Acceptances Sample Clauses

Acceptances. Government Date of Acceptance Entry into force only when the customs authorities agree to the request to reverse the order of Articles 5 and 6; - reserves the right to provide that paragraph 2 of Article 5 of the Agreement shall be applied in accordance with the provisions of the relevant note thereto whether or not the importer so requests. Uruguay will avail itself of the powers and possibilities to make reservations established in the framework of special and differential treatment for developing countries of the WTO Agreement on Import Licensing Procedures. To this end, the Government of Uruguay will delay for a period of two years from the date of entry into force of the WTO the application of the subparagraphs (a)(ii) and (a)(iii) of Article 2.2 of the Agreement on Import Licensing Procedures, in accordance with footnote 5 of the same Agreement. Venezuela (Subject to ratification) ................................... Ratification ................................................................. The Government of Venezuela, availing itself of the provisions of Article 20, "Special and Differential Treatment" of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994, formally notifies its decision to delay the application of the provisions of the Agreement for five years. Likewise, the Government of Venezuela, availing itself of the provisions of Article 20, paragraph 2, of the said Agreement, formally notifies its decision to delay the application of paragraph 2(b)(iii) of Article 1 and Article 6 for three years from the date of application of all other provisions of the Agreement. On the basis of paragraph 2 of Annex III, the Government of Venezuela makes a reservation with respect to the retention of officially established minimum values. Venezuela also reserves the right to provide that the relevant provision of Article 4 of the Agreement shall apply only when the customs authorities agree to the request to reverse the order of Articles 5 and 6. In accordance with paragraph 4 of Annex III, Venezuela reserves the right to provide that paragraph 2 of Article 5 of the Agreement shall be applied in accordance with the provisions of the relevant note thereto whether or not the importer so requests. The Government of Venezuela, in accordance with footnote 5 of paragraph 2 of Article 2, "Import Licensing Procedures", formally notifies its decision to delay the application of sub-paragraphs (a)(ii) and (a)(iii) for...
Acceptances. (a) In addition to requesting Committed Canadian Loans pursuant to Section 2.01(b), the Canadian Borrower may request pursuant to this Section 2.03(a), from time to time during the Availability Period, that the Canadian Lenders create bankers’ acceptances (each, an “Acceptance”) by accepting Drafts from the Canadian Borrower in an aggregate amount not exceeding each of the Canadian Lender’s Commitments; provided that the Canadian Borrower shall not request the creation and purchase of any Acceptance if, after giving effect thereto, the sum of (i) Total Outstandings with respect to Canadian Loans, Letters of Credit and Acceptance Usage would exceed the Aggregate Canadian Commitments then in effect, and no Canadian Lender shall have any obligation to create and purchase any Acceptance if, after giving effect thereto, the sum of (i) Total Outstandings with respect to Canadian Loans and Letters of Credit of such Canadian Lender plus (ii) such Canadian Lender’s Pro Rata Share of all Canadian Swing Line Loans, plus (iii) the aggregate Acceptance Usage of such Canadian Lender would exceed its Commitment with respect to Canadian Loans, Canadian Letters of Credit and Acceptances. Each Drawing shall be in an aggregate Face Amount of not less than Cdn.$3,000,000 and in integral multiples of Cdn.$100,000 and shall consist of the creation and purchase of Acceptances by Canadian Lenders on the same day in accordance with Section 2.03, ratably in accordance with their respective Pro Rata Shares; provided that if apportionment of Acceptances among the Canadian Lenders cannot be made on a pro rata basis in even multiples of Cdn.$100,000, the Canadian Administrative Agent shall round the allocations among Canadian Lenders consistent with the Canadian Administrative Agent’s money market practices. There shall not be more than eight (8) Drawings in effect with respect to Acceptances. Whenever the Canadian Borrower requests the Canadian Lenders to create Acceptances, each Canadian Lender that is not permitted by applicable law or by customary market practice to accept an Acceptance (a “Non BA Lender”) shall, in lieu of accepting its pro rata amount of such Acceptances, make available to the Canadian Borrower on the Drawing Date a loan (a “BA Equivalent Loan”) in Canadian Dollars and in an amount equal to the Drawing Purchase Price of the Acceptances that the Non BA Lender would have been required to accept on the Drawing Date if it were able to accept Acceptances. To the exten...
