Conditions for withdrawal Sample Clauses
Conditions for withdrawal. 1. The Borrower may withdraw funds only after the Contract becomes effective and the following conditions are met (except for those waived by the Lender):
1. The Borrower has opened RMB and/or foreign exchange accounts with the Lender or any of its branches;
2. The Borrower has provided the Lender with legal documents proving the legality of the Borrower, including but not limited to the latest and valid business license, approval certificate, joint venture or cooperation contract, articles of association, etc.;
3. The Borrower has submitted to the lender the Application for Withdrawal and the Letter of Authorization for Payment;
4. The guarantee contract related to the loan has come into force and legal and effective guarantee procedures have been completed, and the guarantor has not defaulted under the guarantee contract during the term of this contract;
5. All procedures related to this Contract and required by the lender, including but not limited to approval, registration, filing, insurance, public certificate, witness, etc., have been completed;
6. The Borrower has provided the Lender with a capital verification report proving that the registered capital of the Borrower has been invested;
7. In accordance with the provisions of the Borrower’s internal authorization system, the Borrower has provided the Lender with the resolution and authorization letter of the board of Directors of the Borrower and/or the shareholders’ (general) meeting and other competent departments of the Borrower approving the loan hereunder;
8. The Borrower has provided the Lender with supporting materials regarding the purpose of the loan hereunder;
9. The Borrower has provided the Lender with the loan promissory note bearing the valid seal of the Borrower;
10. Where the Lender deems it necessary, the Borrower shall provide a loan contract, a security contract, such as a guarantee contract, or collateral. A pledge contract shall be notarized with the effect of compulsory execution;
11. The Borrower and/or guarantor have paid all the fees (if any) payable under this Contract;
12. The Borrower has not defaulted under this Contract and other contracts entered into with the Lender, other branches of Bank of Jiangsu Co., LTD., or other third parties.
Conditions for withdrawal. The Lender provides the loan hereunder if the Borrower meets the following conditions :
(I) The borrower opens an account as shown in Section 21.8 with the lender.
(2) The borrower shall provide the relevant documents and relevant materials and complete the relevant procedures.
Conditions for withdrawal. An Adopters may withdraw from participation and terminate this Agreement at any time upon giving twenty one (21) days notice to the Secretary.
Conditions for withdrawal. The Borrower shall meet the following conditions for withdrawal:
1. This Contract and its annexes have come into effect;
2. The Borrower has provided the security as required by the Lender and the Contract of Guarantee is in force and the statutory approval, registration or filing formalities have been completed;
3. The Borrower has reserved with the Lender the Borrower's documents, receipts, seals, personnel lists, signature samples related to the conclusion and performance of this Contract, and has completed the relevant vouchers;
4. The Borrower has opened an account necessary for the performance of this Contract at the request of the Lender.
5. The Borrower shall submit to the Lender a written withdrawal request and the relevant documents proving the use of the loan (5) banking days prior to the withdrawal date to go through relevant formalities for withdrawal;
6. The Borrower has submitted to the Lender a resolution and a letter of authorization from its board of directors or other competent departments to consent to the conclusion and performance of this Contract;
7. Other conditions for withdrawal / stipulated by laws and agreed by both parties. If any of the foregoing conditions for withdrawal is not met, the Lender shall be entitled to reject the Borrower's request for withdrawal, unless the Lender agrees to issuance of the loan.
Conditions for withdrawal. Withdrawals under this contract shall be made based on the actual funding needs of the borrower. For each withdrawal, the borrower must meet the following conditions:
a. The borrower must submit a written withdrawal application to the lender;
b. The borrower has not encountered any situations described in Clauses 4 or 5 of Article 5, or Article 8, and has not violated the commitments in Article 7;
c. According to the lender's reasonable judgment, the borrower’s financial situation has not experienced any adverse changes that may harm, delay, or prevent the borrower from fulfilling its obligations and responsibilities under this contract;
d. The borrower uses the withdrawn loan funds for the purposes agreed upon in this contract;
e. The guarantee remains valid, and the value of the collateral and/or the guarantor's ability to provide a guarantee has not undergone any adverse changes affecting the guarantor's ability to bear the guarantee responsibility;
f. The borrower has opened relevant accounts as agreed in this contract or as required by the lender;
g. Other conditions required by the lender are detailed in Clause 5 of Article 16 of this contract.
Conditions for withdrawal. 6.1 When Party B applies for withdrawal, the following prerequisites must be met:
6.1.1 Party B has completed the administrative license, approval, registration and other legal formalities related to the loans under this contract in accordance with the relevant laws, regulations and rules;
6.1.2 Party B has submitted relevant documents that meet the requirements of Party A;
6.1.3 All the guarantee formalities agreed upon by the parties under this contract have been completed and the effective / hypothec has been established / the pledge has been established;
6.1.4 Party B has not committed any breach of contract agreed upon in this contract;
6.1.5 At the time of withdrawal, the statements and guarantees made by Party B in this contract shall remain true, accurate and valid;
6.1.6 At the time of withdrawal, the operating and financial conditions of Party B are basically the same as those at the time of signing this contract, and no significant adverse changes have taken place.
