Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the 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 Loan. Subject to the provisions of this Agreement, the Lender shall on the Drawdown Date make the Loan to the Borrower; and payment to the Borrower shall be made to the account which the Borrower specifies in the Drawdown Notice.
Disbursement of Loan. The Loan shall represent credit provided by the Seller to the Borrower for use against the purchase by the Borrower of the Acquired Shares from the Seller, in accordance with the terms of the Purchase Agreement. The Loan shall be deemed to be made by the Seller on the Closing Date, upon the terms and subject to the conditions of this Agreement. The Loan shall not be disbursed in cash. The Borrower shall, on the Closing Date, acknowledge to the Seller in writing application of the proceeds of the Loan in accordance with the terms of the Purchase Agreement.
Disbursement of Loan. (a) The Loan shall be disbursed by the Lender in such amounts and at such times prior to the termination of this Agreement as the Borrower may request on the terms of the remaining provisions of this clause 2.3.
Disbursement of Loan. Borrower hereby irrevocably authorizes Lender to disburse the proceeds of the Term Loan in immediately available funds as set forth in the Loan Closing Statement executed by Borrower on the Closing Date.
Disbursement of Loan. After the Closing Date, but in any event no later than the Deadline Date, Borrower shall be entitled to receive disbursements of the Loan Funds in accordance with the provisions of this Section 2.7 within ten (10) Business Days after compliance with all conditions precedent hereto, provided that (i) no material adverse change has occurred with respect to Borrower, (ii) no Event of Default and no material default exists hereunder or under any other Loan Documents, and (iii) such disbursement shall be paid in proportion to the required Cost Share Amount in accordance with the following:
Disbursement of Loan. Subject to the terms and conditions in this Agreement, the Loan shall be disbursed to the Borrower, in two disbursements, as Borrower shall direct, as follows:
Disbursement of Loan. 1.1. At any time prior to the Repayment Date, the Company shall be entitled to draw amounts on account of the Principle Amount, by provision to the Lender of a written notice setting forth the requested amount. The Lender shall transfer the drawn amount by wire transfer to the Company’s bank account within 7 business days from receipt of the notice.
Disbursement of Loan. 4.1 We will disburse the Loan amount, less the agreement fee specified in the Service Agreement, within the term set out in the Price List after the entry into force of the Service Agreement.
Disbursement of Loan. Upon receipt of a disbursement request for work completed and certification by the Municipality, the NDEQ agrees to disburse the principal amount of the loan set out in Section 2.01 of this Article during the progress of the Project for Project Costs. The Municipality may obtain a copy of the disbursement record upon request to NDEQ. Each disbursement shall be upon ACH by the State of Nebraska and shall be equal to that portion of the unobligated principal amount incurred to the date of the request for disbursement from the Municipality. Submitted requests for disbursement must be supported by proper invoices for Project Costs, a certificate of the Authorized Representative to the effect that all representations made in this Loan remain true as of the date of the request and that no adverse developments affecting the financial condition of the Municipality or its ability to complete the Project or to repay the Loan have occurred since the date of this Loan, or of the previous disbursement, and other documentation acceptable to and approved by the NDEQ. All disbursement requests must be made prior to the Cut-off Date established at the Project's final inspection by NDEQ. The Municipality may request disbursement for eligible Project Costs, when such Project Costs have been incurred and are due and payable to project contractors. Retainage withheld by the municipality on contracts will be withheld by the NDEQ until such Retainage is either reduced or released to the contractor by the Municipality. However, actual payment of such Project Costs by the Municipality is not required as a condition of a payment request. The Municipality shall submit a draft of the operation and maintenance manual for the Project to the NDEQ before disbursements exceed 75% of the Project Costs. The Municipality shall submit a final operation and maintenance manual to the NDEQ and receive approval before disbursements exceed 95% of the Project Costs.
