Disbursement Certificate Sample Clauses
A Disbursement Certificate clause defines the requirements and procedures for providing a formal statement or certificate before funds are released under an agreement. Typically, this certificate is issued by a borrower or project manager to confirm that certain conditions have been met, such as completion of work milestones or satisfaction of legal and financial obligations. By requiring this documentation, the clause ensures that disbursements are only made when appropriate, thereby reducing the risk of improper payments and providing assurance to the party releasing funds.
Disbursement Certificate. PriceSmart shall have furnished OPIC with a certificate of an Authorized Officer, dated the Closing Date, substantially in the form of Exhibit D.
Disbursement Certificate a certificate of the Authorized Agency Representative for the disbursement of funds from the appropriate account of the Project Fund, in substantially the form of Exhibit D of this Financing Agreement.
Disbursement Certificate a certificate of the Authorized Agency Representative for the disbursement of funds from the appropriate account of the Project Fund, in substantially the form of Exhibit D of this Financing Agreement. Disclosure Documents – collectively, the Offering Memorandum and any amendments thereto. Event of Taxability – any act or omission that could adversely affect the excludability of the interest on any Note from the gross income of the owner of the Note. Executive Director – the Executive Director of the Authority, or any member of the staff of the Authority authorized by the Board to perform the duties of the Executive Director. Facility Contract – any contract, entered into by the Qualified Agency after the effective date of this Financing Agreement, for the design, engineering, acquisition, construction, equipping, repair, or renovation of any facilities financed for the Qualified Agency in whole or part with proceeds of the Notes. Financing Agreement – this Financing Agreement, and any amendments hereto. Gross Proceeds – means any Proceeds and any Replacement Proceeds. Interest and Sinking Fund – the fund by that name created pursuant to Section 4.01 of the Resolution for the purpose of paying Note Obligations.
Disbursement Certificate. Backup Decommissioning Trust
Disbursement Certificate a certificate of the Lessee for the disbursement of funds from the Project Fund created pursuant to the Resolution, in substantially the form of Exhibit C to this Lease. Easement Agreement - the Easement Agreement attached hereto as Exhibit H to be entered into between the Authority and the Lessee in accordance with this Lease. Effective Date - the date of execution of this Lease.
Disbursement Certificate. Each time that the Company wishes to withdraw funds from the Escrow Fund, it shall deliver to each holder of Notes and the Escrow Agent at least five Business Days prior to the requested disbursement date (the "Disbursement Date"), a certificate (the "Disbursement Certificate") in the form of Exhibit 1 to the Escrow Agreement, which Disbursement Certificate shall detail the Company's proposed use of funds and contain the other representations, as applicable, that are set forth on such Exhibit 1. Unless the Escrow Agent shall have received a certificate (the "Termination Certificate") in the form of Exhibit 2 to the Escrow Agreement prior to the Disbursement Date, the Escrow Agent shall disburse to the Company the amount of funds requested in the Disbursement Certificate on the Disbursement Date. Any Termination Certificate delivered pursuant to this Agreement may be rescinded by subsequent notice from the holder or holders of 50% or more of outstanding Notes to the Company and the Escrow Agent, such notice to state specifically that it rescinds a Termination Certificate.