Acceptances. Acceptances comprise undertakings by the Bank to pay bills of exchange drawn on customers. The Bank expects most acceptances to be simultaneously settled with the reimbursement from the customers. Acceptances are accounted for as off balance sheet transactions and are disclosed as contingent liabilities and commitments.
Acceptances. This line of credit up to a maximum face value outstanding of Five Million and 00/100 Dollars ($5,000,000.00) may be used for financing acceptance transactions for a maximum tenor of one hundred eighty (180) days but not to extend beyond the Facility No. 1
Acceptances. Subject to the terms set forth herein and in that certain Acceptance Credit Agreement (as amended or restated from time to time, the "Acceptance Agreement") dated November 14, 1996, between the Borrower and the Bank, the Bank shall from time to time during the Revolving Period make available to the Borrower an acceptance facility pursuant to which the Bank may accept drafts drawn upon it by the Borrower (each, an "Acceptance"). The aggregate face amount of outstanding Acceptances shall not at any one time exceed $5,000,000 (or such lesser amount as is set forth herein). The Bank shall not be required to create any Acceptance which has a maturity date after the expiration of the Revolving Period. Upon the Bank's payment of an Acceptance upon maturity thereof, the Bank may at its option obtain an advance under the Note (without further notice to or consent of the Borrower) to reimburse the Bank for such payment. If the Bank elects not to obtain an advance under the Note or if credit in the amount of the Acceptance is not then available under the Note, the Borrower shall immediately upon demand reimburse the Bank for the face amount of each Acceptance upon the maturity thereof together with such other amounts as may be due in connection therewith in accordance with the Acceptance Agreement. The parties acknowledge that the Bank may at any time sell, discount, rediscount or otherwise dispose of any Acceptances. The Borrower shall pay the Bank such fees and costs in connection with the Acceptances as are set forth in the Acceptance Agreement.
Acceptances. Each Acceptance shall be created upon a Request by the Bank's acceptance of a draft in form and substance satisfactory to the Bank (each a "Draft"). Each Draft shall: (i) be drawn on the Bank by or on behalf or for the account of the Borrowers in accordance with the provisions hereof ; (ii) have a minimum face amount of $100,000.00; (iii) be for the purpose of financing only those transactions permitted by Subsection 7 of Section 13 of the Federal Reserve Act, as amended from time to time; and (iv) mature not more than 180 days after the date thereof (provided that, if such date is not a Business Day, the maturity shall be extended to the next succeeding Business Day). However, no Draft shall mature after the Expiration Date. The Borrowers hereby warrant that any Acceptances relating to the importation or exportation of goods or relating to the domestic shipment of goods shall: (i) not have a term in excess of the period of time which is usual and reasonably necessary to finance transactions of the character of the underlying import or export transaction or the underlying domestic shipment; (ii) not, together with all other Acceptances relating to any such shipment, have an aggregate face amount exceeding the CIF value of such shipment; and (iii) not be created more than 30 days after the date of shipment of goods to which such Acceptance relates. Acceptances relating to the storage of goods shall be subject to the further conditions that: (i) at the time such Acceptance is created, the goods being stored are covered by a warehouse receipt issued by a bonded warehouse independent of the Borrowers and acceptable to the Bank; (ii) the goods covered by the warehouse receipt are readily marketable staples (as such term is defined in Section 13 of the Federal Reserve Act by the Board of Governors of the Federal Reserve System or by Federal Reserve Bulletins) held pending a reasonably immediate sale, distribution or shipment; and (iii) the face amount of the Acceptance relating to such goods does not exceed the fair market value of the goods.
Acceptances. The Banks shall have agreed to accept the apartment project offered by the Company for inclusion as a Borrowing Base Property and as Collateral in the Banks' sole and absolute discretion in accordance with Section 2.13(a)(ii) above, and the Agent shall have so notified the Company in writing. Any such acceptance shall be subject to the satisfaction of the other conditions set forth in this Section 2.13(a)(iii).
Acceptances. No acceptances other than an acceptance of a Draft by a Lender hereunder have been or shall be outstanding with respect to the goods covered by or relating to such Draft.
Acceptances. A. The Schedules form part of this contract and shall have effect as if set out in full in the body of this agreement. Any reference to this contract includes the Schedules.
Acceptances. A. The Schedules form part of this Agreement and shall have effect as if set out in full in the body of this Agreement. Any reference to this Agreement includes the Schedules.