Disbursement Notice definition

Disbursement Notice means a notice from the Bank to the Borrower pursuant to and in accordance with Article 1.02C.

Disbursement Notice has the meaning set forth in Section 2.03(d) herein.

Disbursement Notice means, for a EFS TBL Facility, the notice the Bank sends that sets out the disbursement and instalment schedule. It supplements and is to be read with the Facility Letter.

Examples of Disbursement Notice in a sentence

• All amounts subject to disagreement shall be deposited into the Principal and Interest Account for the related Trust (and the Servicer acknowledges and agrees that the Supplemental Servicer may issue a Disbursement Notice to the Clearing Bank so instructing the Clearing Bank) and shall not be disbursed from such Principal and Interest Account until the earlier of resolution or the next Monthly Remittance Date.

• On each Business Day during each Remittance Period on which there is an unreimbursed Supplemental Delinquency Advance, the Disbursing Agent shall, on a Trust Group-by-Trust Group basis, issue a Disbursement Notice to reimburse the Supplemental Servicer from Net Collections held in the Clearance Account for all outstanding Supplemental Delinquency Advances prior to payment of any amount from Net Collections to the Servicer (or a successor servicer) or to the Principal and Interest Account.

• The Seller shall include with each such Disbursement Notice and Instruction such supporting information related to all such PSL Related Costs and Expenses (including copies of invoices from the applicable payees).

• Following the occurrence of the PSL Cost and Expense Reserve Trigger Date, the Seller shall deliver no later than the last day of each calendar month a Disbursement Notice and Instruction to the Purchaser (with a copy thereof delivered to the Calculation Agent and the Collateral Agent).

• However, the notice shall have no effect in respect of (i) a Notified Tranche which has a Scheduled Disbursement Date falling within 5 (five) Business Days of the date of the notice or (ii) a Tranche in respect of which a Disbursement Request has been submitted but no Disbursement Notice has been issued.

More Definitions of Disbursement Notice

Disbursement Notice means a notice from the Provider of the Finance in the form of a copy of the SWIFT 103 showing the date of disbursement or payment of the full proceeds of the Loan.

Disbursement Notice means a notice from the Bank to the Borrowers pursuant to and in accordance with Article 1.02C. “Disbursement Request” means a notice substantially in the form set out in Schedule C.1.

Disbursement Notice has the meaning specified under Sub-clause 4.3(b).

Disbursement Notice means a notice in the form of Exhibit 1 hereto;

Disbursement Notice means a certificate, in form appended to these Terms and Conditions as Schedule 2 (Form of Disbursement Notice), signed by the Issuer (a) certifying that so far as it is aware no Event of Default is continuing, (b) including relevant calculations and figures regarding disbursement of Restricted Proceeds from the Escrow Account, and(c) including an instruction to disburse Restricted Proceeds to a bank account of the Issuer. “EBITDA” has the meaning set forth in Clause 13.1.

Disbursement Notice means the meaning assigned to such term in Section 2.26(a).

Disbursement Notice is defined in the Depository Agreement.