A&D Draw Request definition

A&D Draw Request means that portion of the Collateral Verification Certificate representing the Collateral Basis Amount for A&D Projects submitted in accordance with the draw procedures set forth in Section 4 below which shall be accompanied by (i) an AIA Application and Certificate for Payment signed by Borrower’s engineer and general contractor, if applicable, of the A&D Project, or equivalent acceptable to Lender; (ii) Borrower certifying the status of development and the percentage of completion; and (iii) a spreadsheet report for all costs confirmed by an applicable AIA form.
Sample 1

Examples of A&D Draw Request in a sentence

  • The aggregate amount available shall be the total of such Eligible Costs actually paid or incurred by Borrower for each of the cost line items specified in such Budget, but in no event shall the A&D Draw Request for a particular A&D Project exceed the total of all sums allocated to such cost line items, being in the aggregate the A&D Project Allocation.

  • Borrower may request Advances under any A&D Loan by submitting an A&D Draw Request Form to Lender, and by complying with the other terms and conditions set forth in Section 4.1 of this Agreement.

  • Unless another provision of this Agreement specifies otherwise, Borrower shall submit to Lender a Draw Request Form (or A&D Draw Request Form, if applicable), fully completed, signed and acknowledged by Borrower as a condition precedent to an Advance.

  • Advances hereunder may be made by Lender upon receipt of a fully completed Draw Request Form (or A&D Draw Request Form, if applicable), executed by any person who has been authorized by Borrower to request such Advance until such time as written notice of Borrower’s revocation of such authority is received by Lender at the address shown in Exhibit ”B”.

  • The allowed amount of each A&D Draw Request shown in the Collateral Verification Certificate shall be subject to the Maximum Facility Amount and all applicable Sub-Limits, in accordance with the approved Budget for the A&D Project set forth on the applicable A&D Project Addendum and determined by the information provided by Borrower in its A&D Draw Request, subject to adjustment based on Lender’s inspections.

  • Such advance, if made, shall be made by a bookkeeping entry on Lender’s records, shall be considered an A&D Draw Request, added to the outstanding principal balance of the Note and shall be deemed paid to and received by Borrower.

Related to A&D Draw Request

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Advance Request Form means a certificate, in a form approved by Lender, properly completed and signed by Borrower requesting a Revolving Credit Advance.

  • Request for Loan means a written request for a Loan substantially in the form of Exhibit E, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be included therein.

  • Request for Borrowing has the meaning provided in Section 2.3(a).

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Borrowing Notice is defined in Section 2.8.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • L/C Request has the meaning specified in Section 2.4(b).

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit F, signed by a Responsible Official of Borrower and properly completed to provide all information required to be included therein.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Lenders pursuant to Section 2.02(a).

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Request for Advance means a Request for Revolving Credit Advance or a Request for Swing Line Advance, as the context may indicate or otherwise require.

  • LC Request a request for issuance of a Letter of Credit, to be provided by Borrower Agent to Issuing Bank, in form satisfactory to Agent and Issuing Bank.

  • Notice of Swingline Borrowing means a notice in the form of Exhibit F to be delivered to the Agent pursuant to Section 2.04 evidencing the Borrower’s request for a Swingline Loan.

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Delayed Draw Commitment means, as to each Lender, its obligation to make Delayed Draw Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Delayed Draw Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Delayed Draw Commitments of all of the Lenders on the Closing Date shall be $150,000,000.

  • Funding Request shall have the meaning set forth in Section 5.3(a).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).