Amount of the Financing Clause Samples

The "Amount of the Financing" clause defines the total sum of money that will be provided under the financing agreement. It specifies the maximum principal amount available to the borrower, which may be disbursed in a lump sum or in installments, depending on the terms of the contract. This clause ensures both parties are clear on the financial limits of the arrangement, preventing misunderstandings or disputes about the total funds to be made available.
Amount of the Financing. In accordance with this Contract, the Bank agrees to grant to the Borrower, and the Borrower accepts, a financing, hereinafter a “Financing,” chargeable to the resources of the Single Currency Facility of the ordinary capital of the Bank, of up to the amount of fifty million dollars (US$50,000,000), that form part of such resources. The amounts disbursed from the Financing shall constitute the “Loan.” The Loan shall be a Single Currency Facility Loan with a LIBOR-Based Interest Rate.
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Amount of the Financing. (a) In accordance with this Contract, the Bank agrees to grant to the Borrower, and the Borrower accepts, a "Financing," chargeable to the resources of the Single Currency Facility of the Ordinary Capital resources of the Bank, of up to the amount of ten million dollars (US$10,000,000). The amounts disbursed from the Financing shall constitute the "Loan." (b) The Loan shall be a Single Currency Facility Loan with an Adjustable Interest Rate, and may be converted to a Single Currency Facility Loan with a LIBOR-Based Interest Rate only if such selection is made by the Borrower pursuant to Section 2.03 of these Special Conditions and Article 4.01(g) of the General Conditions.
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Amount of the Financing. (a) In accordance with this Contract, the Bank agrees to grant to the Borrower, and the Borrower accepts, a "Financing," chargeable to the resources of the Single Currency Facility of the ordinary capital resources of the Bank, of up to the amount of thirteen million five hundred thousands dollars (US$13,500,000). The amounts disbursed from the Financing shall constitute the "Loan." (b) The Loan shall be a Single Currency Facility Loan with a LIBOR-Based n Adjustable Interest Rate, and may be converted to a Single Currency Facility Loan with an Adjustable LIBOR-Based Interest Rate only if such selection is made by the Borrower pursuant to Section 2.03 of these Special Conditions and Article 4.01(g) of the General Conditions.
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Amount of the Financing. In accordance with this Contract, the Bank agrees to grant to the Borrower, and the Borrower accepts, a financing (hereinafter referred to as the “Financing”), chargeable to the resources of the Single Currency Facility of the ordinary capital of the Bank, of up to the amount of forty five million dollars of the United States of America (US$45,000,000), that form part of such resources. The amount disbursed from the Financing shall constitute the “Loan”. The Loan shall be a Single Currency Facility Loan with a LIBOR-Based Interest Rate. Unless otherwise stated in this Contract the term “dollars” hereinafter signifies the currency of legal tender in the United States of America.
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Related to Amount of the Financing

  • Withdrawal of the Proceeds of the Financing General 1. The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instructions as the Association shall specify by notice to the Recipient (including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised from time to time by the Association and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing (“Category”), the allocations of the amounts of the Financing to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category: (1) Goods, works, Training, Cash Compensation and consultants’ services for Part B of the Project 39,700,000 90% (2) Goods, works, (other than Road and Drainage Works), Training and consultants’ services for Part C of the Project 4,950,000 90% (3) Road and Drainage Works, for Part C of the Project 13,550,000 90% (4) Goods, Training, Operating Costs, audits and consultants’ services for Part D of the Project 9,550,000 100% (5) Refund of Project Preparation Advance 1,100,000 Amount payable pursuant to Section 2.07 of the General Conditions (6) Unallocated 2,350,000 TOTAL AMOUNT 71,200,000

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

  • COMMITMENT OF THE THREE PARTIES By signing7 this document, the staff member, the sending institution and the receiving institution/enterprise confirm that they approve the proposed mobility agreement. The sending higher education institution supports the staff mobility as part of its modernisation and internationalisation strategy and will recognise it as a component in any evaluation or assessment of the staff member. The staff member will share his/her experience, in particular its impact on his/her professional development and on the sending higher education institution, as a source of inspiration to others. The staff member and the beneficiary institution commit to the requirements set out in the grant agreement signed between them. The staff member and the receiving institution/enterprise will communicate to the sending institution any problems or changes regarding the proposed mobility programme or mobility period. The staff member Name: Signature: Date: The sending institution Name of the responsible person: Signature: Date: The receiving institution/enterprise Name of the responsible person: Signature: Date: 1 Adaptations of this template: In case the mobility combines teaching and training activities, the mobility agreement for teaching template should be used and adjusted to fit both activity types. In the case of mobility between Programme and Partner Countries, this agreement must be always signed by the staff member, the Programme Country HEI as beneficiary and the Partner Country HEI as sending or receiving organisation. In case of mobility from Partner Country HEIs to Programme Country enterprises the last box should be duplicated to include the signature of the Programme Country HEI (the beneficiary) and the receiving organisation (four signatures in total).