Conditions Precedent to Disbursement definition

Conditions Precedent to Disbursement. (Condiciones Precedentes para el Desembolso) means the conditions set out in Clause 3.2 below (“Conditions Precedent to Disbursement”—Condiciones Precedentes para el Desembolso). LIMA NOTARY PUBLIC’S ASSOCIATION
Sample 1
Conditions Precedent to Disbursement means all conditions precedent to any obligation of Bank to make the Loan Disbursement, as set forth in Section 6 of this Agreement.
Sample 1

Examples of Conditions Precedent to Disbursement in a sentence

  • Section 2.4 Conditions Precedent to Disbursement of Loan Proceeds.

  • All of the Settlement Amount will be distributed to the claimants in amounts as solely determined by the Attorney General.

  • Grantee may resubmit a request for disbursement that includes evidence satisfactory to Agency demonstrating deficiencies were corrected.7.2 Conditions Precedent to Disbursement.

  • A Participant shall be fully vested in his or her Distribution Accounts at all times (except to the extent that a Distribution Account consists of Equity Compensation that has not yet vested in accordance with the terms of the underlying equity-based award).

  • Prior to the Completion Date, either party may terminate this Agreement for the reasons provided in the above Section 3 (Conditions Precedent to Disbursement of Grant) and Section 14 (Withdrawal of State Funding), by providing the other party with at least thirty (30) calendar days’ advance written notice.

  • Awardee(s) will be expected to adhere to all Conditions Precedent to Disbursement that must be submitted to the city within 45 days of entering into the Agreement.

  • Article 5: Conditions Precedent to Disbursement Section 5.1: First Disbursement.

  • The Borrower has closed all Approved Financing described in Section 1.1(c) except the AHP Loan, the Permanent First Mortgage Loan and the HCD Loan.Section 2.7 Conditions Precedent to Disbursement.

  • Given the consistent challenges the Central African Republic faces to fulfill Conditions Precedent to Disbursement and other deliverables under the grant agreements, it is critical that any new safeguards are not viewed as stand-alone controls, but are accompanied by increased oversight and support from the Global Fund Secretariat.

  • The Round 8 malaria grant was signed in February 2010 with five Conditions Precedent to Disbursement (including 21 sub-conditions) and four Special Conditions (including eight sub-conditions), reflecting the considerable risk of operating in the Central African Republic.

Related to Conditions Precedent to Disbursement

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • 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.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Extension Conditions Defined in Section 3.06(a).

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Initial Advance means the first Advance made pursuant to Article II.

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Disbursement is defined in Section 2.6.2.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Report-based Disbursements means the Borrower’s option for withdrawal of funds from the Credit Account referred to in Part A.5 of Schedule 1 to this Agreement;

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Conditions of Approval means condition(s) imposed by the Municipality in the approval of a land development application, including any conditions contained in the annexure(s) and/or plans and/or attachment(s) that form part of the approval and/or are referred to in the approval of the land development application;

  • Request for Credit Extension means (a) with respect to a Borrowing, conversion or continuation of Term Loans or Revolving Credit Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.