Schedule of Disbursements. Disbursement of the proceeds of the Loan is to be made by Lender to Borrower in accordance with the Disbursal Schedule and the Project Budget.
Appears in 2 contracts
Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)
Schedule of Disbursements. Disbursement of the proceeds of the Loan is to be made by Lender to Borrower in accordance with the Disbursal Schedule and the Project BudgetSchedule.
Appears in 2 contracts
Samples: Construction Loan Agreement (North American Technologies Group Inc /Mi/), Construction Loan Agreement (North American Technologies Group Inc /Mi/)
Schedule of Disbursements. Disbursement of the proceeds of the Loan is to be made by Lender to Borrower in accordance with the Disbursal Schedule Project Budget. All proceeds of the Loan shall be advanced against the Note as provided herein and shall be used by Borrower to pay for Project Costs as contained in the Project Budget.
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