Method of Disbursement. The payment by the Lender to the account specified in the Drawdown Notice shall constitute the making of the Loan (or the relevant part thereof) and the Borrower shall thereupon become indebted, as principal and direct obligor, to the Lender in an amount equal to the Loan (or the relevant part thereof).
Method of Disbursement. Upon satisfaction (or a written waiver by the Trustee) of the applicable conditions to disbursement set forth herein, the Disbursement Agent shall disburse funds from the applicable Account as specified in the applicable Disbursement Request.
Method of Disbursement. With respect to each Construction Project undertaken pursuant to this Master Agreement, the DOT shall disburse the Funding to the Municipality according to a method determined at the DOT’s sole discretion, and in accordance with any applicable state or federal laws, regulations, and requirements.
Method of Disbursement. The payment by the Lender to the account specified in the Drawdown Notice shall constitute the making of the Loan (or the relevant part thereof) and the Borrower shall thereupon become indebted, as principal and direct obligor, to the Lender in an amount equal to the Loan (or the relevant part thereof). For avoidance of doubt, following the payment by the Lender to the account specified in the Drawdown Notice - notwithstanding the actual owner of such account – the Borrower shall thereupon become indebted, as principal and direct obligor to the Lender, for the entire amount of the Loan transferred.
Method of Disbursement. Disbursement of any funds may be made by wire transfer or by checks of Escrow Holder from the Account. Escrow Holder shall be under no obligation to disburse any funds represented by check or by draft, and no check or draft shall be payment to Escrow Holder in compliance with any requirements of the party giving said check or draft, until it is advised by the bank which issued such check or draft that such check or draft has been honored, unless Escrow Holder specifically agrees in writing to accept liability for the sufficiency thereof.
Method of Disbursement. The Loan shall be made by wire transfer of funds to such account of Borrower as may be specified by Borrower to Lender in writing.
Method of Disbursement. The following draw procedures shall apply:
Method of Disbursement. All disbursements of money made in accordance with the provisions of this Article 6 will be made by cheque drawn upon a Canadian Schedule I chartered bank or by official cheque or wire transfer drawn upon the account of the Trustee made payable to or to the order of the persons entitled to disbursement and in the correct amount, and if not so directed, by wire transfer as may be directed in writing by the Special Warrantholders, the Company or the Agent (less all amounts required to be withheld by the Company by law, including without limitation, under the Income Tax Act (Canada), as directed by the Company).
Method of Disbursement. Any distribution of all or a portion of the Escrow Fund to the Company Indemnifying Stockholders shall be made in accordance with the percentages set forth opposite each Company Stockholder's name on Schedule 2.3(d) attached hereto. Distributions to the Company Indemnifying Stockholders shall be made by distributing shares of Common Stock of Parent to such holders at their respective addresses shown on Schedule 2.3(d) (or such other address as may be provided in writing to the Escrow Agent by any such holder). Upon termination of the Escrow Period, Parent and Stockholder Representative shall jointly notify Escrow Agent of the specific number of shares to be distributed to each Company Stockholder.
Method of Disbursement. Subject to the provisions of this Agreement and the Loan Agreement, the Bank will direct the Trustee to disburse from the Project Fund into the Construction Trust Account and the Company will accept the amount of the Loan in installments as follows: The Initial Disbursement will be made upon the satisfaction of the applicable conditions set forth in Paragraph 10 hereof and all subsequent Disbursements shall be made not more frequently than monthly thereafter, upon the satisfaction of the applicable conditions set forth in Paragraph 11 hereof, in amounts which shall be equal to the aggregate of the Hard Costs and Soft Costs incurred by the Company through the end of the period covered by the relevant Request for Disbursement, less:
