Appropriation of Sale proceeds Sample Clauses

Appropriation of Sale proceeds. RCFL shall have right to recover from the borrower the balance due if any, after sale of asset. Excess amount if any, obtained on sale of asset shall be refunded to the borrower after meeting all the related expenses, provided RCFL is not having any other claims against the Borrower.
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Appropriation of Sale proceeds. RCFL shall have right to recover from the borrower the balance due if any, after sale of asset. Excess amount if any, obtained on sale of asset shall be refunded to the borrower after meeting all the related expenses, provided RCFL is not having any other claims against the borrower. Instalment No. Due Date Instalment Amount (Rs.) Instalment No. Due Date Instalment Amount (Rs.) 1 43 2 44 3 45 4 46 5 47 6 48 7 49 8 50 9 51 10 52 11 53 12 54 13 55 14 56 15 57 16 58 17 59 18 60 19 61 20 62 21 63 22 64 23 65 24 66 25 67 26 68 27 69 28 70 29 71 30 72 31 73 32 74 33 75 34 76 35 77 36 78 37 79 38 80 39 81 40 82 41 83 42 84 Note: The facility and applicable interest shall be payable/repayable bu the applicants(s) to Reliance Commercial Finance Limited as per the aforementioned schedule notwithstanding the date(s) of disbursement by Reliance Commercial Finance Limited to the person(s) as mentioned above. ADDENDUM TO THE LOAN AGREEMENT This Addendum is made on this ____________________ day of ___________ at ________________________________ . BETWEEN RELIANCE COMMERCIAL FINANCE LIMITED, a non-banking finance company, within the meaning of the Companies Xxx, 0000, having CIN No. U66010MH2000PLC128301 and having its registered office at Reliance Center, 6th Floor, South Wing, Off Western Express Highway, Santacruz (East), Mumbai 400 055, India, (herein referred to as the “Lender” or “RCFL” which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the One Part. AND Mr./Ms ________________________________________________ having its address at _________________________ (hereinafter referred to as the "Borrower") which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Other Part; RCFL and the borrower have entered into Loan Agreement dated along with other loan documents (herein after collectively referred as “the said loan documents”) in respect of the loan availed by the Borrower and RCFL which is more specifically mentioned in the said loan documents.
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Appropriation of Sale proceeds. RCL shall have right to recover from the borrower the balance due if any, after sale of asset. Excess amount if any, obtained on sale of asset shall be refunded to the borrower after meeting all the related expenses, provided RCL is not having any other claims against the Borrower. Instalment No. Due Date Instalment Amount (Rs.) Instalment No. Due Date Instalment Amount (Rs.) 1 43 2 44 3 45 4 46 5 47 6 48 7 49 8 50 9 51 10 52 11 53 12 54 13 55 14 56 15 57 16 58 17 59 18 60 19 61 20 62 21 63 22 64 23 65 24 66 25 67 26 68 27 69 28 70 29 71 30 72 31 73 32 74 33 75 34 76 35 77 36 78 37 79 38 80 39 81 40 82 41 83 42 84 Note: The facility and applicable interest shall be payable/repayable bu the applicants(s) to Reliance Capital Ltd. as per the aforementioned schedule notwithstanding the date(s) of disbursement by Reliance Capital Ltd. to the person(s) as mentioned above. DEMAND PROMISSORY NOTE Date : Place : ON DEMAND, I/We (*jointly and severally ) promise to pay Reliance Capital Ltd. (“RCL”), or its assigns a sum of Rs. /- (Rupees only) for value received together with interest at the compounding rate of % per annum with rests or such other rates which RCL may specify from time to time. Presentment for payment and noting and protest of the note are hereby unconditionally waived. Rs. /- (Rupees only) The Common Seal of M/s. Ltd was affixed hereunto pursuant to a Resolution passed by the Board of Directors at their meeting held on in the presence of Mr. and Mr. one/two Director/s of the company who has/have affixed his/their/signature/s hereto Signed by the above named OR For Ltd. Revenue Stamp of Rs.1/ - to be affixed. Borrower Director / Authorised Signatory OR
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Related to Appropriation of Sale proceeds

