Disbursement of Advance. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:
Disbursement of Advance. Subject to the provisions of this Agreement, the Lender shall on each Drawdown Date make each Advance to the Borrower; and payment to the Borrower shall be made to the account which the Borrower specifies in the Drawdown Notice.
Disbursement of Advance. Subject to the provisions of this Agreement, the Lender shall on each Drawdown Date make available the relevant Advance to the Borrowers; and payment to the Borrowers shall be made to the account which the Borrowers specify in the relevant Drawdown Notice.
Disbursement of Advance. Upon purchase by Summit of an Account for which there has been an underlying advance based upon Acceptable Inventory, the Advance shall be disbursed to Summit to repay the underlying advance based upon Acceptable Inventory and all interest and Fees and Charges owing in connection therewith. The remainder, if any, shall be disbursed in accordance with the terms and conditions of the Financing Agreement.
Disbursement of Advance. At Lender’s option, Lxxxxx may make advances of the Loan directly into a separate construction disbursement account or other Borrower account with Lender, to Borrower directly, to a title insurance company or other third party, directly to the general contractor, subcontractor, materialmen or other suppliers providing labor, services or materials in connection with the construction of the Project, or jointly to Borrower and any such person. Lender shall have no obligation after making Advances in a particular manner to continue to make Advances in that manner. Notwithstanding the foregoing, Lxxxxx’s records of any Advance made pursuant to this Agreement shall, in the absence of manifest error, be deemed correct and acceptable and binding upon Borrower.
Disbursement of Advance. Subject to the provisions of this Agreement, the Facility Agent shall on each Drawdown Date pay to the relevant Borrowers the relevant Advance for the purposes specified in the Drawdown Notice relative to such Advance the amounts which the Facility Agent receives from the Lenders under Clause 4.6; and that payment to such Borrowers shall be made:
Disbursement of Advance. Subject to the provisions of this Agreement:
Disbursement of Advance. At Lender’s option, Lender may make advances of the Construction Loan directly into a separate construction disbursement account or other Borrower account with Lender, to Borrower directly, to a title insurance company or other third party, or directly to the general contractor, subcontractor, materialmen or other suppliers providing labor, services or materials in connection with the Project Lender shall have no obligation after making Construction Loan disbursements in a particular manner to continue to make Construction Loan disbursements in that manner. Notwithstanding the foregoing, Lender’s records of any advance made pursuant to this Agreement shall, in the absence of manifest error, be deemed correct and acceptable and binding upon Borrower.
Disbursement of Advance. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date remit in accordance with the Borrowers’ instructions as set out in the relevant Drawdown Notice) the amounts which the Agent receives from the Lenders under Clause 4.5; and that remittance shall be made:
Disbursement of Advance. Provided each Lender receives a request for an Advance not later than (i) 11:00 a.m. (Philadelphia time) on the Business Day before the date a LIBOR Advance is to be made and (ii) not later than 1:00 p.m. on the date a Base Rate Advance is to be made, each Lender, not later than 3:00 p.m. (Philadelphia time) on the proposed borrowing date, (i) will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender’s Loan Commitment Percentage of the Advance to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse each Advance requested pursuant to this Section 1.3 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent Advance Request delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 1.3(e) below, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Advance requested pursuant to this Section 1.3 to the extent that any Lender has not made available to the Administrative Agent its Loan Commitment Percentage of such Advance.
