Closing Disbursements Sample Clauses

Closing Disbursements. The delivery and recording of documents and the disbursement of funds shall be effectuated through the Escrow Agent at the Closing and pursuant to the closing instructions from the parties hereto, which closing instructions shall not modify or diminish the parties’ respective obligations hereunder.
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Closing Disbursements. The Closing of the Loan ("Closing") shall occur after all conditions precedent set forth below have been satisfied or waived by Lender. The date on which the Closing occurs is the "Closing Date". The Loan will be advanced by wire transfer of immediately available funds, subject to any prorations and adjustments required by this Agreement, in installments on the 10th day of each month and in amounts approved by Lender based upon construction costs for the Improvements and other documentation provided by Borrower as required by Lender.
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Closing Disbursements. The Bank shall make full disbursement of the proceeds of the Term Loan at Closing first, to pay all closing costs and disbursements shown on a closing statement relating to the Loans executed by the Bank and the Borrower at Closing, then the remainder of the principal of the Term Loan shall be disbursed to Borrower at Closing. The Revolving Line of Credit Facility shall be available for disbursement for Borrower after Closing. Borrower’s execution of such closing statement shall be conclusive evidence of Borrower’s approval of the disbursements shown on the closing statement and of Borrower’s authorization for the Bank to pay such disbursements with the proceeds of the Term Loan.
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Closing Disbursements. (a) The Purchase Price has been computed by including certain charges and credits which will be reflected in the Closing Statement. As reflected by the Closing Statement, Seller has credited to Buyer (whereupon the Buyer will disburse) the following:
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Closing Disbursements. The Company shall deliver to Parent and the Exchange Agent three (3) Business Days prior to the Closing Date a copy of Section 2.2(a)(i) the Disclosure Schedule, updated as of the date it is delivered to Parent and Exchange Agent, supplemented to include for each Stockholder, in addition to the information set forth in Section 2.2(a)(i) the Disclosure Schedule, (a) the Pro Rata Portion applicable to such Person, (b) pursuant to Section 1.6, the number of shares of Parent Common Stock to be issued to each holder (specifying (1) the number of shares to be issued to each holder pursuant to Section 1.9 and (2) the number of shares to be deposited in the Escrow Fund on behalf of such holder) and amount of cash to be paid to each holder (specifying (1) the amount of cash to be paid to such holder pursuant to Section 1.9, (2) the amount of cash to be deposited in the Escrow Fund on behalf of such holder with respect to the Employee Severance Amount, and (3) the amount of cash to be deposited on behalf of such holder in the Expense Escrow Account), and (c) the number of Parent Shares and amount of cash, if any, to be paid by the Stockholder in settlement of tax withholding obligations pursuant to Section 1.6(e), and which shall be certified as true and correct by the Chief Executive Officer and Chief Financial Officer of the Company as of the Closing.
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Closing Disbursements. Parent and the Exchange Agent shall have received from the Company three (3) Business Days prior to the Closing Date the closing disbursements pursuant to Section 5.21, which shall have been certified as of the Closing Date as complete and correct by the Chief Executive Officer and the Chief Financial Officer of the Company.
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Closing Disbursements. At Closing, Buyer and Sellers shall direct the Escrow Agents, in writing, to disburse the Initial Payment as follows:
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Closing Disbursements. The Closing of the Loan ("Closing") shall occur on April 20, 2009 at which time the Loan shall be disbursed by Lender by wire transfer of immediately available funds to Borrower.
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Closing Disbursements 
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Related to Closing Disbursements

  • Deemed Disbursements Upon the occurrence and during the continuation of any Default under Section 8.1.9 or upon notification by the Administrative Agent (acting at the direction of the Required Lenders) to the Borrower of its obligations under this Section, following the occurrence and during the continuation of any other Event of Default,

  • Disbursements and Payments Each disbursement by the Bank and each payment by the Borrower will be:

  • Loan Disbursements (a) On the Effective Date, and following each subsequent request for disbursement from Borrower which request shall be sent by Administrative Agent to each Lender and shall identify the proposed Funding Date, each Lender shall make available to Administrative Agent (or the funding bank or entity designated by Administrative Agent), the amount of such Lender’s Pro Rata Share of the Loan in immediately available funds not later than the times designated in Section 12.3(b). Unless Administrative Agent shall have been notified by any Lender not later than the close of business (San Francisco time) on the Business Day immediately preceding the Effective Date or any subsequent Funding Date in respect of any disbursement that such Lender does not intend to make available to Administrative Agent such Lender’s Pro Rata Share of such disbursement, Administrative Agent may assume that such Lender shall make such amount available to Administrative Agent. If any Lender does not notify Administrative Agent of its intention not to make available its Pro Rata Share of such disbursement as described above, but does not for any reason make available to Administrative Agent such Lender’s Pro Rata Share of such disbursement, such Lender shall pay to Administrative Agent forthwith on demand such amount, together with interest thereon at the Federal Funds Rate. In any case where a Lender does not for any reason make available to Administrative Agent such Lender’s Pro Rata Share of such disbursement, Administrative Agent, in its sole discretion, may, but shall not be obligated to, fund to Borrower such Lender’s Pro Rata Share of such disbursement. If Administrative Agent funds to Borrower such Lender’s Pro Rata Share of such disbursement and if such Lender subsequently pays to Administrative Agent such corresponding amount, such amount so paid shall constitute such Lender’s Pro Rata Share of such disbursement. Nothing in this Section 12.3(a) shall alter the respective rights and obligations of the parties hereunder in respect of a Defaulting Lender or a Non-Pro Rata Advance.

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

  • Funds Transfer Disbursements The Borrower hereby authorizes the Administrative Agent to disburse the proceeds of any Loan made by the Lenders or any of their Affiliates pursuant to the Loan Documents as requested by an authorized representative of the Borrower to any of the accounts designated in the Disbursement Instruction Agreement.

  • Closing Costs The costs attributed to the Closing of the Property shall be the responsibility of ☐ Buyer ☐ Seller ☐ Both Parties. The fees and costs related to the Closing shall include but not be limited to a title search (including the abstract and any owner’s title policy), preparation of the deed, transfer taxes, recording fees, and any other costs by the title company that is in standard procedure with conducting the sale of a property.

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

  • Single Disbursement to Borrower Borrower shall receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.

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