Disbursal Schedule definition
Disbursal Schedule. The schedule of estimated disbursements of the proceeds of the Loan agreed upon in writing by Lender and Borrower or as modified from time to time upon written approval from Lender.
Disbursal Schedule refers to the planned timeline and method by which the loan amount will be released to the Borrower. This schedule includes details on whether the loan will be disbursed 100% upfront or in a lump sum (full disbursement) or in stages (stage-wise disbursement), and the timing of these disbursements.
Disbursal Schedule means the schedule of estimated disbursements of the proceeds of the Loan agreed upon in writing by the Bank and the Borrower or as modified from time to time upon written approval from the Bank.
Examples of Disbursal Schedule in a sentence
Disbursement of the proceeds of the Loan is to be made by Lender to Borrower in accordance with the Disbursal Schedule.
Disbursement of the proceeds of the Loan is to be made by Lender to Borrower in accordance with the Disbursal Schedule and the Project Budget.