Common use of Withdrawal Request Clause in Contracts

Withdrawal Request. The Borrower hereby requests that, in accordance with Section 5.02 of the Collateral Agency Agreement, the Collateral Agent make disbursements (the “Requested Construction Funds Transfer”) in an aggregate amount of $[ ] from the [[insert name(s) of applicable sub-account(s)] of the Construction Account][Construction Reserve Account] as set forth in greater detail in Section 3 below and on the attached Schedule I.

Appears in 2 contracts

Sources: Project Agreement, Collateral Agency Agreement