanding any cancellation or suspension, all the provisions of this Trust Fund Credit Agreement shall continue in full force and effect except as specifically provided in this Article.
The Borrower shall furnish to the Administrator sufficient evidence of the authority of the person or persons who will, on behalf of the Borrower, take any action or execute any documents required or permitted to be taken or executed by the Borrower under this Trust Fund Credit Agreement, and the authenticated specimen signature of each such person.
The Borrower shall pay a service charge on the amount of the Credit withdrawn and outstanding from time to time at the rate specified in this Trust Fund Credit Agreement.
Each application and the accompanying documents and other evidence must be sufficient in form and substance to satisfy the Administrator that the Borrower is entitled to withdraw from the Credit Account the amount applied for and that the amount to be withdrawn from the Credit Account is to be used only for the purposes specified in this Trust Fund Credit Agreement.
The Borrower shall be entitled to withdraw from the Credit Account amounts expended or, if the Administrator shall so agree, amounts to be expended for the Project in accordance with the provisions of this Trust Fund Credit Agreement and of these General Conditions.
If this Trust Fund Credit Agreement shall not have entered into effect by the date specified therein for the purposes of this Section, this Trust Fund Credit Agreement and all obligations of the parties thereunder shall terminate, unless the Administrator, after consideration of the reasons for the delay, shall establish a later date for the purposes of this Section.
Any such award rendered in accordance with the provisions of this Section shall be final and binding upon the parties to this Trust Fund Credit Agreement.
The parties to this Trust Fund Credit Agreement waive any and all other requirements for the service of any such notice or process.
To that end, if the amount of any taxes levied on or in respect of any item to be financed out of the proceeds of the Credit decreases or increases, the Administrator may, by notice to the Borrower, increase or decrease the percentage for withdrawal set forth or referred to in respect of such item in this Trust Fund Credit Agreement as required to be consistent with such policy of the Administrator.
Whenever it shall be necessary for the purposes of this Trust Fund Credit Agreement to determine the value of one currency in terms of another, such value shall be as reasonably determined by the Administrator.