Provision of Funds definition

Provision of Funds means holding funds in a Settlement Account (in particular: in the Settlement Account specified in a Guarantee Application, in an order to issue a Letter of Credit or in a separate instruction placed by the Customer) which are not blocked and are free from garnishment and any other encumbrances in favour of third parties and the Bank and which fully cover the payments the Bank must make to the Beneficiary under the Letter of Credit or Guarantee.
Sample 1

Examples of Provision of Funds in a sentence

  • With respect to the Government of Nova Scotia Provision of Funds for Worker Training and Marketing, the USDOC determined that "[t]he program is specific in accordance with section 771(5A)(D)(i) of the Act because the [Government of Nova Scotia] and ERDT provided the assistance only to [PHP]".

  • The Component 1 includes Provision of Funds to POs/Sponsors in establishing575,469 SHS, 1,200 solar pumps for irrigation, 29 mini-grids, 20 biomass gasification plant and 60 biogas based power generation plants.

  • This regulation is previously part of Regulation 8 on Provision of Funds of the Financial Regulation and has been integrated and edited for structural purpose.

  • The foreign partners will conclude a transfer contract with the German project coordinator in accordance with No. 12 of the administrative regulations pertaining to Section 44 of the Federal Budget Code (BHO) and in accordance with BMBF leaflet 0375 (General Conditions for Agreements on the Provision of Funds for Projects in Foreign Institutions).

  • Voluntary Manslaughter is considered a “diminished form of murder,” so the rule was found to apply.F Provision of Funds for Investigative Services – Ex Parte Hearing State v.

  • In particular, I have read and understand TCS’s Anti-Nepotism Policy, Policy Regarding Inconsistent, Incompatible or Conflicting Employment, Activity or Enterprise by School Personnel, Policy Confirming Restrictions on the Provision of Funds or Other Things of Value to Students, Parents or Guardians, and restrictions and procedures to avoid Conflicts of Interest.

  • Scenario 2 (Provision of Funds and Economic Resources Directly): Entity X is designated on the UN consolidated list.

  • Some examples of violations and suggested actions are given below: Scenario 1 (Provision of Funds and Economic Resources Indirectly): Individual X is not designated on the UN consolidated list and is not a member of the designated entity.

  • Scenario 3 (Provision of Funds and Economic Resources for the Benefit of or on Behalf of): Individual X is not a listed on the UN consolidated list.

  • The importance of amateur culture in the Slovenian cultural landscape is reflected in the fact that this is one of those fields that has been included since 1998 in the Provision of Funds for Certain Vital Cultural Programmes of the Republic of Slovenia Act (see also chapter 5.2).

Related to Provision of Funds

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • REIT Provisions of the Code means Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.

  • Redemption Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • statutory provision means a provision of an Act or of an instrument made under an Act.

  • Supplemental Provisions means these Supplemental Provisions for Federally Funded Contracts, Grants, and Purchase Orders subject to the Federal Funding Accountability and Transparency Act of 2006, As Amended, as may be revised pursuant to ongoing guidance from the relevant Federal or State of Colorado agency or institution of higher education.

  • Solicitation Amendment (or Addendum means a written document that is authorized by the Procurement Officer and issued for the purpose of making changes to the Solicitation.

  • Flow of Funds Agreement means a Flow of Funds Agreement, in form and substance reasonably satisfactory to the Agents, by and among the Loan Parties, the Agents and the Lenders, and the related funds flow memorandum describing the sources and uses of all cash payments in connection with this Agreement.

  • former provisions means the provisions of the Petroleum Act 1936 which, by force of section 134 of the Petroleum Act are deemed to subsist and enure in their application to or in relation to the Xxxxxx Island Lease;

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Subsidiary Agreement means the agreement referred to in Section I.B of Schedule 2 to this Agreement pursuant to which the Recipient shall make the proceeds of the Financing available to the Project Implementing Entity.

  • Mandatory Trigger Provision means, as to any Qualifying Capital Securities, provisions in the terms thereof or of the related transaction agreements that:

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Transfer Provisions means the provisions of Section 00-00-000 of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers. Any reference to any agreement or document in this Article I or otherwise in this Fee Agreement shall include any and all amendments, supplements, addenda, and modifications to such agreement or document.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • provisions means "provisions, terms, agreements, covenants and/or conditions"; (iii) "lien" shall mean "lien, charge, encumbrance, title retention agreement, pledge, security interest, mortgage and/or deed of trust"; (iv) "obligation" shall mean "obligation, duty, agreement, liability, covenant and/or condition"; (v) "any of the Leased Premises" shall mean "the Leased Premises or any part thereof or interest therein"; (vi) "any of the Land" shall mean "the Land or any part thereof or interest therein"; (vii) "any of the Improvements" shall mean "the Improvements or any part thereof or interest therein"; (viii) "any of the Equipment" shall mean "the Equipment or any part thereof or interest therein"; and (ix) "any of the Adjoining Property" shall mean "the Adjoining Property or any part thereof or interest therein".

  • Express Waiver I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS. Signature Date

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Form of Agreement means the form of agreement contained in Part D of the RFP;

  • Communications Provisions means the Communications Provisions in [Part 10, Chapter 4] of the General Regulations.

  • Special Provisions Special Provisions are specific conditions or requirements peculiar to the contract under consideration and are supplemental to the General Provisions. Should the Special Provisions conflict with the General Provisions, the Special Provisions shall prevail.

  • Subordination Provisions has the meaning specified in Section 8.01(l).