Examples of Disbursement Event in a sentence
Upon a Disbursement Event, Contractor may deliver a written notice to the Homeowner and Escrow Agent directing Escrow Agent to disburse immediately to Contractor from the Security Deposit, the amount equal to the amount of the unpaid but required payment then due to Contractor.
Any payment under a Disbursement Event shall not diminish or waive any rights, defenses or claims that the Homeowner has against the Contractor for breach of the Agreement or otherwise.
For purposes of this Agreement, a "Disbursement Event" shall mean any time Homeowner will have failed to make any required payment when due to Contractor in violation of the terms of this Agreement, and Homeowner also will have failed to cure the payment default within a cure period of seven (7) calendar days after the expiration of the ten (10) business day period described in Section 10, and after Homeowner’s receipt of written notice of default from Contractor.
The release of funds from the Escrow Account and each Purchaser’s obligation to accept delivery of stock certificate(s) to finalize the sale of the aggregate number of contingent Shares set forth adjacent to such Purchaser’s name on Schedule I, on the Closing Date shall be subject to the Company having delivered to the Escrow Agent a certificate confirming that a Disbursement Event has occurred and instructing the Escrow Agent to release the Escrow Funds.
Supervisor Carmon stated North Valley Community Foundation's point-person, Jody Samons, has been working very hard and water deliveries should begin shortly, and there is sufficient bottled water available for the last Water Disbursement Event at Orland Fire Department this week; b.
Upon the occurrence of an Early Disbursement Event of the Guarantee, the right of the TNC to declare that the Outstanding Balance or a portion thereof is immediately due and payable will be exercisable by TNC.
Not later than thirty days after receipt of notification by Escrow Agent to Grantee by certified mail, return receipt requested, of a Disbursement Event involving amounts paid to the County, the Grantee shall deposit in the Escrow Fund an amount necessary to restore the balance of the Escrow Fund to $50,000 pursuant to Section 11(b)(1)(C) of the Franchise Agreement.
All representations and warranties contained in this Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of each Credit or Disbursement Event with the same effect as if made on and as of such date except to the extent such representations and warranties expressly relate to an earlier date.
Supervisor Carmon stated North Valley Community Foundation's point-person, Jody Samons, has been working very hard and water deliveries should begin shortly, and there is sufficient bottled water available for the last Water Disbursement Event at Orland Fire Department this week;b.
Fire incidents have been documented aboard Apollo 13 [9], Salyut-1 [10],[11], Salyut-6 [12], the Orbiter fleet [13], and Mir [14].