Common use of Disbursement of Tranche Clause in Contracts

Disbursement of Tranche. Subject to the provisions of this Agreement, the Lender shall on each Drawdown Date advance the relevant Tranche to the Borrowers; and payment to the Borrowers shall be made to the account which the Borrowers specify in the relevant Drawdown Notice and such account may be the account of the relevant Builder.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Lender shall on each Drawdown Date advance the relevant Tranche to the BorrowersBorrower; and payment to the Borrowers Borrower shall be made to the account which the Borrowers specify Borrower specifies in the relevant Drawdown Notice and such account may be the account of the relevant BuilderNotice.

Disbursement of Tranche. Subject to the provisions terms of this Agreement, the Lender shall on each Drawdown Date advance the relevant Tranche to the Borrowers; and Borrowers by paying the proceeds thereof to the relevant Earnings Account for onward payment to the Borrowers shall be made to the account which the Borrowers specify in the relevant Drawdown Notice and such account may be the account of the relevant BuilderBuilder which the Borrowers must specify in the Drawdown Notice, and the Borrowers hereby unconditionally and irrevocably authorise the Lender to make such payment on their behalf.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Lender shall on each the relevant Drawdown Date advance the relevant Tranche to the Borrowers; and payment to the Borrowers shall be made to the account which the Borrowers specify in the relevant Drawdown Notice and such account may be the account of the relevant BuilderNotice.