Disbursement Budget definition

Disbursement Budget. - means the design and construction budget for the Improvements, as approved by Lender from time to time.

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Disbursement Budget means that certain budget of monthly aggregate Disbursements for the months of December, January, February and March 2018 delivered prior to the Seventh Amendment Effective Date, prepared by the Borrower and approved by the Borrower Financial Advisor.

Disbursement Budget shall have the meaning given to such term in Exhibit D hereto.

Examples of Disbursement Budget in a sentence

A description of the work performed, material supplied and/or costs incurred or due for which disbursement is requested with respect to any line item ("Item") shown in the Disbursement Budget.
The Construction Disbursement Budget may be amended from time to time in the manner set forth herein.
Bondowner Representative shall have received evidence satisfactory to Bondowner Representative that there will be sufficient funds available to Borrower to complete the Project and cover all costs as shown on the Disbursement Budget attached hereto, whether from the proceeds of the Loan, Subordinate Loans, Capital Contributions or from another source or other sources acceptable to Bondowner Representative.
Unless expressly set forth in the then effective Disbursement Budget or this Agreement, no developer’s, management, consulting or brokerage fee or commission, developer profit or other payment to any Related Person will be paid directly or indirectly from any proceeds of the Loan without Administrative Agent’s prior written approval.
The Issuers shall promptly, and in no event later than two (2) Business Days following knowledge thereof, notify the Trustee and the Disbursement Agent in writing if at any time the Issuers reasonably believe that there are insufficient Available Funds (a) to permit the Opening or (b) to complete construction of the Facility in accordance with the Final Plans and/or the Construction Disbursement Budget (as in effect at such time).

More Definitions of Disbursement Budget

Disbursement Budget. – means the column titled “Funded by Bank” in the then current Expansion Budget.

Disbursement Budget means the budget and schedule for disbursement of the loan proceeds attached as Exhibit B to this Agreement. ---------

Disbursement Budget means the budget setting forth the purposes for which Borrower shall be entitled to use the proceeds of the Loan and the Borrower Equity, which is included in the Disbursement Plan attached hereto as Exhibit C.

Disbursement Budget means the column titled “Funded by Bank” in the then current Expansion Budget.

Disbursement Budget means that certain budget of monthly aggregate Disbursements for the months of July, August and September 2017 prepared by the Borrower, approved by the Borrower Financial Advisor.

Disbursement Budget has the meaning ascribed to such term in Exhibit D to this Agreement.

Disbursement Budget means the annual allocation available for disbursement to Indigenous Partners from the Disbursement Account by the Governance Committee;