Approved Applicant definition
Examples of Approved Applicant in a sentence
Further, FRIAA may, in its sole discretion, allow Funds to be utilized by the receiver of an Approved Applicant in a manner that is in accordance with the bylaws, rules and policies of FRIAA, the Program and the Approval, as well as any applicable agreement, all as if the receiver is the original Approved Applicant.
An Approved Applicant is eligible to either placed into a SLOT when it becomes available or be provided another available benefit.
Where a payment is otherwise made by FRIAA prior to the expense being incurred or prior to the completion of a Project in accordance with its approved terms and conditions, the payment shall be an advance and shall be held in trust by the Approved Applicant until completion of the Project, or returned to FRIAA immediately upon request.
The terms and conditions herein shall apply to Approved Applicant (“Customer”) who has been granted AEON i-Cash Personal Financing Facility (“Facility”) by AEON Credit Service (M) Bhd (“AEON Credit”).
AA is hereby appointed as an Approved Applicant and is authorised to create and redeem Gold Bullion Securities in accordance with the terms hereof, provided that AA may delegate the carrying out of any of its obligations hereunder to any Affiliate of AA, and further provided that any such Affiliate to which the creation and/or redemption of any Gold Bullion Security is/are delegated is an Authorised Person, an Exempt Person or an Overseas Person.