Requisition Procedure. No disbursement from the Escrow Account shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Escrow Account there shall be filed with the Escrow Agent a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. All disbursements shall be made by wire transfer. The Escrow Agent is authorized to obtain and rely on confirmation of such Disbursement Request and payment instructions by telephone call-back to the person or persons designated for verifying such requests on Exhibit A-2 (such person verifying the request shall be different than the person initiating the request). The Lessor and Lessee hereby confirm that any call-back performed by Escrow Agent to verify a disbursement instruction pursuant to a Disbursement Request submitted pursuant to this Section 2(c) before release, shall be made to Lessor only and Escrow Agent shall have no obligation to call-back Lessee. Each such Disbursement Request shall be signed by an authorized representative of Lessee (an “Authorized Representative”) and by Lessor, and shall be subject to the following conditions, which Escrow Agent shall conclusively presume have been satisfied at such time as a requisition executed by Lessee and Lessor is delivered to it:
Requisition Procedure. During the period when the Property is contemplated under the Budget to experience Operating Deficits, Borrower or Manager may submit to Lender, not more frequently than monthly, Operating Deficits Funding Requests for Advances to fund such Operating Deficits anticipated for the Applicable Month, accompanied by all other information and items required to satisfy all of the conditions precedent to such Advance and other terms and conditions of this Agreement relating to such Advance. Lender shall either approve or deny the Operating Deficits Funding Request within ten (10) Business Days after receipt of a complete Operating Deficits Funding Request, together with all other accompanying information and items required therewith. Lender must approve any such Operating Deficits Funding Request unless Lender determines (A) an Event of Default has occurred and is continuing, (B) the Operating Deficits Funding Request violates the Loan balancing provisions of Section 3.7, (C) the Operating Deficits Funding Request does not relate to Approved Operating Expenses, or (D) Lender is not issued a Title Continuation in the form required under Section 5.3(g). Subject to all of the other terms and conditions of this Agreement, an Advance with respect to such Operating Deficits shall be made on the later to occur of the first day of the Applicable Month or the date of Lender's approval, which will not be unreasonably withheld or delayed. All Advances with respect to Operating Deficits will be made by Lender at Manager's election to one of the (a) the Manager's Disbursement Account, or (b) if applicable, the Title Insurer pursuant to an escrow agreement approved by Lender and providing for either (i) the return of the Advance to Lender if the Title Continuation cannot be issued (which Lender will deposit in the Cash Collateral Subaccount), or (ii) the disbursement of the Advance to the Manager's Disbursement Account simultaneously with the delivery to Lender of the Title Continuation. Borrower or Manager shall, in connection with the Operating Deficits Funding Request submitted for the second month following the Applicable Month, prepare and submit to Lender a reconciliation certifying the amount by which the actual Operating Deficits for the Applicable Month differed from the Advance made by Lender on account of Operating Deficits for such Applicable Month. The reconciliation shall be subject to review by Lender to confirm the accuracy of the calculation therein and to conf...