  • Appropriation of Funds Lessee intends to continue each Schedule to which it is a party for the Schedule Term and to pay the Rent and other amounts due hereunder. Lessee reasonably believes that legally available funds in an amount sufficient to pay all Rent during the Schedule Term can be obtained. Lessee further intends to act in good faith to do those things reasonably and lawfully within its power to obtain and maintain funds from which the Rent may be paid. Notwithstanding the foregoing, in the event sufficient funds are not appropriated to continue the Schedule Term for any fiscal period (as set forth on the Schedule) of Lessee beyond the fiscal period first in effect at the commencement of the Schedule Term, Lessee may terminate the Schedule with regard to those of the Assets on the Schedule so affected. Lessee shall endeavor to provide Lessor with written notice sixty (60) days prior to the end of its current Fiscal Period confirming which Assets on the Schedule will be so affected by the termination. All obligations of Lessee to make Rent Payments due with respect to those Assets after the end of the Fiscal Period for which such termination applies will cease, all interests of Lessee in those Assets will terminate, Lessee shall surrender those Assets in accordance with Section 15 (“Option to Extend; Surrender of Assets”) of this MOLA, and the applicable Schedule shall be deemed amended. Lessee represents and warrants it has adequate funds to meet its obligations during the first fiscal period of the Schedule Term. Lessor and Lessee intend that the obligation of Lessee to make Rent Payments under this MOLA shall constitute a current expense of Lessee and shall not in any way be construed to be a debt of Lessee in contravention of any applicable constitutional or statutory limitation or requirement concerning the creation of indebtedness by Lessee, nor shall anything contained herein constitute a pledge of the general revenues, funds or monies of Lessee or the State of Texas, as applicable, beyond the fiscal period for which sufficient funds have been appropriated to make Rent Payments hereunder.

  • Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss in Value of the Property In the event of a total taking, destruction, or loss in value of the Property, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property (each, a “Partial Devaluation”) where the fair market value of the Property immediately before the Partial Devaluation is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the Partial Devaluation, a percentage of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument unless Borrower and Lender otherwise agree in writing. The amount of the Miscellaneous Proceeds that will be so applied is determined by multiplying the total amount of the Miscellaneous Proceeds by a percentage calculated by taking (i) the total amount of the sums secured immediately before the Partial Devaluation, and dividing it by (ii) the fair market value of the Property immediately before the Partial Devaluation. Any balance of the Miscellaneous Proceeds will be paid to Borrower. In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are then due, unless Borrower and Lender otherwise agree in writing.

  • APPROPRIATION OF PAYMENTS 14.1 Any and all payments received by DBS from or for the account of the Cardmember may be applied and appropriated by DBS in relation to such Card Account for which the Cardmember is liable as DBS may determine or select and in relation to such of the entries or transactions constituting the Outstanding Balance on such Card Account as DBS may determine or select notwithstanding any specific appropriation by the person making the payment or any other person.

  • Nonappropriation of Funds Seattle may terminate this Contract at any time without notice due to nonappropriation of funds, whether such funds are local, state or federal grants, and no such notice shall be required notwithstanding any notice requirements that may be agreed upon for other causes of termination.

  • Application of Miscellaneous Proceeds upon Damage to Property If the Property is damaged, any Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Lender deems the restoration or repair to be economically feasible and Lender’s security will not be lessened by such restoration or repair. During such repair and restoration period, Lender will have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect the Property to ensure the work has been completed to Lender’s satisfaction (which may include satisfying Lender’s minimum eligibility requirements for persons repairing the Property, including, but not limited to, licensing, bond, and insurance requirements) provided that such inspection must be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly to both. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender will not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If Lender deems the restoration or repair not to be economically feasible or Lender’s security would be lessened by such restoration or repair, the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds will be applied in the order that Partial Payments are applied in Section 2(b).

  • Appropriation Funding under this Agreement is conditional upon an appropriation of moneys by the Legislature of Ontario to the MOHLTC and funding of the LHIN by the MOHLTC pursuant to LHSIA. If the LHIN does not receive its anticipated funding the LHIN will not be obligated to make the payments required by this Agreement.

  • ADJUSTEMENT/ APPROPRIATION OF PAYMENTS The Allottee authorized the Promoter to adjust/ appropriate all payments made by him/ her under any head(s) of dues against lawful outstanding of the Allottee against the [Apartment/Plot], if any, in his/ her name and the Allottee undertakes not to object/ demand/ direct the Promoter to adjust his payments in any manner.

  • Calculation of Sale Gain or Loss For Shared-Loss Loans that are not Restructured Loans, gain or loss on the sales under Section 4.1 or Section 4.2 will be calculated as the sale price received by the Assuming Institution less the unpaid principal balance of the remaining Shared-Loss Loans. For any Restructured Loan included in the sale gain or loss on sale will be calculated as (a) the sale price received by the Assuming Institution less (b) the net present value of estimated cash flows on the Restructured Loan that was used in the calculation of the related Restructuring Loss plus (c) Loan principal payments collected by the Assuming Institution from the date the Loan was restructured to the date of sale. (See Exhibits 2d(1)-(2) for example calculations).

  • Annual Appropriation of Funds Contractor acknowledges that the Contract term may extend over multiple City fiscal years, and that work and compensation under this Contract is contingent on the City Council appropriating funding for and authorizing such work and compensation for those fiscal years. This Contract may be terminated at the end of the fiscal year for which sufficient funding is not appropriated and authorized. City is not obligated to pay Contractor for any amounts not duly appropriated and authorized by City Council.

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