FUNDING OF PROJECTS Sample Clauses

FUNDING OF PROJECTS. In addition to the funds provided by the AUN, the members shall encourage cost-sharing in the funding of projects for the region. They shall also develop projects which will generate funds from other sources such as foundations and companies which are willing to support relevant projects.
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FUNDING OF PROJECTS. 6.1. Only a person whose identity MONEDIUS has verified in a manner prescribed by MONEDIUS can request a Loan as a Borrower. Every User who seeks to become a Borrower has to complete the Borrower‘s Assessment and meet all the applicable reputation and creditworthiness criteria set out by MONEDIUS. The Borrower‘s Assessment is performed by MONEDIUS in accordance with the internal procedures. MONEDIUS may, at its own discretion, not allow a User to request a Loan or prescribe other additional conditions for requesting a Loan.
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FUNDING OF PROJECTS. The RCN finances the Norwegian partners, while Finep finances the Brazilian partners. The funding for each applicant will be granted according to its respective Agency usual funding requirements: RCN in the form of grants, in the total volume of NOK 10 million and Finep in the form of grants for companies (subvenção econômica), in the total volume of R$ 5 million. FINEP’s supporting conditions are described on annex 1 of this document. The duration of each project will be up to 3 years. Norwegian Companies: The Norwegian funding will cover the expenses one may have in the application type "Innovation Project for the Industrial Sector". Relevant project costs can be found here: xxxx://xxx.xxxxxxxxxxxxxxx.xx/en/Innovation_project_for_the_industrial_sector/1253963988 186 . Funding of selected projects will be provided in annual installments when every next installment is authorized only after evaluation of a report on the previous instalment spent and if only both reports submitted respectively to the RCN are evaluated positively (see 6. Reporting). Brazilian Companies: Funding of selected projects, rules for installments, evaluation of reports and other details of the project for Finep will be define according to technical criteria regarding Brazilian legislation. If and when inaccuracies or changes in the project already approved are necessary, the Parties shall inform each other and they should be implemented only if approved by each Party.
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FUNDING OF PROJECTS. 6.1. Only a person, whose identity MONEDIUS and/or payment service provider, who ensures the operation of the Payment Account/Transaction Account, has verified in a manner prescribed by MONEDIUS or the payment service provider, can request the Loan as the Borrower and enter into the Loan Agreement. Every User who seeks to become a Borrower has to complete the Borrower‘s Assessment and meet all the applicable reputation and creditworthiness criteria set out by MONEDIUS. The Borrower‘s Assessment is performed by MONEDIUS in accordance with the internal procedures. MONEDIUS may, at its own discretion, not allow the User to request the Loan or prescribe other additional conditions for requesting the Loan.
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FUNDING OF PROJECTS. 2.1.1 Projects will be funded by Sponsor or through other funding mechanisms that are mutually agreeable to the parties, in each case as provided in the applicable SOW. The parties will also agree on appropriate facilities and staffing for each Project and such other resources as may be needed to carry out each Project. No funds from any corporate or commercial entity other than Sponsor will be used to fund any Project(s) without the prior written consent of Sponsor.
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Related to FUNDING OF PROJECTS

  • Funding of Advances (a) Subject to the satisfaction of the conditions precedent set forth in Section 6.2, the Borrower may request Advances hereunder by giving notice to the Facility Agent, each Agent and the Collateral Agent of the proposed Advance at or prior to 2:00 p.m., New York City time, at least one (1) Business Day prior to the proposed Advance Date. Such notice (herein called the “Advance Request”) shall be in the form of Exhibit C-1 and shall include (among other things) the proposed Advance Date and amount of such proposed Advance, and shall, if applicable, be accompanied by an Asset Approval Request setting forth the information required therein with respect to the Collateral Obligations to be acquired by the Borrower on the Advance Date (if applicable). The amount of any Advance shall at least be equal to the least of (w) the Dollar equivalent of $500,000 in an Eligible Currency, (x) the (1) Borrowing Base on such day minus (2) the Advances Outstanding on such day, (y) the (1) Facility Amount on such day minus (2) the Advances Outstanding on such day and (z) only in the case of Advances other than Dollar Advances, the (1) Foreign Currency Sublimit on such day minus (2) the Foreign Currency Advance Amount on such day, in each case, before giving effect to the requested Advance as of such date. Any Advance Request given by the Borrower pursuant to this Section 2.2, shall be irrevocable and binding on the Borrower. The Facility Agent shall have no obligation to lend funds hereunder in its capacity as Facility Agent. Subject to receipt by the Collateral Agent of an Officer’s Certificate of the Borrower confirming the satisfaction of the conditions precedent set forth in Section 6.2, and the Collateral Agent’s receipt of such funds from the Lenders, the Collateral Agent shall make the proceeds of such requested Advances available to the Borrower by deposit to such account as may be designated by the Borrower in the Advance Request in same day funds no later than 3:00 p.m., New York City time, on such Advance Date.

  • Funding of Borrowings (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request.

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