Ineligibility of Acceptance Drafts Clause Samples

Ineligibility of Acceptance Drafts. In the event that any ---------------------------------- Acceptance Draft accepted pursuant to this Agreement does not, for reasons beyond the control of the Agent, comply at the time of its acceptance with applicable regulations of the Board governing bankers' acceptances and would not be eligible under such regulations for discount with a Federal Reserve lender or if for any other reason any Acceptance Draft is deemed by the Agent not eligible for discount, the Borrower will, upon receipt of written notice from the Agent, forthwith pay to the Agent any additional cost or costs, as determined by the Agent, incurred by the Agent (including, without limitation, any costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, any funding costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, reserve requirements or additional premium liability to the Federal Deposit insurance Corporation) in connection with such Acceptance Draft on account of such noncompliance or ineligibility.
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Ineligibility of Acceptance Drafts. In the event that any ---------------------------------- Acceptance Draft accepted pursuant to this Agreement does not, for reasons beyond the control of the Issuing Lender, comply at the time of its acceptance with applicable regulations of the Board governing bankers' acceptances and would not be eligible under such regulations for discount with a Federal Reserve Bank or if for any other reason any Acceptance Draft is deemed by the Issuing Lender not eligible for discount, the Borrower will, upon receipt of written notice from the Issuing Lender, forthwith pay to the Issuing Lender any additional cost or costs, as determined by the Issuing Lender, incurred by the Issuing Lender (including, without limitation, any costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Issuing Lender, any funding costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Issuing Lender, reserve requirements or additional premium liability to the Federal Deposit Insurance Corporation) in connection with such Acceptance Draft on account of such noncompliance or ineligibility.
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Related to Ineligibility of Acceptance Drafts

  • Inspection; Acceptance If defective or incorrect material is delivered, Region 4 ESC may make the determination to return the material to the Contractor at no cost to Region 4 ESC. The Contractor agrees to pay all shipping costs for the return shipment. Contractor shall be responsible for arranging the return of the defective or incorrect material.

  • INSPECTION, ACCEPTANCE AND REJECTION a. All shipments of Goods and performance of Services shall be subject to Buyer’s right of inspection. Buyer shall have ninety (90) days (the “Inspection Period“) following the delivery of the Goods at the Delivery Point or performance of the Services to undertake such inspection, and upon such inspection Buyer shall either accept the Goods or Services (“Acceptance“) or reject them. Buyer shall have the right to reject any Goods that are delivered in excess of the quantity ordered or are damaged or defective. In addition, Buyer shall have the right to reject any Goods or Services that are not in conformance with the Specifications or any term of this Agreement. Transfer of title to Buyer of Goods shall not constitute Buyer’s Acceptance of those Goods. Buyer shall provide Supplier within the Inspection Period notice of any Goods or Services that are rejected, together with the reasons for such rejection. If Buyer does not provide Supplier with any notice of rejection within the Inspection Period, then Buyer will be deemed to have provided Acceptance of such Goods or Services. Buyer’s inspection, testing, or Acceptance or use of the Goods or Services hereunder shall not limit or otherwise affect Supplier’s warranty obligations hereunder with respect to the Goods or Services, and such warranties shall survive inspection, test, Acceptance and use of the Goods or Services. b. Buyer shall be entitled to return rejected Goods to Supplier at Supplier’s expense and risk of loss for, at Buyer’s option, either: (i) full credit or refund of all amounts paid by Buyer to Supplier for the rejected Goods; or (ii) replacement Goods to be received within the time period specified by Buyer. Title to rejected Goods that are returned to Supplier shall transfer to Supplier upon such delivery and such Goods shall not be replaced by Supplier except upon written instructions from Buyer. Supplier shall not deliver Goods that were previously rejected on grounds of non-compliance with this Agreement, unless delivery of such Goods is approved in advance by Buyer, and is accompanied by a written disclosure of Buyer’s prior rejection(s).

  • BID ACCEPTANCE PERIOD A bid shall constitute an irrevocable offer for a period of ninety (90) days from the bid opening date or until the date of award. In the event that an award is not made by the County within ninety (90) days from the bid opening date, the Bidder may withdraw their bid or provide a written extension of their bid.

  • Notice of Acceptance Notice of each Offeree’s intention to accept, in whole or in part, any Offer made shall be evidenced by a writing signed by such Offeree and delivered to the Company prior to the end of the 20-day period of such offer, setting forth such of the Offeree’s Basic Amount as such Offeree elects to purchase and, if such Offeree shall elect to purchase all of its Basic Amount, such Undersubscription Amount as such Offeree shall elect to purchase (the “Notice of Acceptance”). If the Basic Amounts subscribed for by all Offerees are less than the total Offered Securities, then each Offeree who has set forth Undersubscription Amounts in its Notice of Acceptance shall be entitled to purchase, in addition to the Basic Amounts subscribed for, all Undersubscription Amounts it has subscribed for; provided, however, that should the Undersubscription Amounts subscribed for exceed the difference between the Offered Securities and the Basic Amounts subscribed for (the “Available Undersubscription Amount”), each Offeree who has subscribed for any Undersubscription Amount shall be entitled to purchase only that portion of the Available Undersubscription Amount as the Undersubscription Amount subscribed for by such Offeree bears to the total Undersubscription Amounts subscribed for by all Offerees, subject to rounding by the Board of Directors to the extent it reasonably deems necessary.

  • CONTRACT ACCEPTANCE By acceptance of this order, ▇▇▇▇▇▇ agrees that the scope of the work required is understood by ▇▇▇▇▇▇; that there are no informal commitments by Buyer that in any way affect the work under this order; that there are no open or unresolved issues related to this order except as explicitly stated herein; and that ▇▇▇▇▇▇ therefore understands and agrees that this order states the complete agreement of the parties. CAS requirements do not apply if the order does not exceed $650,000 or if the Seller claims an exemption per the Proposal Representation and Certification, or if certified cost or pricing data was not provided.