DISBURSEMENT OF LOAN FUNDS. ACPE will disburse funds through your school’s financial aid office. Your loan will generally be disbursed in multiple installments based on the academic terms at the school. If you are attending a school without standard academic terms, your loan will generally be disbursed in two disbursements, one at the beginning and one at the midpoint of the enrollment period.
DISBURSEMENT OF LOAN FUNDS. Disbursements of principal under the Loans may be made at various times at the request of Borrowers, provided that Lender shall have the right to withhold further disbursements if it determines that: (a) the value of the Collateral is insufficient; (b) Loan proceeds previously advanced have been used for purposes other than those approved by Lender; (c) the terms and conditions of this Agreement have been violated by Borrowers; (d) Borrowers do not demonstrate continued involvement in farming, or (e) any other event has occurred which would entitle Lender to accelerate payment of the Loan.
DISBURSEMENT OF LOAN FUNDS. The following provisions relate to the disbursement of funds from the Loan Fund.
DISBURSEMENT OF LOAN FUNDS. 4.1 CONDITIONS PRECEDENT TO INITIAL DISBURSEMENTS OF PROCEEDS OF THE BONDS. Bondowner Representative’s obligation to consent to the initial disbursement of the proceeds of the Bonds held by Bondowner Representative in the Bond Fund in an amount not to exceed $ .00 shall be subject at all times to satisfaction of each of the following conditions precedent:
DISBURSEMENT OF LOAN FUNDS. The following provisions relate to the disbursement of funds from the Loan Fund. Application for Reimbursements. Each application shall be stated on a Draw Agreement in the form attached hereto as Exhibit C and incorporated herein by reference, executed by Borrower, and supported by such evidence as Lender shall reasonably require. Borrower shall apply only for disbursement with respect to work actually done by the General Contractors and for materials and equipment actually incorporated into the Projects. Each application for a Reimbursement shall be deemed a certification of Borrower that as of the date of such application, all representations and warranties contained in the Agreement are true and correct, and that Borrower is in compliance with all of the provisions of this Agreement.
DISBURSEMENT OF LOAN FUNDS for Milestone 4 is conditional upon the submission to UNOPS of all of the following:
DISBURSEMENT OF LOAN FUNDS. Upon presentation for recordation of the Mortgage and delivery to the LENDER of the Mortgage Note, and upon compliance by Borrower with all other requirements specified by the LENDER as set forth in this Agreement, the LENDER shall disburse the LOAN funds to the BORROWER at such times and in such amounts as set forth in the Disbursement Schedule attached hereto and made a part hereof as Exhibit "C". Prior to each disbursement of LOAN funds hereunder, BORROWER shall deliver to LENDER its Acknowledgment Note in a principal amount equal to the amount of such disbursement. The BORROWER shall, as a condition precedent to being entitled to receive each LOAN advance hereunder, provide the LENDER, or its designee, with such certificates of progress of construction of the BUILDING and/or acquisition or installation of EQUIPMENT as the LENDER may require, describing the nature and extent of all work done and/or EQUIPMENT acquired or installed, indicating the stage to which construction has progressed, and certifying that all work has been done and materials and EQUIPMENT have been installed in compliance with plans and specifications. The BORROWER shall furnish proof as to payment of construction bills and subcontracts, and provide lien waivers, inspection reports, architects' and/or engineer's certificates of on-site and off-site improvements, invoices, and such other proof as the LENDER may reasonably require to establish the progress of construction of the BUILDING and of acquisition and/or installation of EQUIPMENT. Lender acknowledges that the Parent Company of Borrower, Simmxxx Xxxpany, has heretofore advanced to Borrower the amounts shown on Exhibit "C -1" for certain design and construction costs (the "Parent
DISBURSEMENT OF LOAN FUNDS. At closing, the County shall disburse the Loan funds to Borrower to be placed by Borrower into a restricted bank account (the “Bank Account”). Disbursements from the Bank Account shall be approved by FHFC’s servicer. For any month in which a disbursement is made from the Bank Account, Borrower shall deliver to the County a copy of the related draw request.
DISBURSEMENT OF LOAN FUNDS. The following provisions relate to the disbursement of funds from the Loan Fund. Application for Advances. Each application shall be stated on a payment request form approved by Xxxxxx, executed by Xxxxxxxx, and supported by such evidence as Lender shall reasonably require. Borrower shall apply only for disbursement with respect to work actually done by the General Contractor and for materials and equipment actually incorporated into the Project. Each application for an Advance shall be deemed a certification of Borrower that as of the date of such application, all representations and warranties contained in the Agreement are true and correct, and that Borrower is in compliance with all of the provisions of this Agreement.
DISBURSEMENT OF LOAN FUNDS. (a) PRO RATA AVAILABILITY. No later than 11:00 a.m. (Chicago time) on the date specified in each Notice of Borrowing, each Lender will make available to the Agent its Percentage share of each Loan requested to be made on such date and the Agent shall make such amounts available to the Borrower by 2:00 p.m. (Chicago time) on such date in Chicago, Illinois in immediately available funds in accordance with the Borrower's written directions.
