Common use of Disbursement of Loan to third party Clause in Contracts

Disbursement of Loan to third party. A payment by the Agent under Clause 4.6 (Disbursement of Loan) above shall constitute the making of the Loan and the Borrower shall thereupon become indebted, as principal and direct Security Party, to each Lender in an amount equal to that Lender’s Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 (Disbursement of Loan) above shall constitute the making of the Loan and the Borrower Borrowers shall thereupon at that time become indebted, as principal and direct Security Partyobligors, to each Lender in an amount equal to that Lender’s 's Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 (Disbursement of Loan) above to any third party specified by the Borrowers in the Drawdown Notice shall constitute the making of the Loan and the Borrower Borrowers shall thereupon at that time become indebted, as principal and direct Security Partyobligors, to each Lender in an amount equal to that LenderXxxxxx’s Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 to the Builder or the Borrowers (Disbursement of Loanas the case may be) above shall constitute the making of the Loan and the Borrower Borrowers shall thereupon become indebted, as principal and direct Security Partyobligor, to each Lender in an amount equal to that LenderXxxxxx’s Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 4.7 (Disbursement of Loan) above shall constitute the making of the Loan and the Borrower shall thereupon at that time become indebted, as principal and direct Security Partyobligor, to each Lender in an amount equal to that Lender’s 's Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 (Disbursement of Loan) above to the Borrower or any third party named in the Drawdown Notice and agreed by the Agent shall constitute the making of the Loan and the Borrower shall thereupon at that time become indebted, as principal and direct Security Partyobligor, to each Lender in an amount equal to that Lender’s Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 4.7 (Disbursement of Loan) above shall constitute the making of the Loan and the Borrower shall thereupon at that time become indebted, as principal and direct Security Partyobligor, to each Lender in an amount equal to that Lender’s Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 (Disbursement of Loan) above to a third party specified in the Drawdown Notice shall constitute the making advancing of the Loan and the Borrower shall thereupon become indebted, as principal and direct Security Partyobligor, to each Lender in an amount equal to that Lender’s 's Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 (Disbursement of Loan) above to a third party specified in the Drawdown Notice shall constitute the making of the Loan and the Borrower shall thereupon at that time become indebted, as principal and direct Security Partyobligors, to each Lender in an amount equal to that Lender’s Contribution.

Disbursement of Loan to third party. A The payment by the Agent under Clause 4.6 (Disbursement of Loan) above shall constitute the making of the Loan and the Borrower Borrowers shall thereupon become indebted, as principal and direct Security Partyobligors, to each Lender in an amount equal to that Lender’s 's Contribution.