Advance of Funds definition

Advance of Funds means the amount of resources advanced by the Bank to the Borrower, chargeable to the Loan, to cover eligible expenditures of the Project, as provided in Article 4.07 of these General Conditions.
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Advance of Funds means the amount of resources advanced by the Bank to the Beneficiary or the Executing Agency, as the case may be, chargeable to the resources of the Contribution, to cover eligible expenditures of the Project.
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Advance of Funds means the amount of resources advanced by the Bank to the Beneficiary or the Executing Agency, as the case may be, chargeable to the resources of the Contribution, to cover eligible expenditures of the Project. during the corresponding advance of funds period in effect; or (ii) make a new advance of funds based on the provisions of paragraph (b)(ii) above, provided that at least eighty percent (80%) of the total amount of resources disbursed as an advance of funds has been justified.
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Examples of Advance of Funds in a sentence

  • At the request of the Borrower or the Executing Agency, as the case may be, the Bank may make disbursements of the resources of the Loan through: (a) reimbursement of expenditures; (b) Advance of Funds; (c) direct payments to third parties; and (d) reimbursement under a letter of credit guarantee.


More Definitions of Advance of Funds

Advance of Funds. If requested by the Vendor, deposit in the trust account referred to in Section 8.6(b) above sufficient funds to enable the Vendor to pay on the Purchaser's behalf all third party costs, expenses and all surface and mineral rentals which become due within two (2) months of Closing. To the extent that the Vendor pays any amounts on behalf of the Purchaser prior to an advance being made by the Purchaser, the Purchaser shall reimburse the Vendor therefor within fifteen (15) days of being provided with an invoice and, if not paid within such fifteen (15) day period, each such invoice will thereafter bear interest until paid at the prime lending rate of the Vendor's bankers calculated daily and not compounded; and
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Advance of Funds means a sum of money provided to a State, local government, or other Federal agency prior to audit and/or final settlement of its claim.
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Advance of Funds. The County shall advance funds required to pay for the costs of construction of the Shelter. The County intends to finance the funds it advances, including County in house soft costs.
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Advance of Funds means an interlocutory award of costs for monies expended during the review of an application and hearing process, subject to review and variation in a final costs award after the conclusion of the proceeding.
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Related to Advance of Funds

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Custodial Agreement An agreement that may be entered into among the Company, the Master Servicer, the Trustee and a Custodian pursuant to which the Custodian will hold certain documents relating to the Mortgage Loans on behalf of the Trustee. Custodian: A custodian appointed pursuant to a Custodial Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.