Requisition Procedure. At the beginning of each school year, all teachers shall be provided with a copy of the procedure to be followed in requisitioning materials and supplies. (1977)
Requisition Procedure. No disbursement from the Acquisition Fund shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Acquisition Fund there shall be filed with the Acquisition Fund Custodian a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. Each such requisition shall be signed by an authorized representative of Lessee (an “Authorized Representative”) and by Lessor, and shall be subject to the following:
Requisition Procedure. No disbursement from the Escrow Account shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Escrow Account there shall be filed with the Escrow Agent a requisition for such payment in the form of Disbursement Request attached hereto as Schedule I, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due and the manner of disbursement (check or wire). Each such requisition shall be signed by an authorized representative of Xxxxxx (an “Authorized Representative”) and by Xxxxxx, and shall be subject to the following conditions, which Escrow Agent shall conclusively presume have been satisfied at such time as a requisition executed by Xxxxxx and Lessor is delivered to it:
Requisition Procedure. No disbursement from the Acquisition Fund shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Acquisition Fund [or the Expense Fund], Sub-Lessee shall file with the Acquisition Fund Custodian a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. Each such requisition shall be signed by an authorized representative of Sub-Lessee (an “Authorized Representative”) and by Xxxxxx, and shall[, except in the case of a requisition from the Expense Fund,] be subject to the following:
Requisition Procedure. Prior to disbursement from the Acquisition Fund there shall be filed with the Acquisition Fund Custodian a requisition for such payment in the form of an Acceptance Certificate and Disbursement Request attached hereto as Schedule 1 (an “Acceptance Certificate and Disbursement Request”), stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. Each such Acceptance Certificate and Disbursement Request shall be signed by an authorized representative of Lessee (an “Authorized Representative”) and approved by Xxxxxx, shall be executed and delivered by Lessee to Lessor no later than the fifth Business Day next preceding the end of the Acquisition Period and shall be subject to the following:
Requisition Procedure. Prior to disbursement from the Project Fund there shall be filed with the Project Fund Depository a Requisition for such payment approved by the Seller. Each such Requisition shall be signed by the Authorized County Representative and approved by the Seller. If any such Requisition requires reimbursement for such item to the County where title is not in the Seller, such requisition shall so state and shall include any xxxx of sale necessary to convey title in and to such item to the Seller. In making any such disbursement from the Project Fund, the Project Fund Depository may rely on any such Requisition delivered to it pursuant to this Section and the Project Fund Depository shall be relieved of all liability with respect to making such disbursements in accordance with such requisitions without inspection of the Project or any other investigation.
Requisition Procedure. Not less than two (2) BUSINESS DAYS prior to the date upon which an advance is to be made under the EQUIPMENT LINE (other than an advance for purposes of acquisitions, investments in joint ventures or licensing agreements), the BORROWER shall execute and deliver a fully completed Requisition in the form attached hereto as Exhibit B, containing the specifics required therein relating to the requested advance. Prior to making any advance under the EQUIPMENT LINE for acquisitions investments in joint ventures or license agreements, the LENDER shall receive from the BORROWER such information as the LENDER may request in connection with such acquisition, investment in joint venture or licensing agreement. On the date the LENDER is to make an advance of proceeds under the EQUIPMENT LINE to the BORROWER, the BORROWER shall execute and deliver to the LENDER an EQUIPMENT NOTE in the principal amount equal to the sum of the term loan advanced. The principal .amount of each term loan advance made under the EQUIPMENT LINE for the acquisition of EQUIPMENT shall be repaid in even monthly principal installments over a term between three (3) and five (5) years to be determined by the BORROWER and LENDER based on the useful life of the EQUIPMENT purchased by such loan advance. The principal amount of each term loan advanced under the EQUIPMENT LINE for acquisitions, investments in joint ventures and license agreements shall be repaid pursuant to terms agreed to by and between the BORROWER and the LENDER when such advance is made. The LENDER is hereby authorized by the BORROWER to make any advances hereunder directly to the persons or entities supplying EQUIPMENT to the BORROWER that is the subject of any requested advance.
Requisition Procedure. Not less than two (2) BUSINESS DAYS prior to the date upon which an advance is to be made under the EQUIPMENT LINE, the BORROWER shall execute and deliver a fully completed Requisition in the form attached hereto as Exhibit B, containing the specifics required therein relating to the requested advance. On the date the LENDER is to make an advance of proceeds under the EQUIPMENT LINE to the BORROWER, the BORROWER shall execute and deliver to the LENDER an EQUIPMENT NOTE in the principal amount equal to the sum of such term loan advance. The principal amount of each term loan advance shall be repaid in even monthly principal installments over a term between three and five years which shall be determined by the BORROWER and LENDER based on the useful life of the EQUIPMENT purchased with such loan advance. The LENDER is hereby authorized by the BORROWER to make any advances hereunder directly to the persons or entities supplying the EQUIPMENT to the BORROWER that is the subject of the requested advance.
