DISBURSEMENT INSTRUCTIONS definition
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Bank's conditions for making the loan have been satisfied. Please disburse the loan proceeds as follows: Revolving Line Equipment Line -------------- -------------- Amount paid to Borrower directly: $ __________ $ __________ Undisbursed Funds $ __________ $ __________ Principal 3,000,000 $ 1,500,000 CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the following charges: Charges Paid in Cash: $30,000 Loan Fee (less $5,000 previously paid to Bank) $______ Accounts Receivables Audit $100 UCC Search Fees $100 UCC Filing Fees $______ Intellectual Property Filing Fees $__________ Outside Counsel Fees and Expenses (Estimate) Total Charges Paid in Cash $ __________ AUTOMATIC PAYMENTS. Borrower hereby authorizes Bank automatically to deduct from Borrower's account numbered __________ the amount of any loan payment. If the funds in the account are insufficient to cover any payment, Bank shall not be obligated to advance funds to cover the payment. FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO BANK THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENTS PROVIDED TO BANK. THIS AUTHORIZATION IS DATED AS OF JANUARY 13, 1998. BORROWER: VidaMed, Inc. _________________________ Authorized Officer _________________________ Authorized Officer ================================================================================ AGREEMENT TO PROVIDE INSURANCE Grantor: VidaMed, Inc. Bank: Silicon Valley Bank ================================================================================ INSURANCE REQUIREMENTS. VidaMed, Inc. ("Grantor") understands that insurance coverage is required in connection with the extending of a loan or the providing of other financial accommodations to Grantor by Bank. These requirements are set forth in the Loan Documents (as defined in the Loan Agreement (defined below)). The following minimum insurance coverages must be provided on the following described collateral (the "Collateral"):
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Lender's conditions for making the loan have been satisfied. Please disburse the loan proceeds of $633,000.00 as follows:
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Lender's conditions for making the loan have been satisfied. Please disburse the loan proceeds of $4,500,000.00 as follows: AMOUNT PAID TO OTHERS ON BORROWER'S BEHALF: $4,500,000.00 $4,500,000.00 to EXTEND 505-7979623550-42 ------------- NOTE PRINCIPAL: $4,500,000.00 FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS AUTHORIZATION IS DATED SEPTEMBER 15, 1995. BORROWER: SCIENTIFIC SOFTWARE - INTERCOMP, INC., A COLORADO CORPORATION BY: /s/ RONA▇▇ ▇. ▇▇▇▇▇▇▇ ---------------------------- RONA▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇CRETARY ================================================================================ Variable Rate. Line of Credit. 4 [BANK ONE LOGO] CHANGE IN TERMS AGREEMENT ------------------------------------------------------------------------------------------------------------------------ PRINCIPAL LOAN DATE MATURITY LOAN NO. CALL COLLATERAL ACCOUNT OFFICER INITIALS ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ $633,000.00 09-30-1995 26 7979623550 410 ------------------------------------------------------------------------------------------------------------------------ References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. ------------------------------------------------------------------------------------------------------------------------ BORROWER: SCIENTIFIC SOFTWARE - INTERCOMP, INC., LENDER: BANK ONE, COLORADO, N.A. A COLORADO CORPORATION DOWNTOWN BOULDER BANKING CENTER 1801 ▇▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇▇ ▇▇▇ 2696 ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇. ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ DENV▇▇, ▇▇ ▇▇▇▇▇ ======================================================================================================================== PRINCIPAL AMOUNT: $633,000.00 DATE OF AGREEMENT: SEPTEMBER 15, 1995 DESCRIPTION OF EXISTING INDEBTEDNESS. A PROMISSORY NOTE DATED SEPTEMBER 20, 1994 IN THE ORIGINAL PRINCIPAL AMOUNT OF $1,500,000.00. DESCRIPTION OF CHANGE IN TERMS. THE MATURITY DATE WILL NOW BE SEPTEMBER 30, ...
Examples of DISBURSEMENT INSTRUCTIONS in a sentence
If the Lender directs the proceeds of the Term Loan in accordance with the Disbursement Instructions, such action shall be without recourse to the Lender, and the Borrower hereby waives any defenses or counterclaims that may arise in connection with such disbursements.
The Borrower hereby irrevocably authorizes the Lender to disburse the proceeds of the Term Loan in accordance with the Disbursement Instructions.
The Lender shall disburse the proceeds of the Term Loan on the Closing Date by wire transfer of immediately available funds in accordance with the Disbursement Instructions.
More Definitions of DISBURSEMENT INSTRUCTIONS
DISBURSEMENT INSTRUCTIONS shall have the meaning ascribed to such term in the Cash Management Agreement.
DISBURSEMENT INSTRUCTIONS means the Net Purchase Price Disbursement Instructions provided by the Company substantially in the form attached hereto as Annex IIIand incorporated herein by this reference.
DISBURSEMENT INSTRUCTIONS has the meaning set forth in the preface.
DISBURSEMENT INSTRUCTIONS means the instructions delivered to Purchaser by Seller and the Bond Fund Trustee regarding that portion of the Purchase Price described in Section 2.2.1(a) of this Agreement to be deposited into the Escrow Deposit and/or Refunding Trust Fund by Purchaser at Closing.
DISBURSEMENT INSTRUCTIONS shall (i) be in writing and signed by LTC and the Seller, (ii) state the principal amount owed to LTC or the Seller as determined in accordance with the Purchase Agreement, and (iii) shall provide wire transfer instructions to the Escrow Agent as to where and to whom such amount is to be sent. Upon receipt of the Disbursement Instructions, the Escrow Agent shall within five (5) business days transfer funds from the Escrow Funds as directed in the Disbursement Instructions.
DISBURSEMENT INSTRUCTIONS. Very truly yours, Long Beach Acceptance Receivables Corp., as Borrower By: ----------------------------------- Name: Title: ANNEX IV EXHIBIT K FORM OF SECOND ADDITIONAL ADVANCE NOTICE OF BORROWING June 12, 2001 Greenwich Capital Financial Products, Inc. ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Ladies and Gentlemen: In accordance with Section 2.12 of that certain Credit and Security Agreement, dated as of [____________] (as amended, modified or otherwise supplemented from time to time in accordance with the terms thereof, the "AGREEMENT", the terms defined therein being used herein as defined therein), by and among Greenwich Capital Financial Products, Inc., as Lender, the undersigned, as Borrower, and Long Beach Acceptance Corp., as Guarantor, the undersigned hereby requests a Loan in an aggregate principal amount equal to $_________________, to be disbursed in the manner provided below. The undersigned hereby certifies that the following statements are true on the date hereof:
DISBURSEMENT INSTRUCTIONS. Very truly yours, Long Beach Acceptance Receivables Corp., as Borrower By: ------------------------------- Name: