Disbursements from the Operating Expense Subaccount Clause Samples
Disbursements from the Operating Expense Subaccount. Cash Management Bank shall disburse funds in the Operating Expense Subaccount to Borrower for payment of Operating Expenses for the applicable period approved by Lender;
Disbursements from the Operating Expense Subaccount. Agent shall disburse funds on deposit in the Operating Expense Subaccount to Borrower for Operating Expenses approved by Lender for the applicable period pursuant to the Approved Annual Budget.