Common use of Monthly Disbursements Clause in Contracts

Monthly Disbursements. Promptly after the Landlord receives and approves a complete Payment Application, then the Landlord shall disburse the Landlord Contribution with respect to the amount stated in the Payment Application. The Landlord’s approval of disbursement of any amounts of the Landlord Contribution shall not be deemed the Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in the Tenant’s Application. The minimum portion of the Landlord Contribution payable by the Landlord in connection with a Payment Application shall be £100,000.00.