Project Loan Advances Sample Clauses
The 'Project Loan Advances' clause defines the terms and conditions under which funds are disbursed to a borrower for a specific project. Typically, this clause outlines the schedule, requirements, and documentation needed for each advance, such as proof of completed work or compliance with project milestones. Its core function is to ensure that loan funds are released in a controlled manner, aligning disbursements with project progress and thereby reducing the lender's risk of misuse or misallocation of funds.
Project Loan Advances. The obligation of Lender to make the Advances of the Project Loan after the Initial Advance shall be subject to the following conditions precedent, all of which conditions precedent must be satisfied prior to Lender making any such Advance:
Project Loan Advances. Lender shall remit the principal amount of the Project Loan Advance to be made to Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 12:00 (noon) Eastern Standard time on the Borrowing Date.
Project Loan Advances. 16 2.7 Notes.................................................16 2.8 Interest Rate on Project Loan Advances................16 2.9 Maximum Interest Rate.................................16 2.10
Project Loan Advances. 7 Notes . . . . . . . . . . . . . . . . . . . . . . . 16 2.8 Interest Rate on Project Loan Advances . . .
Project Loan Advances