Drawing method Clause Samples

Drawing method. 3.4.2.1 General working capital borrowing 3.4.2.1.1 The Borrower shall withdraw the loan according to the actual demand for the loan. The specific withdrawal plan is as follows: The lump sum withdrawal will be completed before December 31, 2023. The first loan must be from —— (Year, month, date), the last loan must be at —— (Year, month, date) before the extraction. If the borrower fails to go through the withdrawal procedures in accordance with the withdrawal plan agreed in the contract, the lender may cancel or partially cancel the unwithdrawn loan, and may redetermine whether to issue the loan amount and the conditions for the withdrawal. 3.4.2.1.2 The borrower shall withdraw the loan according to the agreed date and amount. If the borrower needs to adjust the withdrawal plan, it shall advance —— the application for the loan fee shall be adjusted with the consent of the lender. 3.4.2.2 recyclable working capital borrowing 3.4.2.2.1 The wrong person may apply for withdrawing the loan from the lender one by one according to the loan amount, and handle the loan after the examination and approval of the lender The withdrawal procedures, as a single loan term is not exceeded go beyond the limit —— Month, and the expiration date of the period shall not exceed six months after the expiration date of the limit. 3.4.2.2.2 When the borrower applies for withdrawing the loan, it must submit the application for withdrawal to the lender and provide the corresponding commercial agreement with the loan, invoices and other vouchers and other relevant documents. 3.4.2.3 Self-service recyclable working capital loan The borrower may withdraw the loan one by one within the loan amount through the business counter or self-service electronic channel provided by the lender according to the loan amount, but the amount of a single loan shall not be less than RMB 50,000 yuan and an integral multiple of 10,000 yuan, and the term of the loan shall not exceed one year and the expiration date of the term shall not exceed the expiration date of the validity of the loan.
View Source
Drawing method 
View Source

Related to Drawing method

  • Billing Method 2.6.1 To receive payment for services rendered pursuant to this contract the Contractor shall submit a fully completed invoice for work previously performed to: 2.6.2 At a minimum, the invoice shall detail the following information: 2.6.2.1 Unique invoice number; 2.6.2.2 Contractor’s name, address, and telephone number; 2.6.2.3 Date of invoice and/or billing period; 2.6.2.4 Applicable Contract No.;

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Voting Method Unless otherwise provided by law, when a vote is taken upon any measure before the Board, with a quorum being present, a majority of the votes cast shall determine its outcome. A vote of "abstain" or "present," or a vote other than "yea" or "nay," or a failure to vote, is counted for the purposes of determining whether a quorum is present. A vote of "abstain" or "present," or a vote other than "yea" or "nay," or a failure to vote, however, is not counted in determining whether a measure has been passed by the Board, unless otherwise stated in law. The sequence for casting votes is rotated. On all questions involving the expenditure of money and on all questions involving the closing of a meeting to the public, a roll call vote shall be taken and entered in the Board's minutes. An individual Board member may request that a roll call vote be taken on any other matter; the President or other presiding officer may approve or deny the request but a denial is subject to being overturned by a majority vote of the members present. Any Board member may request that his or her vote be changed before the President announces the result. Any Board member may include a written explanation of his or her vote in the District file containing individual Board member statements; the explanation will not be part of the minutes. The Board Secretary shall keep written minutes of all Board meetings (whether open or closed), which shall be signed by the President and the Secretary. The minutes include:

  • Determinations to Honor Drawing Requests In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit.

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.