Disbursements of Funds. (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender shall make available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Closing Date, such funds may be made available at such earlier time as may be agreed among the Lenders, Holdings and the Administrative Agent for the purpose of consummating the Transactions; provided, further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time).
Disbursements of Funds a) If applicable, the owner hereby authorizes High Country Property Management, LLC. to pay from the Owner's trust account maintained by High Country Property Management, LLC, all expenses connected with the management operation and maintenance of the property. Said costs include all owner-designated utilities, mortgage payments, mortgage, insurance, property taxes, XXX xxxx, and any costs incurred for repairs or improvements to the property subject to this agreement. Owner to ensure that adequate funds are maintained to cover such costs. If funds are not sufficient to cover expenses incurred, the Owner will remit needed funds within seven (7) days of notification by High Country Property Management, LLC.
Disbursements of Funds. A. Developer must use all Loan funds, less the ten percent (10%) holdback payable after the last Certificate of Occupancy for the Project is issued, if applicable, before issuance of the last Certificate of Occupancy for the Project and if the Loan funds cannot be used within such timeframe, the Developer will notify the Town in writing within five (5) business days of any occurrence that makes it unlikely that Developer can meet the deadline for the expenditure of Loan funds.
Disbursements of Funds. The HWSETA will disburse the allocated funds in accordance with the Memorandum of Agreement to the employer.
Disbursements of Funds. 4.1. The SCMA shall disburse monies out of a fund holding account only in the following circumstances:
Disbursements of Funds. It is not a condition to disbursements under this Section that the entire $6,217,185 plus interest on purchase money loans shall have been deposited into the Account; the CITY may obtain disbursements of any and all funds in the Account pursuant to the other terms and conditions of this Section 3. Escrow Holder shall disburse amounts on deposit in the Account solely in accordance with the directions of CITY and DISTRICT given by any person designated/authorized to act on behalf of the CITY and DISTRICT, respectively, as indicated on Exhibit “A” hereto, in accordance with a disbursement authorizations in the form attached hereto as Exhibit “B”, subject to the last paragraph of this Section 3. Upon the CITY’s and DISTRICT’s execution of this Agreement, CITY and DISTRICT shall promptly finalize and send the applicable certificate in the form attached as Exhibit “A” to the other party and to Escrow Holder, but either party may thereafter change its authorized signatory by another certificate sent to Escrow Holder and the other party. If CITY desires DISTRICT to approve a disbursement, CITY shall so request in writing to DISTRICT (with a copy to Escrow Holder), which will include an explanation of the construction costs for which the request is being made, and evidence of such costs (“Disbursement Request”). If DISTRICT disputes the request, DISTRICT shall inform CITY and Escrow Holder in writing of the nature of the dispute and the reason(s) for the dispute within seven (7) business days after the CITY’s Disbursement Request is delivered to DISTRICT. If DISTRICT does not timely do so, time being of the essence of this paragraph, then Xxxxxx shall disburse the requested funds to CITY. If any funds are left in the Account when the improvements have been completed, they will be disbursed to DISTRICT upon the written request of DISTRICT given by its designated/authorized signatory to CITY, and CITY’s reasonable written approval of such request given by its designated/authorized signatory to Escrow Holder and DISTRICT. Any funds left in the Account when the Improvements have been completed shall be used by DISTRICT for other flood control improvement in the CITY.
Disbursements of Funds. Through delivery of written instructions by the Company executed by an Authorized Representative (as defined below) to the Escrow Agent, which shall be in form and substance satisfactory to the Escrow Agent, the Company shall be entitled to make disbursements from the Professional Fees Escrow Account as contemplated by this Agreement and the Plan. On the Effective Date, or within ten (10) days of their allowance for Professional Claims not Allowed as of the Effective Date (or authorized to be paid pursuant to any interim compensation order entered by the Bankruptcy Court), the Company shall disburse Cash from the Professional Fee Escrow Account to pay Professional Claims in the amount Allowed by the Bankruptcy Court (or authorized to be paid pursuant to any interim compensation order entered by the Bankruptcy Court), but not to exceed the applicable Professional Fee Payment Amount less any amounts paid on account of Professional Claims prior to the Effective Date as set forth on Exhibit C. The Professional Fees Escrow Account has been established in trust for the Professionals. No funds in the Professional Fees Escrow Account shall be property of the Estates or the Company and shall not be subject to any Lien. Funds remaining, if any, in the Professional Fees Escrow Account after all Allowed Professional Claims have been paid (subject to the Professional Fee Payment Amount) will be turned over to the Company. Only the Professionals identified on Exhibit C shall be entitled to funds in the Professional Fees Escrow Account and then only to the extent set forth in Exhibit C.
Disbursements of Funds. A. The DEPARTMENT shall prescribe forms to be used for project approval, certification of completion and requesting disbursement of funds. These forms may request information to identify, locate, categorize, determine eligibility, assess benefits of projects, designate the intended source of funding, other anticipated state and federal financial assistance, the length of the loan, frequency of repayment, and the anticipated date of first payment by the BORROWER, the total cost of the project and other pertinent information related to the eligibility, location, benefits, or financing of the project. The LENDER shall provide the requested information to the best of its knowledge.
Disbursements of Funds. 5.1 The Developer's Right to Draw Against the Funds. The Developer shall have the right to make periodic draws against the Funds to pay for work as it is partially completed (the "Draws"). The right to receive Draws shall be subject to the following:
Disbursements of Funds. Before the closing date, each party shall deposit with the closing agent all funds required to be paid by such party to close the transac- tion. The closing agent is authorized, but not required, to consider the lender’s written commitment to deposit funds as the equivalent of a deposit of such funds, if all conditions of the commitment will be met on or before the closing date. All funds received by the closing agent shall be deposited in a trust account with any bank doing business in the State of Washington and may be transferred to any other such accounts. The closing agent shall not be required to disburse any funds deposited by check or draft until it has been advised by its bank that such check or draft has been honored. All disbursements shall be made by the closing agent’s check.
