Draw Request definition

Draw Request. Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

Draw Request means a notice in the form of Exhibit "B" given by the Borrower to the Agent for the purpose of requesting an Advance.

Draw Request means, with respect to each Advance, Borrower’s Requisition for such Advance, along with such other documents required by this Agreement to be furnished to Lender as a condition to such Advance.

Examples of Draw Request in a sentence

• Each Draw Request submitted to HUD will constitute, and be deemed to be, a representation that the Owner is not in breach of this Agreement (except as the Grantee previously may have disclosed to HUD in writing) and that the certifications, representations and warranties in Section 4 of this Agreement are true, unless otherwise disclosed in writing to HUD.

• Draw Request Form - the draw request form, available from the City and on the Tree Commission website, for use by the Applicant requesting payment for completed tasks of the Scope of Work.

• The Applicant shall submit Draw Requests to the City in accordance with the Approved Draw Schedule attached hereto as Exhibit F, covering work performed since the prior Draw Request.

• Upon receiving the Draw Request, the City staff shall determine (a) whether the work completed as of the date of such Draw Request has been done satisfactorily and in accordance with the Construction Documents, and this Agreement, and (b) whether the costs actually incurred is a part of the Project Scope to be performed under this Agreement.

• HUD may deny or delay approval of any Draw Request during any period in which the Owner is in breach or Default under this Agreement or has failed to file any HUD-required report.

More Definitions of Draw Request

Draw Request means, with respect to each Construction Loan Advance, an Advance Request together with all other documents required by the Mortgage Loan Agreement to be furnished to Mortgage Lender as a condition to such Construction Loan Advance.

Draw Request means a properly completed and executed written application by the Borrower to the Administrative Agent in the form of Exhibit C attached hereto (or any other form approved by the Administrative Agent) setting forth the amount of Construction Loan Advance proceeds desired, together with such schedules, affidavits, releases, waivers, statements, invoices, bills and other documents, certificates and information as may be required by the Administrative Agent.

Draw Request means a request for an advance against the Construction Note prior to the Conversion Date, submitted by the Borrower to the Lender and the Disbursing Agent, in accordance with the terms and conditions of the Disbursing Agreement.

Draw Request has the meaning set forth in Section 1 of Exhibit “F”.

Draw Request means a completed, written request for an Advance from Borrower to Lender, which request shall be in form reasonably satisfactory to Lender, and shall be accompanied by such other documents and information as Lender may require or specify from time to time.

Draw Request has the meaning set forth in Section 2.04(a) hereof.

Draw Request means a completed request, substantially in form of Exhibit J attached hereto or such other form reasonably satisfactory to Administrative Agent, from Borrower to Administrative Agent requesting an Advance, together with such other documents and information as Administrative Agent may require from time to time, in its sole but reasonable business judgment discretion.