Additional Disbursement Clause Samples

Additional Disbursement. Prior to additional disbursement under the Agreement, or to the issuance by USAID of documentation pursuant to which additional disbursement will be made, the Recipient will, unless waived in writing by USAID, furnish to USAID, in form and substance satisfactory to USAID:

Additional Disbursement. (a) Lender may agree, from time to time with respect to certain Collateral Properties to advance to Borrower an amount which is less than the principal amount of the Loan secured by such Collateral Properties. In that event, Lender shall prepare a SCHEDULE 2.13 to this Agreement which shall become a part hereof and set forth the additional disbursements which Lender shall make to Borrower with respect to the Collateral Properties identified on such Schedule (the "Additional Disbursement") subject to the terms of this Section 2.13. (b) Upon and with a request by Borrower for an Additional Disbursement, Borrower shall provide evidence in all respects satisfactory to Lender that: (i) additional rentals which support the Additional Disbursement are derived from leases under which the lease term has commenced; (ii) the lessees or tenants under such leases are acceptable to Lender; (iii) assuming the Additional Disbursement, the requirements set forth in Sections 7.01 and 7.03 hereof are met; and, (iv) no Event of Default has occurred or is continuing. (c) Lender shall make no more than two Additional Disbursements with respect to the Collateral Properties identified on any SCHEDULE 2.13 hereto. Borrower's right to request such Additional Disbursements shall terminate 180 days from the Borrowing Date set forth on the applicable SCHEDULE 2.13. No Additional Disbursement shall be made by Lender in an amount less than One Hundred Thousand ($100,000.00) Dollars.