Disbursement of the Loan definition

Disbursement of the Loan the disbursement of the total amount of the Loan to be made by the Bank to the Borrower and to be subject to the conditions precedent for disbursement referred to in Clause 3.02 of the Contract.
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Examples of Disbursement of the Loan in a sentence

  • The first interest payment shall be made on the first Interest Payment Date after the Disbursement of the Loan.

  • Disbursement of the Loan Proceeds; Amounts Payable; Prepayment; and Late Fee.

  • Payment/preparation of credit notes is carried out for deliveries for the agreed orders or respective picks accord- ing to the prices and conditions agreed in the contract.

  • Disbursement of the Loan may be made directly to the Borrower or to the builder/developer and in case of ready built Property to the vendor thereof and/or in such other manner as may be decided solely by the Lender.

  • Disbursement of the Loan proceeds shall be made within 10 business after the Council has approved a claim for the Loan.

  • In case of any alternative arrangement based on a specific product being offered, the same shall be informed to and acknowledged by Borrower(s) d) Creation of Equitable/ Registered Mortgage/ MOE & Charges as prescribed by the state government, if any, to be paid by the Borrower(s) as per actuals e) The construction is being undertaken as per approved plans f) Disbursement of the Loan will be linked to stages of construction as specified in the Sanction Letter.

  • Interest Accrual.‌Each Loan shall accrue interest at the rate set forth in the Promissory Note beginning with the Date of Disbursement of the Loan until the Loan is paid in full.

  • Disbursement of the Loan Amount in tranches/parts, each time a tranche is disbursed under the Loan.

  • Amounts on deposit in the Project Loan Account shall be disbursed to the Governmental Agency upon receipt of a requisition executed by an Authorized Officer, and approved by the Authority and the State Department of Public Health and Environment, in the form set forth in Exhibit G; provided that the Disbursement of the Loan may be withheld if the Governmental Agency is not complying with any of the covenants and conditions in the Loan Agreement.

  • Any service, post Disbursement of the Loan, shall be provided at the sole discretion of the Bank, and in respect thereof, Borrower(s) shall pay applicable charges available on the Website or as displayed in the offices of the Bank.

Related to Disbursement of the Loan

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Disbursement is defined in Section 2.6.2.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Disbursement Date is defined in Section 2.6.2.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Protective Advance has the meaning assigned to such term in Section 2.04.