6.1.7 In the case of a project loan, the project capital or other funds to be raised corresponding to the project loan have been fully in place in accordance with the prescribed time and proportion.
6.2 After meeting the prerequisites mentioned in Article 6.1, Party B shall go to the location of Party A in accordance with this contract, withdraw the money and sign the loan voucher with Party A. The loan voucher is an integral part of this contract and has the same effect as this contract.
6.3 The loan made by Party A when Party B fails to meet the withdrawal conditions does not constitute a defect in Party A’s performance.
6.4 Before the issuance of the loan, if Party A is unable to issue a loan under this contract due to changes in the state macro-control policy, the requirements of Party A’s regulatory department for Party A to control the scale of credit or the direction of credit, and other reasons other than Party A’s failure to issue loans under this contract, Party A has the right to stop issuing the loan or terminate this contract. Party B has no objection to this.
Conditions for withdrawal. All applications described under section 10 herein, to withdraw money or transfer assets from the Fund, must be written on a form approved by the Superintendent. The Trustee shall make the payment or transfer within 30 days after receiving the completed application and the accompanying documents required as the case may be.
a) a Declaration about a Spouse; or
b) a statement signed by the Annuitant attesting to the fact that none of the money in the Fund is derived, directly or indirectly, from a pension benefit provided in respect of any employment of the Annuitant.
Conditions for withdrawal. The borrower’s withdrawal shall meet the following conditions:
5.1 This Contract and its annexes have come into force;
5.2 The borrower has provided the guarantee as required by the lender, and the guarantee contract has come into effect and completed the statutory procedures of examination and approval, registration or filing;
5.3 The Borrower has provided to the Lender the documents, documents, seals, list of personnel and signature samples related to the conclusion and performance of this Contract, and filled in the relevant vouchers;
5.4 The borrower has opened an account necessary for the performance of this Contract as required by the lender;
5.5 On a working day before the withdrawal of the bank, submit to the lender the written withdrawal application and the relevant purpose of the loan certification documents, and handle the relevant withdrawal procedures;
5.6 The lender has obtained the Power of Attorney for Financial Discount Interest for Small and Micro Enterprises Borrowers of Beijing Entrepreneurship Guarantee Loan signed by the borrower in the appendix% of this contract;
5.7 The borrower has not yet defaulted under this Contract;
5.8 Other conditions of withdrawal as stipulated by law and agreed upon by both parties. If the above withdrawal conditions are not met, the lender has the right to refuse the borrower’s withdrawal application, except where the lender agrees to make the loan.
Conditions for withdrawal. All applications described under section 9 herein, to withdraw money or transfer assets from the Account, must be written on a form approved by the Superintendent. The Trustee shall make the payment or transfer within 30 days after receiving the completed application and the accompanying documents required as the case may be.
a) a Declaration about a Spouse; or
b) a statement signed by the Annuitant attesting to the fact that none of the money in the Account is derived, directly or indirectly, from a pension benefit provided in respect of any employment of the Annuitant. For all applications made under section 9 d) herein, when a document is required, it is a nullity if signed or dated more than 12 months before the Trustee receives it. All such applications must also be accompanied by a statement, signed by the Annuitant, that he or she understands that any money released under this section will not be exempt under section 66 of the Act from execution, seizure or attachment.
Conditions for withdrawal. 1. the Lender shall not advance any loan to the Borrower until all following conditions have been satisfied by the Borrower:
(1) The Borrower has delivered the following documents to the Lender and the circumstances stated in the documents have not changed and remain in force, or that the Borrower has given a satisfactory explanation and explanation of the changes to the Lender;
i. loan application: the main contents includes but are not limited to: the name, amount, purpose, term, repayment plan, and repayment source of the loan project, etc.
ii. the Borrower’s legal and valid business license, company’s articles of association, loan card and password / credit code, legal representative registered with the industrial and commercial administrative department and members of the board of directors and principals, chief financial officer list and signature samples, legal representative, valid identity documents of its authorized representative and other company documents the Lender deems necessary;
iii. the resolution of the board of directors or shareholders meeting that the Borrower meets in accordance with legal procedures and is approved by a vote of a quorum of directors or shareholders, which is true, lawful and effective and agrees to apply to the Lender for the loan hereunder and to specify the purpose of the loan and to accept the loan terms and conditions required by the Lender, or any other company documents the Lender deems necessary;
iv. annual report (attached with audit report and notes) of the past three years approved by the Lender and financial statements for the most recent period and the same period of the previous year, or statements for the year since inception if the Borrower has only been established for less than three years;
v. information of affiliated enterprise;
vi. purchase contracts, order contracts, debt certificates and other related contracts, vouchers or information if applying for temporary working capital loan;
vii. proof of ownership and valuation reports of the collateral/pledge if collateral/pledge is provided, and the registration procedures of mortgage/pledge that should be completed in accordance with the requirements of relevant laws and regulations shall have been properly handled and the original documents of ownership certificate, registration certificate, etc. shall have been handed over to the Lender for collection in accordance with the requirements of the Lender; Relevant guarantee materials in accordance wit...