PERFORMANCE PROCEDURE Sample Clauses
The PERFORMANCE PROCEDURE clause outlines the specific steps and requirements that a party must follow to fulfill its contractual obligations. Typically, this clause details the standards, timelines, and methods for delivering goods or services, and may include provisions for inspections, approvals, or documentation to verify completion. By clearly defining how performance is to be carried out and measured, this clause helps prevent misunderstandings and disputes, ensuring that both parties have a shared understanding of what constitutes satisfactory performance under the contract.
PERFORMANCE PROCEDURE. 2.1. The Financial University shall: 2.
1.1. Render consultative and methodological assistance to the Partner School in designing educational process, compiling and reviewing curricula and teaching and methodological materials;
PERFORMANCE PROCEDURE. 4.14.1 On each date on which an amount is due from the Borrower in connection with any Loan pursuant to this Agreement or any of the Aircraft Operative Documents, the Borrower shall no later than 1.00 pm (New York time) on such due date make such amount available to the Agent by payment in Dollars in same day funds (or such other funds as may from time to time be customary for the settlement in New York City of international banking transactions in Dollars) to the Agent's account with First Chicago International, New York Branch, Account Title: Halifax Plc Treasury, Account No. 1043▇▇▇ (▇▇ to such other account in New York City as the Agent may upon not less than five (5) Banking Days' written notice from time to time designate), or, if the payment is to be made in a currency other than Dollars, to such account as may from time to time be nominated in writing by the Agent by not less than five (5) Banking Days' notice.
4.14.2 Upon receipt by the Agent of an amount referred to in Clause 4.14.1 the Agent shall if such amount is received by 1.00 pm (New York time) on the due date make available on such due date (and otherwise on the next Banking Day) to the relevant Lead Manager such portion of the amount so received as represents the aggregate of the entitlement of the British Lenders, the French Lenders or the German Lenders (as the case may be) of such amount in such funds as are received by the Agent by payment to such account as the relevant Lead Manager may have specified in writing.
4.14.3 Without prejudice to the provisions of Clause 4.14.2, the Agent shall not be obliged to make available to any Lead Manager or any Lender any sum which it is expecting to receive for the account of such Lead Manager or such Lender pursuant to this Agreement or any of the Aircraft Operative Documents until it has been able to establish that it has received that sum from the Borrower. If and to the extent that the Agent does pay such sum to a Lead Manager but it subsequently transpires that the Agent had not received the relevant sum:-
(a) the relevant Lead Manager shall on request by the Agent refund such sum to the Agent; and
(b) the relevant Lead Manager shall on request by the Agent pay to the Agent the amount (as certified by the Agent) which will indemnify the Agent against any funding or other cost, loss, expense or liability as a result of making available or paying out that sum before receiving it; and
(c) each Lender shall indemnify the relevant Lead Manager i...
PERFORMANCE PROCEDURE. (a) On each date on which an amount is due from the Borrower pursuant to this Agreement or any of the other Finance Documents, the Borrower shall no later than 10:00 a.m. (New York time) on that due date make that amount available to the Facility Agent by payment in Dollars in same day funds to the following account of the Facility Agent: Bank: JPMorgan Chase Bank, New York SWIFT Code: ▇▇▇▇▇▇▇▇ Bank: JPMorgan Chase Bank, N.A., London SWIFT Code ▇▇▇▇▇▇▇▇ Account Name: Terapon Funding USD WTLL Account Number: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Reference: Terapon Funding Designated Activity Company or to such other account as the Facility Agent may upon not less than five (5) Banking Days’ written notice from time to time designate to the Borrower.
(b) Upon receipt by the Facility Agent of an amount referred to in clause 4.11(a), the Facility Agent shall make available on the due date (if that amount is received by 10:00 a.m. (New York time) on the due date) or (otherwise) on the next succeeding Banking Day to the relevant Lender that portion of the amount so received as represents its entitlement to that amount in such funds as are received by the Facility Agent by payment to such account as the relevant Lender may have specified in writing.
(c) Without prejudice to the provisions of clause 4.11(b), where a sum is to be paid to the Facility Agent under the Finance Documents for another party, the Facility Agent is not obliged to pay that sum to that other party (or to enter into or perform any related exchange contract) until it has been able to establish to its satisfaction that it has actually received that sum.
(d) If the Facility Agent or its Affiliate or Representative on its behalf or direction (the Facility Agent and its applicable Affiliate or Representative, an “Agent Entity”) pays an amount to another party (unless clause 4.11(e) applies) or, at the direction of such party, that party’s Affiliate, Related Fund or Representative (such party and its applicable Affiliate, Related Fund or Representative, an “Other Party Entity”) and it proves to be the case (in the sole determination of the Facility Agent) that (i) neither the Facility Agent nor the applicable Agent Entity actually received that amount or (ii) such amount was otherwise paid in error (whether such error was known or ought to have been known to such other party or applicable Other Party Entity), then the party to whom that amount (or the proceeds of any related exchange contract) VP/#65700180 was pa...
PERFORMANCE PROCEDURE. 4.14.1 On each date on which an amount is due from any Borrower in connection with any Loan pursuant to this Agreement or any of the Transaction Documents, the relevant Borrower shall no later than (i) 10.00 am (New York time) if such payment is due in Dollars and (ii) 1.00 pm Paris time if such payment is due in Euros on such due date make such amount available to the Agent by payment in Dollars or Euros, as the case may be, in same day funds to the Agent's account (x) if payment is in Dollars with Credit Lyonnais, New York Branch, Swift Code ▇▇▇▇▇▇▇▇ for the account of 01 00684 0001 00-EX896, Credit Lyonnais, Paris, Swift Code ▇▇▇▇▇▇▇▇▇▇▇, (or to such other account in New York City as the Agent may upon not less than five (5) Business Days' written notice from time to time designate) or (y) if the payment is to be made in Euros to the Agent's account with Credit Lyonnais, Paris branch, swift code ▇▇▇▇▇▇▇▇▇▇▇ account no 30002008960000999109D90 (or to such other account as the Agent may upon not less than five (5) Business Days' written notice from time to time designate. All payments shall be made under reference DDO-EX/896-FC6-GATX msn [relevant msn].
4.14.2 Upon receipt by the Agent of an amount referred to in Clause 4.14.1, the Agent shall if such amount is received by 5.00 pm (Paris time) on the due date make available on such due date (and otherwise on the next succeeding Banking Day) to the relevant National Agent such portion of the amount so received as represents the aggregate of the entitlement of the British Lenders, the French Lenders or the German Lenders (as the case may be) of such amount in such funds as are received by the Agent by payment to such account as the relevant National Agent may have specified in writing.
4.14.3 Without prejudice to the provisions of Clause 4.14.2, the Agent shall not be obliged to make available to any National Agent or any Lender any sum which it is expecting to receive for the account of such National Agent or such Lender pursuant to this Agreement or any of the Transaction Documents until it has been able to establish that it has received that sum from the relevant Borrower. If and to the extent that the Agent does pay such sum to a National Agent but it subsequently transpires that the Agent had not received the relevant sum:
(a) the relevant National Agent shall on request by the Agent refund such sum to the Agent; and
(b) the relevant National Agent shall on request by the Agent pay to the Agent the amou...
PERFORMANCE PROCEDURE