Common use of Disbursement of the Loan Clause in Contracts

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 5 contracts

Samples: Loan Authorization and Agreement (Tropical Racing Inc), Loan Authorization and Agreement, Loan Authorization and Agreement

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Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Xxxxxxxx and BorrowerXxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 2 contracts

Samples: Loan Authorization and Agreement (Phoenix Motor Inc.), Loan Authorization and Agreement

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's ’s sole discretion, there has been an adverse change in Borrower's ’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · SBA Loan #9602737402 Application #3300498906 ● NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Bxxxxxxx and Borrower's Bxxxxxxx’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Authorization and Agreement (Amphitrite Digital Inc)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Xxxxxxxx and BorrowerXxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Andrea Electronics Corp)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · SBA Form 1391 (5-00) Ref 50 30 SBA Loan #7244867809 Application #3600758778 ● Disbursement may be withheld if, in SBA's ’s sole discretion, there has been an adverse change in Borrower's ’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Xxxxxxxx and Borrower's Xxxxxxxx’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Authorization and Agreement (Maison Solutions Inc.)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's ’s sole discretion, there has been an adverse change in Borrower's ’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. SBA Form 1391 (5-00) Ref 50 30 SBA Loan #7355347406 Application #3300234058 PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's ’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Odyssey Marine Exploration Inc)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's ’s sole discretion, there has been an adverse change in Borrower's ’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. SBA Form 1391 (5-00) Ref 50 30 PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Xxxxxxxx and Borrower's Xxxxxxxx’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Maison Solutions Inc.)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. SBA Form 1391 (5-00) Xxx 00 00 XxxxXxxx Xxxxxxxx ID: FBD63BF7-2454-47EF-A01E-6A620ABF842D Doc # L-01-0345415-01 SBA Loan #0000000000 Application PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Adomani, Inc.)

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Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's ’s sole discretion, there has been an adverse change in Borrower's ’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. SBA Loan #4909478503 Application #3315916159 PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Bxxxxxxx and Borrower's Bxxxxxxx’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (American Picture House Corp)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's ’s sole discretion, there has been an adverse change in Borrower's ’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · SBA Loan #2967369108 Application #3324134101 ● NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Bxxxxxxx and Borrower's Bxxxxxxx’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Amphitrite Digital Inc)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's ’s sole discretion, there has been an adverse change in Borrower's ’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. SBA Form 1391 (5-00) Ref 50 30 SBA Loan #7040527908 Application #3000020655 PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's ’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Gratitude Health, Inc.)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · SBA Form 1391 (5-00) Ref 50 30 SBA Loan #7239127805 Application #3600752542 ● Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower Xxxxxxxx and BorrowerXxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Authorization and Agreement (Maison Solutions Inc.)

Disbursement of the Loan. Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Appears in 1 contract

Samples: Loan Authorization and Agreement (ABCO Energy, Inc.)

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