Common use of Disbursement Request Clause in Contracts

Disbursement Request. “Disbursement Request” means a requisition submitted from time to time to the Members by the Development Manager to fund costs incurred in connection with predevelopment, development, construction and marketing activities of the Project pursuant to the Development Plan and the Development Management Agreement and which shall state the date on which the funds requested are to be contributed (or loan proceeds drawn), which date shall not be less than five (5) business days following the receipt of such Disbursement Request by the Members. 1.44 Electing Member. “Electing Member” shall have the meaning set forth in Section 11.1 of this Agreement. 1.45

Disbursement Request. “Disbursement Request” means a requisition submitted from time to time to the Members Company by the Development Manager to fund costs incurred in connection with predevelopment, development, construction and marketing activities of the Project pursuant to the Development Plan and the Development Management Agreement and which shall state the date on which the funds requested are to be contributed (or loan proceeds drawn), which date shall not be less than five (5) business days following the receipt of such Disbursement Request by the MembersCompany. 1.44 1.42 Electing Member. “Electing Member” shall have the meaning set forth in Section 11.1 of this Agreement. 1.451.43