Single Disbursement to Borrower Clause Samples
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Single Disbursement to Borrower. ▇▇▇▇▇▇▇▇ may request and receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be re-borrowed. ▇▇▇▇▇▇▇▇ acknowledges and agrees that (i) the Loan has been fully funded as of the Closing Date, and (ii) the Earn-Out Aggregate Amount deposited into the Earn-Out Reserve Account on the Closing Date shall constitute a portion of the Principal Indebtedness as of the Closing Date.
Single Disbursement to Borrower. The principal amount of the Loan shall be advanced to Borrower in one advance on the Closing Date. Any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed. Borrower acknowledges and agrees that the Loan has been fully funded as of the Closing Date.
Single Disbursement to Borrower. Borrower may request and receive only one (1) borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed. Borrower acknowledges and agrees that the Loan has been fully funded as of the Closing Date.
Single Disbursement to Borrower. Borrower shall receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.
Single Disbursement to Borrower. (a) Borrower shall receive only one borrowing hereunder in respect of the Initial Advance and the First Future Funding Advance.
(b) The Initial Advance, the First Future Funding Advance and each other Future Advance and any other amount borrowed and repaid hereunder in respect of the Loan may not be re-borrowed.
Single Disbursement to Borrower. Borrower may request and receive only one borrowing hereunder in respect of the Initial Advance and each Future Advance. Any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.
Single Disbursement to Borrower. The Note, Mortgage and Loan Documents. 29 2.1.4 Use of Proceeds.
Single Disbursement to Borrower. Borrower shall receive a single disbursement from Lender under this Agreement in respect of the Loan. The proceeds of the Loan are being and shall be used to (a) pay transaction costs, (b) pay off existing mortgage indebtedness of Borrower, and (c) return equity to Borrower. This is not a revolving loan and no proceeds of the Loan which are repaid may be reborrowed.
Single Disbursement to Borrower. 40 2.1.3 The Note, Security Instrument and Loan Documents...............................40
Single Disbursement to Borrower. Borrower may request and receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed. Borrower hereby acknowledges and agrees that, as of the date hereof, (i) the Loan has been fully advanced and (ii) the outstanding principal balance of the Note is $300,000,000.