Call for funds definition

Call for funds means the document by which the Operator requests from the Beneficiary the funds corresponding to its quota of the expenditure referred to in article 19.1 of the Contract. In the event of divergence between the provisions of the Contract or the Accounting Procedure and this financing agreement, the provisions of the Contract prevail.
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Call for funds has the meaning set forth in Section 2.3(b).
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Examples of Call for funds in a sentence

  • These discretions include, but are in no way limited to a right to: • Refuse any application for an Account without cause • Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds.

  • Call for funds may again be submitted as soon as possible after resumption of payments or may be included in the first call for funds due following resumption of payments.

  • These discretions include but are in no way limited to a right to: • Refuse any application for an Account without cause • Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds.

  • These discretions include, but are in no way limited to a right to:  Refuse any application for an Account without cause  Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4)  Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds.

  • These discretions include, but are in no way limited to a right to: Refuse any application for an Account without cause Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds.

  • For any unforeseen expenditure (including an unforeseeable increase of at least 20% of a budgetary heading), the operator may issue a Call for funds which must be honored within ten day (10) business after receipt by the Beneficiary.

  • If the Members have approved the Company’s acquisition of a Property (as such term is defined in Section 6.1(a)) pursuant to Section 6.1(f), then the Manager shall cause the Company to make a Capital Call for funds sufficient to enable the Company to pay all costs and expenses of said acquisition, including the portion of the purchase price not funded with Senior Financing as defined herein (collectively, “Acquisition Expenses”) in accordance with the Acquisition Budget for said Property.

  • The amount of the Call for funds corresponds to the amount of the expenses payable or of the products to be collected for the Month N+1.

  • These discretions include, but are in no way limited to a right to: ● Refuse any application for an Account without cause ● Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) ● Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds.