Common use of Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows Clause in Contracts

Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows. (a) For withdrawals of the Authorized Allocation, the Borrower shall furnish to the Association a request or requests for deposit into the Special Account of an amount or amounts which in the aggregate do not exceed the Authorized Allocation. On the basis of each such request, the Association shall, on behalf of the Borrower, withdraw from the Credit Account and deposit into the Special Account such amount as the Borrower shall have requested.

Appears in 30 contracts

Samples: Development Credit Agreement, Development Credit Agreement, Development Credit Agreement

AutoNDA by SimpleDocs

Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows. (a) For withdrawals of the Authorized Allocation, the Borrower shall furnish to the Association Bank a request or requests for deposit into the Special Account of an amount or amounts which in the aggregate do not exceed the Authorized Allocation. On the basis of each such request, the Association Bank shall, on behalf of the Borrower, withdraw from the Credit Loan Account and deposit into the Special Account such amount as the Borrower shall have requested.

Appears in 21 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows. (a) For withdrawals of the Authorized Allocation, the Borrower Recipient shall furnish to the Association a request or requests for deposit into the Special Account of an amount or amounts which in the aggregate do not exceed the Authorized Allocation. On the basis of each such request, the Association shall, on behalf of the BorrowerRecipient, withdraw from the Credit Grant Account and deposit into the Special Account such amount as the Borrower Recipient shall have requested.

Appears in 10 contracts

Samples: Development Grant Agreement, Development Grant Agreement, Development Grant Agreement

Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows. (a) For withdrawals of the Authorized Allocation, the Borrower shall furnish to the Association a request or requests for deposit into the Special Account of an amount or amounts which in the aggregate do not exceed the Authorized Allocation. On the basis of each such request, the Association shall, on behalf of the Borrower, withdraw from the Credit Account or the Grant Account and deposit into the Special Account such amount as the Borrower shall have requested.

Appears in 2 contracts

Samples: Development Financing Agreement, Development Financing Agreement

AutoNDA by SimpleDocs

Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows. (a) For withdrawals of the Authorized Allocation, the Borrower shall furnish to the Association Bank a request or requests for deposit into the Special Account of an amount or amounts which in the aggregate do not exceed the Authorized Allocation. On the basis of each such request, the Association shall, on behalf of the Borrower, withdraw from the Credit Account and deposit into the Special Account such amount as the Borrower shall have requested.

Appears in 2 contracts

Samples: Development Credit Agreement, Development Credit Agreement

Withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Account shall be made as follows. (a) For withdrawals of the Authorized Allocation, the Borrower shall furnish to the Association a request or requests for deposit into the Special Account Accounts of an amount or amounts which in the aggregate do not exceed the Authorized Allocation. On the basis of each such request, the Association shall, on behalf of the Borrower, withdraw from the Credit Account and deposit into the Special Account Accounts such amount as the Borrower shall have requested.

Appears in 1 contract

Samples: Development Credit Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.