Closing Draw Request definition

Closing Draw Request has the meaning specified in Section 2.5.
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Closing Draw Request. (using Lender’s prescribed form) for disbursement of the Initial Advance proceeds. At Closing, Lender will fund the Initial Advance by wire transfer in accordance with the instructions contained in the Closing Draw Request for the Initial Advance.
Sample 1

Examples of Closing Draw Request in a sentence

  • Lender shall be entitled to fully rely and act on the Closing Draw Request and shall have no duty to verify the content or accuracy of information contained therein, the authority of the person executing the Closing Draw Request or the identity of the sender thereof.

  • Lender does not have and is not undertaking any obligation whatsoever to Borrower to verify the source of the Closing Draw Request or to detect errors in transmission or content, including discrepancies between account names and numbers.

  • At Closing Lender will fund the Loan by wire transfer in accordance with the instructions contained in the Closing Draw Request.

  • Capitalized terms used in this Closing Draw Request (the “Draw Request”) and not defined herein have the meanings given thereto in the Agreement.

  • For Acquisition with Rehabilitation or Construction Contracts: A Closing Draw Request for Acquisition and closing costs is submitted concurrently with Loan Closing.

  • Lender shall have absolutely no duty or obligation to disburse the Initial Advance or any Earnout Advance unless and until Borrower has first submitted to Lender a properly completed and executed Closing Draw Request, with respect to the Initial Advance, or Earnout Advance Request, with respect to any Earnout Advance (each an “Advance Request”).

  • At Closing, Lender will fund the Initial Advance by wire transfer in accordance with the instructions contained in the Closing Draw Request for the Initial Advance.

  • Borrower must satisfy all conditions and requirements in this Agreement before Lender has any obligation to disburse any Loan proceeds.* If Borrower has started the Work before the Closing, any pre-Closing draw request submitted by Borrower relating to the Work must comply with all the requirements of this Agreement before Lender has any obligation to fund any post- Closing Draw Request.

Related to Closing 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.

  • Advance Request Form means a certificate, in substantially the form of Exhibit A, properly completed and signed by Borrower requesting an Advance.

  • 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.

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

  • Amendment Closing Date means October 20, 2006.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Closing Date Statement has the meaning set forth in Section 2.4(a).

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

  • First Amendment Closing Date means November 28, 2017.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • LC Request means a request by Borrower in accordance with the terms of Section 2.18(b) and substantially in the form of Exhibit H, or such other form as shall be approved by the Administrative Agent.

  • Closing Date Cash means Company Cash as of 11:59 P.M. on the date immediately prior to the Closing Date.

  • Closing Date Term Loan Commitment means, as to each Term Lender, its obligation to make a Closing Date Term Loan to the Borrower in an aggregate amount not to exceed the amount specified opposite such Lender’s name on Schedule 2.01 under the caption “Closing Date Term Loan Commitment” or in the Assignment and Assumption (or Affiliated Lender Assignment and Assumption) pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including pursuant to Section 2.14, 2.15 or 2.16). The initial aggregate amount of the Closing Date Term Loan Commitments is $400.0 million.

  • Third Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Third Amendment shall be satisfied or waived.

  • Borrowing Notice is defined in Section 2.8.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Closing Date Term Loan has the meaning specified in Section 2.01(a)(i).

  • Second Amendment Closing Date has the meaning assigned to that term in the Second Amendment.

  • Issuance Request means a Letter of Credit request and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit B-2 hereto.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

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

  • Restatement Closing Date means March 27, 2020.

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

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

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit G-1.