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.
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Closing Draw Request. Section 2.5 “Credit Party Information” Section 8.19 “ERISA” Section 3.20 “Evaluation Information” Section 3.17
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Examples of Closing Draw Request in a sentence

  • 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.

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

  • 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.

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

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 A certificate, in a form approved by Lender, properly completed and signed by Borrower requesting a Revolving Credit 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 the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Closing Date Statement has the meaning set forth in Section 2.06(b).

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

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

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

  • 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.

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • 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).

  • Second Amendment Closing Date has the meaning assigned to such 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.

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

  • 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.